Las Vegas Sands Corp. (NYSE:LVS) Shares Purchased by Waterfront Wealth Inc.

Waterfront Wealth Inc. boosted its stake in Las Vegas Sands Corp. (NYSE:LVS) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,286 shares of the casino operator’s stock after acquiring an additional 1,093 shares during the period. Waterfront Wealth Inc.’s holdings in Las Vegas Sands were worth $1,299,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in LVS. Janus Henderson Group PLC increased its position in Las Vegas Sands by 159.6% in the 3rd quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator’s stock valued at $459,630,000 after acquiring an additional 5,612,975 shares during the period. ARGA Investment Management LP boosted its holdings in Las Vegas Sands by 32.0% in the 4th quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator’s stock valued at $333,911,000 after purchasing an additional 1,577,042 shares in the last quarter. Suvretta Capital Management LLC purchased a new stake in Las Vegas Sands in the 3rd quarter valued at approximately $24,370,000. Bamco Inc. NY boosted its holdings in Las Vegas Sands by 29.2% in the 3rd quarter. Bamco Inc. NY now owns 1,581,075 shares of the casino operator’s stock valued at $79,591,000 after purchasing an additional 357,234 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in Las Vegas Sands by 82.2% in the 3rd quarter. Raymond James & Associates now owns 499,852 shares of the casino operator’s stock valued at $25,163,000 after purchasing an additional 225,510 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Trading Up 2.1 %

Shares of LVS opened at $44.98 on Friday. The stock has a fifty day moving average of $46.96 and a two-hundred day moving average of $47.02. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 0.74. The company has a market capitalization of $32.20 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 1.38 and a beta of 1.08. Las Vegas Sands Corp. has a fifty-two week low of $36.62 and a fifty-two week high of $56.60.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a net margin of 12.80% and a return on equity of 45.82%. As a group, analysts forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.22%. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, February 10th. Las Vegas Sands’s dividend payout ratio is presently 50.76%.

Insider Transactions at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 60,187 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $53.02, for a total transaction of $3,191,114.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on LVS shares. Morgan Stanley reaffirmed an “equal weight” rating and issued a $51.00 price objective (down previously from $54.00) on shares of Las Vegas Sands in a report on Tuesday, January 14th. Jefferies Financial Group raised Las Vegas Sands from a “hold” rating to a “buy” rating and boosted their price target for the stock from $60.00 to $69.00 in a research note on Friday, January 3rd. JPMorgan Chase & Co. decreased their price target on Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Macquarie boosted their price target on Las Vegas Sands from $57.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Finally, Citigroup boosted their price target on Las Vegas Sands from $64.50 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.58.

Las Vegas Sands Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People’s Republic of China; and Marina Bay Sands in Singapore.