Sequoia Financial Advisors LLC Reduces Position in Las Vegas Sands Corp. (NYSE:LVS)

Sequoia Financial Advisors LLC reduced its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 7.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,502 shares of the casino operator’s stock after selling 368 shares during the period. Sequoia Financial Advisors LLC’s holdings in Las Vegas Sands were worth $227,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CVA Family Office LLC lifted its holdings in Las Vegas Sands by 118.8% during the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after buying an additional 304 shares during the last quarter. Bank & Trust Co purchased a new stake in Las Vegas Sands during the second quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Las Vegas Sands by 93.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock valued at $40,000 after purchasing an additional 437 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in Las Vegas Sands in the first quarter valued at approximately $43,000. Finally, GAMMA Investing LLC increased its stake in Las Vegas Sands by 40.1% in the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after purchasing an additional 243 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Wall Street Analyst Weigh In

LVS has been the subject of several research analyst reports. Macquarie lowered their target price on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Susquehanna raised their price objective on Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a report on Wednesday, October 16th. Wells Fargo & Company boosted their target price on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Morgan Stanley raised their price target on Las Vegas Sands from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Finally, Mizuho boosted their price objective on Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Las Vegas Sands currently has an average rating of “Moderate Buy” and an average price target of $57.92.

Las Vegas Sands Trading Down 0.4 %

NYSE LVS opened at $53.39 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 3.29. The stock has a market capitalization of $39.32 billion, a P/E ratio of 26.43, a P/E/G ratio of 1.49 and a beta of 1.12. Las Vegas Sands Corp. has a 52-week low of $36.62 and a 52-week high of $55.65. The firm has a 50-day moving average price of $45.94 and a 200 day moving average price of $44.38.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.09). Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same period in the prior year, the business earned $0.55 earnings per share. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. Equities research analysts expect that Las Vegas Sands Corp. will post 2.45 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.50%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 39.60%.

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.