Las Vegas Sands Corp. (NYSE:LVS) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 7.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,587 shares of the casino operator’s stock after purchasing an additional 4,968 shares during the period. Mackenzie Financial Corp’s holdings in Las Vegas Sands were worth $3,300,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in LVS. Bank & Trust Co acquired a new position in shares of Las Vegas Sands in the second quarter valued at approximately $29,000. Accent Capital Management LLC purchased a new position in Las Vegas Sands in the fourth quarter worth approximately $39,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake 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 worth $40,000 after acquiring an additional 437 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in Las Vegas Sands in the first quarter worth approximately $43,000. Finally, Parallel Advisors LLC lifted its stake in Las Vegas Sands by 54.8% in the fourth quarter. Parallel Advisors LLC now owns 1,008 shares of the casino operator’s stock worth $50,000 after acquiring an additional 357 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

Shares of LVS opened at $51.83 on Wednesday. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.57 and a current ratio of 1.58. The stock has a market capitalization of $38.62 billion, a P/E ratio of 25.04, a P/E/G ratio of 1.20 and a beta of 1.11. The company’s fifty day moving average is $40.84 and its two-hundred day moving average is $44.32. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 year high of $55.65.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01). The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.82 billion. Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 earnings per share. On average, sell-side analysts predict that Las Vegas Sands Corp. will post 2.45 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th were paid a $0.20 dividend. The ex-dividend date was Tuesday, August 6th. This represents a $0.80 annualized dividend and a yield of 1.54%. Las Vegas Sands’s dividend payout ratio is currently 38.65%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LVS. Jefferies Financial Group decreased their price target on shares of Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. Stifel Nicolaus decreased their price target on shares of Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Wells Fargo & Company boosted their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday. Barclays reduced their price objective on shares of Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $55.83.

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.