Las Vegas Sands Corp. (NYSE:LVS) Holdings Raised by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC grew its position in Las Vegas Sands Corp. (NYSE:LVS) by 30.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,275 shares of the casino operator’s stock after acquiring an additional 1,000 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Las Vegas Sands were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Empowered Funds LLC grew its stake in Las Vegas Sands by 3.6% during the 3rd quarter. Empowered Funds LLC now owns 6,050 shares of the casino operator’s stock worth $305,000 after buying an additional 213 shares during the last quarter. Raymond James Trust N.A. grew its stake in shares of Las Vegas Sands by 4.7% in the third quarter. Raymond James Trust N.A. now owns 5,062 shares of the casino operator’s stock worth $255,000 after purchasing an additional 229 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Las Vegas Sands by 3.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 6,505 shares of the casino operator’s stock worth $334,000 after purchasing an additional 231 shares in the last quarter. Wilmington Savings Fund Society FSB grew its stake in shares of Las Vegas Sands by 45.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 760 shares of the casino operator’s stock worth $39,000 after purchasing an additional 238 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Las Vegas Sands by 73.5% in the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock worth $30,000 after purchasing an additional 247 shares in the last quarter. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Stock Performance

LVS stock opened at $43.11 on Friday. The business’s 50-day moving average price is $44.64 and its two-hundred day moving average price is $47.54. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. The firm has a market cap of $30.87 billion, a PE ratio of 21.88, a P/E/G ratio of 1.41 and a beta of 1.07. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $56.61.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data 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 return on equity of 45.82% and a net margin of 12.80%. As a group, research analysts forecast that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 2.32%. Las Vegas Sands’s dividend payout ratio is 50.76%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LVS. Jefferies Financial Group upgraded Las Vegas Sands from a “hold” rating to a “buy” rating and upped their price objective for the company from $60.00 to $69.00 in a report on Friday, January 3rd. Morgan Stanley cut their price objective on Las Vegas Sands from $51.00 to $49.00 and set an “equal weight” rating for the company in a report on Monday, February 24th. Wells Fargo & Company reduced their target price on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. JPMorgan Chase & Co. reduced their target price on Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Finally, Citigroup increased their price objective 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 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 currently has an average rating of “Moderate Buy” and a consensus target price of $59.42.

Las Vegas Sands Company 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.