Belpointe Asset Management LLC Purchases 537 Shares of Las Vegas Sands Corp. $LVS

Belpointe Asset Management LLC increased its position in Las Vegas Sands Corp. (NYSE:LVS) by 3.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,006 shares of the casino operator’s stock after acquiring an additional 537 shares during the quarter. Belpointe Asset Management LLC’s holdings in Las Vegas Sands were worth $580,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Las Vegas Sands by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 41,249,208 shares of the casino operator’s stock worth $1,593,457,000 after purchasing an additional 2,267,307 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Las Vegas Sands by 3.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,722,816 shares of the casino operator’s stock worth $607,373,000 after purchasing an additional 592,321 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Las Vegas Sands by 6.5% during the 1st quarter. Bank of New York Mellon Corp now owns 12,415,492 shares of the casino operator’s stock worth $479,610,000 after purchasing an additional 752,944 shares during the period. Invesco Ltd. increased its holdings in shares of Las Vegas Sands by 9.1% during the 1st quarter. Invesco Ltd. now owns 9,442,798 shares of the casino operator’s stock worth $364,775,000 after purchasing an additional 790,952 shares during the period. Finally, ARGA Investment Management LP increased its holdings in shares of Las Vegas Sands by 12.9% during the 1st quarter. ARGA Investment Management LP now owns 7,342,577 shares of the casino operator’s stock worth $283,644,000 after purchasing an additional 841,195 shares during the period. Institutional investors own 39.16% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on LVS shares. UBS Group boosted their price objective on shares of Las Vegas Sands from $55.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Morgan Stanley boosted their price objective on shares of Las Vegas Sands from $50.00 to $57.00 and gave the stock an “equal weight” rating in a report on Thursday. Citigroup restated a “buy” rating on shares of Las Vegas Sands in a report on Wednesday, July 9th. JPMorgan Chase & Co. lifted their target price on shares of Las Vegas Sands from $47.00 to $56.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Finally, Mizuho lifted their target price on shares of Las Vegas Sands from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.47.

Las Vegas Sands Price Performance

NYSE:LVS opened at $53.53 on Friday. The firm has a market cap of $36.75 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 1.99 and a beta of 1.04. Las Vegas Sands Corp. has a 12 month low of $30.18 and a 12 month high of $58.05. The company has a quick ratio of 1.21, a current ratio of 1.22 and a debt-to-equity ratio of 6.53. The company’s 50-day moving average price is $52.79 and its two-hundred day moving average price is $44.51.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, July 23rd. The casino operator reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.26. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $2.83 billion. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 earnings per share. On average, equities analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Tuesday, August 5th were given a $0.25 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. Las Vegas Sands’s payout ratio is 50.51%.

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.