HB Wealth Management LLC Has $272,000 Stock Position in Las Vegas Sands Corp. $LVS

HB Wealth Management LLC lessened its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 15.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,251 shares of the casino operator’s stock after selling 1,147 shares during the quarter. HB Wealth Management LLC’s holdings in Las Vegas Sands were worth $272,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Achmea Investment Management B.V. raised its stake in Las Vegas Sands by 55.4% during the 1st quarter. Achmea Investment Management B.V. now owns 31,411 shares of the casino operator’s stock worth $1,213,000 after buying an additional 11,197 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Las Vegas Sands by 18.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,005 shares of the casino operator’s stock valued at $1,489,000 after purchasing an additional 6,057 shares during the period. American Century Companies Inc. raised its stake in shares of Las Vegas Sands by 69.3% in the 1st quarter. American Century Companies Inc. now owns 567,101 shares of the casino operator’s stock valued at $21,907,000 after purchasing an additional 232,091 shares during the period. Northern Trust Corp raised its stake in shares of Las Vegas Sands by 0.4% in the 1st quarter. Northern Trust Corp now owns 3,101,190 shares of the casino operator’s stock valued at $119,799,000 after purchasing an additional 12,593 shares during the period. Finally, Ground Swell Capital LLC acquired a new stake in shares of Las Vegas Sands in the 1st quarter valued at about $225,000. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Stock Up 2.6%

NYSE LVS opened at $52.31 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 6.53. Las Vegas Sands Corp. has a 1-year low of $30.18 and a 1-year high of $58.05. The company has a 50 day moving average of $53.94 and a 200-day moving average of $45.54. The company has a market cap of $35.91 billion, a price-to-earnings ratio of 26.42, a PEG ratio of 1.84 and a beta of 1.01.

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

Las Vegas Sands Announces Dividend

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

Analyst Ratings Changes

Several analysts have issued reports on LVS shares. Argus lifted their price target on Las Vegas Sands from $60.00 to $65.00 in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. lifted their price target on Las Vegas Sands from $47.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Wall Street Zen raised Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Sunday, September 7th. Susquehanna decreased their price objective on Las Vegas Sands from $59.00 to $58.00 and set a “positive” rating for the company in a report on Monday, July 21st. Finally, The Goldman Sachs Group decreased their price objective on Las Vegas Sands from $59.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $60.20.

About Las Vegas Sands

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.