Creative Planning Has $2.14 Million Holdings in Las Vegas Sands Corp. $LVS

Creative Planning boosted its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 10.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,093 shares of the casino operator’s stock after acquiring an additional 4,705 shares during the period. Creative Planning’s holdings in Las Vegas Sands were worth $2,136,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Las Vegas Sands by 5.8% during the first quarter. Vanguard Group Inc. now owns 41,249,208 shares of the casino operator’s stock worth $1,593,457,000 after acquiring an additional 2,267,307 shares during the period. Price T Rowe Associates Inc. MD raised its position in 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 last quarter. ARGA Investment Management LP lifted its position in shares of Las Vegas Sands by 36.8% in the 2nd quarter. ARGA Investment Management LP now owns 10,040,975 shares of the casino operator’s stock worth $436,883,000 after purchasing an additional 2,698,398 shares during the period. Invesco Ltd. grew its stake in Las Vegas Sands by 9.1% during the first 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, Geode Capital Management LLC grew its holdings in Las Vegas Sands by 0.4% in the second quarter. Geode Capital Management LLC now owns 8,823,966 shares of the casino operator’s stock worth $382,294,000 after purchasing an additional 31,153 shares during the period. 39.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LVS. Morgan Stanley lifted their price target on Las Vegas Sands from $59.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 28th. Wells Fargo & Company began coverage on shares of Las Vegas Sands in a report on Tuesday, November 18th. They set an “equal weight” rating and a $66.00 price objective on the stock. Mizuho increased their price target on shares of Las Vegas Sands from $56.00 to $63.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Susquehanna boosted their price objective on Las Vegas Sands from $62.00 to $63.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Finally, Zacks Research raised Las Vegas Sands from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Las Vegas Sands has an average rating of “Moderate Buy” and an average price target of $64.60.

Las Vegas Sands Price Performance

NYSE LVS opened at $67.60 on Wednesday. The business’s fifty day moving average price is $57.08 and its 200-day moving average price is $51.34. Las Vegas Sands Corp. has a 1-year low of $30.18 and a 1-year high of $68.15. The company has a debt-to-equity ratio of 7.42, a current ratio of 0.89 and a quick ratio of 1.21. The stock has a market capitalization of $45.71 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 1.62 and a beta of 1.03.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.16. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.04 billion. Las Vegas Sands had a return on equity of 73.14% and a net margin of 12.69%.The firm’s revenue was up 24.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 EPS. On average, equities analysts predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Tuesday, November 4th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, November 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. Las Vegas Sands’s payout ratio is currently 45.25%.

Insider Activity at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 360,000 shares of Las Vegas Sands stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $63.05, for a total transaction of $22,698,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP D. Zachary Hudson sold 100,000 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $64.99, for a total value of $6,499,000.00. Following the transaction, the executive vice president directly owned 13,735 shares in the company, valued at $892,637.65. The trade was a 87.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 2,100,000 shares of company stock worth $126,218,200. Company insiders own 1.20% of the company’s stock.

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.