United Asset Strategies Inc. Takes Position in Las Vegas Sands Corp. (NYSE:LVS)

United Asset Strategies Inc. purchased a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 5,874 shares of the casino operator’s stock, valued at approximately $296,000.

A number of other institutional investors have also recently made changes to their positions in the stock. State of Alaska Department of Revenue boosted its holdings in shares of Las Vegas Sands by 2.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 41,060 shares of the casino operator’s stock valued at $2,066,000 after acquiring an additional 995 shares during the last quarter. Forsta AP Fonden boosted its holdings in shares of Las Vegas Sands by 9.0% in the third quarter. Forsta AP Fonden now owns 205,500 shares of the casino operator’s stock worth $10,345,000 after buying an additional 17,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Las Vegas Sands by 42.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,916 shares of the casino operator’s stock worth $1,274,000 after buying an additional 7,423 shares during the last quarter. Osborne Partners Capital Management LLC boosted its holdings in shares of Las Vegas Sands by 5.4% in the third quarter. Osborne Partners Capital Management LLC now owns 103,041 shares of the casino operator’s stock worth $5,187,000 after buying an additional 5,321 shares during the last quarter. Finally, Mediolanum International Funds Ltd purchased a new position in shares of Las Vegas Sands in the third quarter worth approximately $1,391,000. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Insider Buying and Selling

In related news, CEO Robert G. Goldstein sold 119,221 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total value of $6,405,744.33. Following the sale, the chief executive officer now owns 84,511 shares in the company, valued at approximately $4,540,776.03. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.91% of the stock is currently owned by company insiders.

Analyst Ratings Changes

LVS has been the topic of a number of research reports. Stifel Nicolaus raised their price objective on shares of Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Macquarie dropped their price objective on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Barclays raised their price objective on shares of Las Vegas Sands from $52.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. StockNews.com downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, Mizuho raised their price objective on shares of Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Las Vegas Sands currently has an average rating of “Moderate Buy” and an average target price of $57.92.

Las Vegas Sands Trading Down 2.0 %

Las Vegas Sands stock opened at $51.85 on Friday. The stock has a market cap of $37.59 billion, a P/E ratio of 25.67, a PEG ratio of 1.39 and a beta of 1.12. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 1.57. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 year high of $55.65. The firm’s 50 day moving average price is $46.38 and its 200-day moving average price is $44.49.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.09). The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.79 billion. Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 EPS. On average, equities analysts predict that Las Vegas Sands Corp. will post 2.35 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Monday, November 4th. Las Vegas Sands’s payout ratio is currently 39.60%.

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.