Las Vegas Sands Corp. $LVS Stake Raised by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 0.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,774,781 shares of the casino operator’s stock after purchasing an additional 13,580 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.27% of Las Vegas Sands worth $67,104,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of LVS. Pension & Wealth Management Advisors Inc. raised its position in Las Vegas Sands by 13.9% during the second quarter. Pension & Wealth Management Advisors Inc. now owns 2,012 shares of the casino operator’s stock valued at $93,000 after purchasing an additional 245 shares during the period. Resona Asset Management Co. Ltd. boosted its holdings in shares of Las Vegas Sands by 0.4% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 92,093 shares of the casino operator’s stock worth $4,921,000 after purchasing an additional 331 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Las Vegas Sands by 73.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 886 shares of the casino operator’s stock worth $48,000 after purchasing an additional 375 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Las Vegas Sands by 1.0% in the 1st quarter. Janus Henderson Group PLC now owns 40,491 shares of the casino operator’s stock worth $2,132,000 after purchasing an additional 397 shares during the period. Finally, Parallel Advisors LLC increased its position in shares of Las Vegas Sands by 7.2% during the 1st quarter. Parallel Advisors LLC now owns 5,988 shares of the casino operator’s stock valued at $323,000 after purchasing an additional 403 shares during the last quarter. Institutional investors own 39.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LVS. Jefferies Financial Group decreased their price target on Las Vegas Sands from $52.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. Bank of America lowered their price target on Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 30th. HC Wainwright lowered shares of Las Vegas Sands to a “neutral” rating in a research note on Thursday, July 30th. Finally, Stifel Nicolaus cut their price objective on shares of Las Vegas Sands from $74.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Eleven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $59.69.

Las Vegas Sands Stock Performance

Shares of Las Vegas Sands stock opened at $37.02 on Thursday. The stock’s fifty day moving average is $42.01 and its two-hundred day moving average is $47.39. The company has a market capitalization of $23.98 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 0.91 and a beta of 0.78. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 15.27. Las Vegas Sands Corp. has a 52 week low of $35.28 and a 52 week high of $70.45.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 EPS. As a group, analysts expect that Las Vegas Sands Corp. will post 3.09 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Tuesday, August 4th. Las Vegas Sands’s dividend payout ratio is currently 46.69%.

Las Vegas Sands Profile

Las Vegas Sands Corp. (NYSE: LVS) is a global developer and operator of integrated resorts that combine casino gaming with hotels, convention and exhibition facilities, retail, dining and entertainment venues. The company’s properties are designed to serve leisure travelers, business visitors and convention groups.

Las Vegas Sands operates major integrated resorts in Macau, including The Venetian Macao, The Parisian Macao, The Londoner Macao and Four Seasons Hotel Macao. In Singapore, it operates Marina Bay Sands, a large resort featuring hotel accommodations, gaming, shopping, dining, entertainment and convention facilities.