UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,659,427 shares of the casino operator’s stock after buying an additional 57,739 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.37% of Las Vegas Sands worth $133,876,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. CVA Family Office LLC raised its holdings in shares of Las Vegas Sands by 118.8% in the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after purchasing an additional 304 shares during the period. Bank & Trust Co acquired a new position in Las Vegas Sands during the second quarter valued at approximately $29,000. Ashton Thomas Securities LLC purchased a new stake in Las Vegas Sands during the third quarter worth approximately $34,000. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Las Vegas Sands by 93.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock worth $40,000 after acquiring an additional 437 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Las Vegas Sands by 40.1% in the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after acquiring an additional 243 shares during the period. 39.16% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Price Performance

Shares of LVS stock opened at $53.06 on Monday. The firm has a fifty day moving average of $50.77 and a two-hundred day moving average of $45.01. The firm has a market cap of $38.47 billion, a P/E ratio of 26.27, a P/E/G ratio of 1.40 and a beta of 1.11. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $55.65. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the prior year, the firm earned $0.55 earnings per share. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. As a group, research analysts anticipate that Las Vegas Sands Corp. will post 2.33 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio is presently 39.60%.

Insider Buying and Selling at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 24,324 shares of Las Vegas Sands stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $52.00, for a total value of $1,264,848.00. Following the completion of the transaction, the chief executive officer now directly owns 60,187 shares of the company’s stock, valued at approximately $3,129,724. The trade was a 28.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.91% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LVS shares. Susquehanna upped their price target on shares of Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. raised their target price on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Barclays upped their price target on Las Vegas Sands from $52.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Finally, UBS Group upped their target price on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $58.00.

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.