Bleakley Financial Group LLC Grows Stock Position in Las Vegas Sands Corp. $LVS

Bleakley Financial Group LLC increased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 28.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,457 shares of the casino operator’s stock after acquiring an additional 5,813 shares during the period. Bleakley Financial Group LLC’s holdings in Las Vegas Sands were worth $1,151,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LVS. Oppenheimer & Co. Inc. grew its holdings in Las Vegas Sands by 54.5% during the first quarter. Oppenheimer & Co. Inc. now owns 10,047 shares of the casino operator’s stock worth $388,000 after acquiring an additional 3,542 shares during the period. Asset Management One Co. Ltd. grew its holdings in Las Vegas Sands by 8.9% during the first quarter. Asset Management One Co. Ltd. now owns 150,120 shares of the casino operator’s stock worth $5,799,000 after acquiring an additional 12,251 shares during the period. Golden State Wealth Management LLC grew its holdings in Las Vegas Sands by 103.2% during the first quarter. Golden State Wealth Management LLC now owns 3,587 shares of the casino operator’s stock worth $139,000 after acquiring an additional 1,822 shares during the period. Achmea Investment Management B.V. grew its holdings in Las Vegas Sands by 55.4% during the first quarter. Achmea Investment Management B.V. now owns 31,411 shares of the casino operator’s stock worth $1,213,000 after acquiring an additional 11,197 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Las Vegas Sands by 18.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,005 shares of the casino operator’s stock worth $1,489,000 after acquiring an additional 6,057 shares during the period. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Stock Up 1.2%

Shares of NYSE:LVS opened at $57.55 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.22 and a debt-to-equity ratio of 6.53. Las Vegas Sands Corp. has a 52-week low of $30.18 and a 52-week high of $58.29. The stock’s fifty day simple moving average is $53.36 and its 200-day simple moving average is $46.84. The company has a market capitalization of $39.51 billion, a P/E ratio of 26.04, a P/E/G ratio of 2.04 and a beta of 1.01.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.16. Las Vegas Sands had a return on equity of 66.94% and a net margin of 12.69%.The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the prior year, the business earned $0.44 earnings per share. The business’s revenue was up 24.2% on a year-over-year basis. As a group, equities research analysts forecast that Las Vegas Sands Corp. will post 2.6 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 12th. Stockholders of record on Tuesday, November 4th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, November 4th. Las Vegas Sands’s dividend payout ratio is currently 45.25%.

Analyst Ratings Changes

LVS has been the topic of a number of recent analyst reports. Morgan Stanley upped their price objective on Las Vegas Sands from $50.00 to $57.00 and gave the stock an “equal weight” rating in a report on Thursday, September 11th. The Goldman Sachs Group raised their price target on Las Vegas Sands from $57.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. raised their price target on Las Vegas Sands from $60.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday. Wall Street Zen upgraded Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Sunday, September 7th. Finally, Argus raised their price target on Las Vegas Sands from $60.00 to $65.00 in a research report on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Las Vegas Sands presently has an average rating of “Moderate Buy” and an average target price of $63.73.

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.