Las Vegas Sands Corp. $LVS Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 46.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 40,468 shares of the casino operator’s stock after acquiring an additional 12,758 shares during the period. Nisa Investment Advisors LLC’s holdings in Las Vegas Sands were worth $1,761,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its position in Las Vegas Sands by 37.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator’s stock worth $38,000 after acquiring an additional 239 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Las Vegas Sands during the 2nd quarter worth approximately $43,000. Hilltop National Bank acquired a new position in Las Vegas Sands during the 2nd quarter worth approximately $44,000. UMB Bank n.a. lifted its position in Las Vegas Sands by 53.8% during the 2nd quarter. UMB Bank n.a. now owns 1,361 shares of the casino operator’s stock worth $59,000 after acquiring an additional 476 shares in the last quarter. Finally, Harbour Investments Inc. lifted its position in Las Vegas Sands by 21.4% during the 2nd quarter. Harbour Investments Inc. now owns 1,401 shares of the casino operator’s stock worth $61,000 after acquiring an additional 247 shares in the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on LVS. Bank of America boosted their price target on Las Vegas Sands from $52.50 to $58.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Barclays lifted their price objective on Las Vegas Sands from $59.00 to $62.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Morgan Stanley lifted their price objective on Las Vegas Sands from $59.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday. Citigroup restated a “buy” rating on shares of Las Vegas Sands in a report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. lifted their price objective on Las Vegas Sands from $60.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.13.

Insider Activity

In other news, CEO Robert G. Goldstein sold 300,000 shares of Las Vegas Sands stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $59.32, for a total value of $17,796,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

Las Vegas Sands Price Performance

LVS stock opened at $58.88 on Friday. The company has a market capitalization of $39.81 billion, a PE ratio of 26.64, a P/E/G ratio of 1.62 and a beta of 1.01. The stock’s 50 day moving average is $53.79 and its two-hundred day moving average is $47.56. The company has a quick ratio of 1.21, a current ratio of 0.89 and a debt-to-equity ratio of 7.42. Las Vegas Sands Corp. has a 52-week low of $30.18 and a 52-week high of $59.66.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results 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. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.04 billion. Las Vegas Sands had a return on equity of 73.14% and a net margin of 12.69%.The business’s revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.44 EPS. Analysts predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Tuesday, November 4th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, November 4th. Las Vegas Sands’s dividend payout ratio is 45.25%.

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.