Talon Private Wealth LLC Takes $963,000 Position in Las Vegas Sands Corp. $LVS

Talon Private Wealth LLC bought a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) in the 1st quarter, Holdings Channel.com reports. The firm bought 17,869 shares of the casino operator’s stock, valued at approximately $963,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Las Vegas Sands by 8.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock worth $1,207,000 after purchasing an additional 2,418 shares during the last quarter. Woodline Partners LP raised its holdings in Las Vegas Sands by 38.9% during the 1st quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock valued at $1,122,000 after buying an additional 8,132 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Las Vegas Sands by 91.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator’s stock valued at $93,000 after buying an additional 1,027 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in Las Vegas Sands during the 2nd quarter valued at $414,000. Finally, Cerity Partners LLC boosted its position in Las Vegas Sands by 70.0% during the 2nd quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock valued at $766,000 after buying an additional 7,243 shares during the period. 39.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LVS shares. Wells Fargo & Company cut their price target on shares of Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 14th. Citigroup lowered their price objective on shares of Las Vegas Sands from $78.50 to $73.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $62.00 target price (down from $73.00) on shares of Las Vegas Sands in a research note on Thursday, July 23rd. Susquehanna lowered their price target on Las Vegas Sands from $64.00 to $63.00 and set a “positive” rating for the company in a research report on Wednesday, July 22nd. Finally, Morgan Stanley dropped their price objective on Las Vegas Sands from $68.00 to $61.00 and set an “equal weight” rating for the company in a report on Monday. Eleven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $61.88.

Las Vegas Sands Stock Up 1.1%

Shares of NYSE:LVS opened at $48.26 on Wednesday. The firm has a market capitalization of $31.26 billion, a P/E ratio of 18.78, a P/E/G ratio of 1.25 and a beta of 0.83. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.91 and a current ratio of 1.00. The stock has a 50 day moving average price of $48.15 and a 200-day moving average price of $52.93. Las Vegas Sands Corp. has a 52-week low of $44.21 and a 52-week high of $70.45.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.17). The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.31 billion. Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.66 earnings per share. As a group, equities research analysts anticipate that Las Vegas Sands Corp. will post 3.13 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, August 4th. This represents a $1.20 annualized dividend and a yield of 2.5%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 46.69%.

Las Vegas Sands Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.