Dakota Wealth Management raised its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 131.5% during the 3rd quarter, Holdings Channel reports. The firm owned 8,103 shares of the casino operator’s stock after acquiring an additional 4,603 shares during the quarter. Dakota Wealth Management’s holdings in Las Vegas Sands were worth $481,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Andra AP fonden boosted its stake in Las Vegas Sands by 7.8% during the 2nd quarter. Andra AP fonden now owns 113,000 shares of the casino operator’s stock valued at $8,629,000 after purchasing an additional 8,200 shares during the last quarter. NN Investment Partners Holdings N.V. boosted its stake in Las Vegas Sands by 26.7% during the 3rd quarter. NN Investment Partners Holdings N.V. now owns 1,101,491 shares of the casino operator’s stock valued at $65,350,000 after purchasing an additional 232,106 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in Las Vegas Sands by 2.7% during the 2nd quarter. Great West Life Assurance Co. Can now owns 264,157 shares of the casino operator’s stock valued at $20,176,000 after purchasing an additional 7,011 shares during the last quarter. Bruderman Asset Management LLC purchased a new stake in Las Vegas Sands during the 2nd quarter valued at $2,004,000. Finally, Zacks Investment Management purchased a new stake in Las Vegas Sands during the 2nd quarter valued at $202,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

In other news, EVP Lawrence A. Jacobs sold 66,667 shares of the firm’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $60.95, for a total value of $4,063,353.65. Following the transaction, the executive vice president now directly owns 66,667 shares in the company, valued at approximately $4,063,353.65. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 10.20% of the company’s stock.

Several analysts have commented on the company. Stifel Nicolaus cut their target price on Las Vegas Sands from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Thursday, July 26th. Goldman Sachs Group downgraded Las Vegas Sands from a “conviction-buy” rating to a “buy” rating in a research note on Friday, October 19th. Nomura cut their target price on Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, October 25th. Zacks Investment Research upgraded Las Vegas Sands from a “strong sell” rating to a “hold” rating in a research note on Monday, October 29th. Finally, Morgan Stanley dropped their price target on Las Vegas Sands from $86.00 to $85.00 and set an “overweight” rating on the stock in a research note on Thursday, July 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $73.50.

LVS stock opened at $51.55 on Wednesday. The firm has a market capitalization of $40.82 billion, a PE ratio of 16.96 and a beta of 1.59. Las Vegas Sands Corp. has a 1 year low of $49.28 and a 1 year high of $81.45. The company has a current ratio of 1.93, a quick ratio of 1.92 and a debt-to-equity ratio of 1.52.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, October 24th. The casino operator reported $0.77 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.04). The firm had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Las Vegas Sands had a return on equity of 34.18% and a net margin of 27.71%. On average, equities research analysts expect that Las Vegas Sands Corp. will post 3.4 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Tuesday, December 18th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Monday, December 17th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 5.82%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 98.68%.

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Las Vegas Sands Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

See Also: Cost of Capital Explained

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Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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