Las Vegas Sands Corp. $LVS Shares Sold by TriaGen Wealth Management LLC

TriaGen Wealth Management LLC decreased its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,500 shares of the casino operator’s stock after selling 400 shares during the quarter. TriaGen Wealth Management LLC’s holdings in Las Vegas Sands were worth $1,110,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Nuveen LLC purchased a new position in Las Vegas Sands during the first quarter worth approximately $183,836,000. Vanguard Group Inc. grew its stake in shares of Las Vegas Sands by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 41,249,208 shares of the casino operator’s stock valued at $1,593,457,000 after buying an additional 2,267,307 shares during the period. ARGA Investment Management LP increased its holdings in shares of Las Vegas Sands by 12.9% during the 1st quarter. ARGA Investment Management LP now owns 7,342,577 shares of the casino operator’s stock worth $283,644,000 after buying an additional 841,195 shares during the last quarter. Invesco Ltd. boosted its holdings in Las Vegas Sands by 9.1% in the first quarter. Invesco Ltd. now owns 9,442,798 shares of the casino operator’s stock valued at $364,775,000 after acquiring an additional 790,952 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Las Vegas Sands by 6.5% in the first quarter. Bank of New York Mellon Corp now owns 12,415,492 shares of the casino operator’s stock valued at $479,610,000 after acquiring an additional 752,944 shares during the last quarter. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Las Vegas Sands Price Performance

LVS opened at $52.31 on Tuesday. Las Vegas Sands Corp. has a twelve month low of $30.18 and a twelve month high of $58.05. The firm has a market cap of $35.91 billion, a price-to-earnings ratio of 26.42, a PEG ratio of 1.84 and a beta of 1.01. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 6.53. The company has a fifty day simple moving average of $53.94 and a 200 day simple moving average of $45.54.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, July 23rd. The casino operator reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.26. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $2.83 billion. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The firm’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 EPS. Equities research analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Investors of record on Tuesday, August 5th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. Las Vegas Sands’s dividend payout ratio is currently 50.51%.

Analyst Upgrades and Downgrades

LVS has been the subject of several research analyst reports. Wall Street Zen upgraded Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Sunday, September 7th. JPMorgan Chase & Co. lifted their price objective on Las Vegas Sands from $47.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Macquarie increased their target price on shares of Las Vegas Sands from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Morgan Stanley raised their price target on shares of Las Vegas Sands from $50.00 to $57.00 and gave the company an “equal weight” rating in a report on Thursday, September 11th. Finally, Bank of America lifted their price target on shares of Las Vegas Sands from $52.50 to $58.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $60.20.

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.