Waterfront Wealth Inc. Has $1.86 Million Stake in Las Vegas Sands Corp. $LVS

Waterfront Wealth Inc. raised its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 45.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 34,465 shares of the casino operator’s stock after acquiring an additional 10,824 shares during the quarter. Waterfront Wealth Inc.’s holdings in Las Vegas Sands were worth $1,857,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Grove Bank & Trust bought a new stake in shares of Las Vegas Sands during the 4th quarter worth about $26,000. International Assets Investment Management LLC bought a new position in shares of Las Vegas Sands in the 4th quarter valued at approximately $26,000. DV Equities LLC acquired a new stake in Las Vegas Sands in the 4th quarter worth approximately $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in Las Vegas Sands in the 4th quarter worth approximately $29,000. Finally, Wilmington Savings Fund Society FSB boosted its position in Las Vegas Sands by 254.8% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock worth $36,000 after purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

LVS opened at $46.45 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 8.64. The stock’s 50 day moving average price is $49.75 and its two-hundred day moving average price is $54.69. The firm has a market capitalization of $30.78 billion, a P/E ratio of 17.20, a price-to-earnings-growth ratio of 1.05 and a beta of 0.83. Las Vegas Sands Corp. has a 12-month low of $45.12 and a 12-month high of $70.45.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, April 22nd. The casino operator reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.15. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The company had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period in the previous year, the company earned $0.59 earnings per share. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. On average, equities analysts forecast that Las Vegas Sands Corp. will post 3.38 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. Las Vegas Sands’s payout ratio is 44.44%.

Wall Street Analyst Weigh In

LVS has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on Las Vegas Sands from $77.00 to $73.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Seaport Research Partners reduced their price objective on shares of Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. HSBC upped their price objective on shares of Las Vegas Sands from $73.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. UBS Group set a $52.00 target price on shares of Las Vegas Sands in a report on Thursday, July 2nd. Finally, Morgan Stanley boosted their target price on shares of Las Vegas Sands from $67.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus target price of $67.16.

Las Vegas Sands Company 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.