Pekin Hardy Strauss Inc. Raises Stock Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Pekin Hardy Strauss Inc. raised its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 104.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,170 shares of the casino operator’s stock after purchasing an additional 9,300 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Las Vegas Sands were worth $804,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of LVS. Bank & Trust Co acquired a new stake in shares of Las Vegas Sands during the second quarter worth approximately $29,000. Accent Capital Management LLC bought a new position in Las Vegas Sands during the 4th quarter valued at $39,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Las Vegas Sands by 93.2% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock worth $40,000 after acquiring an additional 437 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Las Vegas Sands in the 1st quarter worth about $43,000. Finally, Parallel Advisors LLC raised its stake in shares of Las Vegas Sands by 54.8% in the 4th quarter. Parallel Advisors LLC now owns 1,008 shares of the casino operator’s stock valued at $50,000 after purchasing an additional 357 shares in the last quarter. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Las Vegas Sands Stock Performance

Shares of NYSE LVS opened at $41.40 on Wednesday. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $55.65. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 3.29. The company has a market cap of $30.84 billion, a PE ratio of 20.00, a P/E/G ratio of 1.12 and a beta of 1.11. The stock has a 50 day simple moving average of $40.05 and a 200-day simple moving average of $44.74.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01). Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the previous year, the company posted $0.46 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts forecast that Las Vegas Sands Corp. will post 2.46 EPS for the current year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.93%. Las Vegas Sands’s dividend payout ratio (DPR) is 38.65%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Susquehanna decreased their price target on Las Vegas Sands from $59.00 to $51.00 and set a “positive” rating for the company in a research note on Thursday, July 25th. Argus downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Jefferies Financial Group reduced their price objective on Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. Wells Fargo & Company lowered their target price on shares of Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Finally, Stifel Nicolaus reduced their price target on shares of Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $55.25.

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.