Leo Wealth LLC Purchases 2,820 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Leo Wealth LLC lifted its position in Las Vegas Sands Corp. (NYSE:LVS) by 18.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,397 shares of the casino operator’s stock after buying an additional 2,820 shares during the period. Leo Wealth LLC’s holdings in Las Vegas Sands were worth $926,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Las Vegas Sands by 0.6% in the first quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator’s stock worth $1,918,472,000 after buying an additional 209,589 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Las Vegas Sands by 1.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 32,170,552 shares of the casino operator’s stock valued at $1,663,219,000 after purchasing an additional 531,799 shares during the period. Bank of New York Mellon Corp lifted its position in Las Vegas Sands by 15.7% during the second quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock valued at $502,307,000 after purchasing an additional 1,536,754 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Las Vegas Sands by 0.8% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,500,248 shares of the casino operator’s stock valued at $376,136,000 after purchasing an additional 68,568 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in Las Vegas Sands by 987.0% during the second quarter. The Manufacturers Life Insurance Company now owns 5,549,615 shares of the casino operator’s stock valued at $245,570,000 after purchasing an additional 5,039,072 shares during the period. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Price Performance

Shares of NYSE LVS traded up $0.59 during midday trading on Tuesday, reaching $51.76. The stock had a trading volume of 2,180,766 shares, compared to its average volume of 5,757,256. The stock has a 50-day moving average of $44.46 and a 200-day moving average of $44.36. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.57 and a current ratio of 1.58. The company has a market capitalization of $38.56 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 1.48 and a beta of 1.12. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $55.65.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 earnings per share. As a group, research analysts anticipate that Las Vegas Sands Corp. will post 2.45 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 1.55%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 38.65%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LVS. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Wells Fargo & Company increased their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Susquehanna increased their price objective on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research report on Wednesday, October 16th. StockNews.com downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. increased their price target on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $57.83.

Las Vegas Sands 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.