Corient Private Wealth LLC Has $1.46 Million Stake in Las Vegas Sands Corp. (NYSE:LVS)

Corient Private Wealth LLC trimmed its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 19.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,324 shares of the casino operator’s stock after selling 6,637 shares during the period. Corient Private Wealth LLC’s holdings in Las Vegas Sands were worth $1,455,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Empowered Funds LLC raised its position in shares of Las Vegas Sands by 3.6% during the 3rd quarter. Empowered Funds LLC now owns 6,050 shares of the casino operator’s stock valued at $305,000 after acquiring an additional 213 shares during the last quarter. Raymond James Trust N.A. lifted its stake in Las Vegas Sands by 4.7% in the third quarter. Raymond James Trust N.A. now owns 5,062 shares of the casino operator’s stock valued at $255,000 after buying an additional 229 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in Las Vegas Sands by 3.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 6,505 shares of the casino operator’s stock worth $334,000 after buying an additional 231 shares during the last quarter. Wilmington Savings Fund Society FSB grew its position in shares of Las Vegas Sands by 45.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 760 shares of the casino operator’s stock worth $39,000 after buying an additional 238 shares during the period. Finally, UMB Bank n.a. grew its position in shares of Las Vegas Sands by 73.5% during the 4th quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock worth $30,000 after buying an additional 247 shares during the period. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Las Vegas Sands Trading Down 3.1 %

NYSE LVS opened at $40.21 on Wednesday. The stock has a market capitalization of $28.79 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 1.41 and a beta of 1.07. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $56.61. The stock’s 50 day moving average price is $43.83 and its two-hundred day moving average price is $47.81. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 0.74.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. As a group, analysts anticipate that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.49%. The ex-dividend date was Monday, February 10th. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.20. Las Vegas Sands’s dividend payout ratio is presently 50.76%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LVS. JPMorgan Chase & Co. reduced their price objective on shares of Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Wells Fargo & Company decreased their price target on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Citigroup raised their price objective on Las Vegas Sands from $64.50 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Macquarie boosted their target price on Las Vegas Sands from $57.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley dropped their price target on Las Vegas Sands from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Monday, February 24th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.42.

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.