Ballentine Partners LLC Invests $236,000 in Las Vegas Sands Corp. (NYSE:LVS)

Ballentine Partners LLC purchased a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,693 shares of the casino operator’s stock, valued at approximately $236,000.

Several other large investors have also recently bought and sold shares of LVS. CVA Family Office LLC grew its holdings in Las Vegas Sands by 118.8% in the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after purchasing an additional 304 shares during the last quarter. Bank & Trust Co acquired a new stake in Las Vegas Sands in the 2nd quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Las Vegas Sands by 93.2% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock worth $40,000 after buying an additional 437 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in Las Vegas Sands in the 1st quarter worth about $43,000. Finally, GAMMA Investing LLC raised its holdings in shares of Las Vegas Sands by 40.1% in the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after purchasing an additional 243 shares during the period. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Price Performance

Shares of Las Vegas Sands stock opened at $53.39 on Wednesday. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $55.65. The firm has a fifty day simple moving average of $45.94 and a 200-day simple moving average of $44.38. The stock has a market capitalization of $39.32 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 1.49 and a beta of 1.12. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 3.29.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same period last year, the firm posted $0.55 EPS. The company’s revenue was down 4.0% compared to the same quarter last year. On average, sell-side analysts expect that Las Vegas Sands Corp. will post 2.45 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.50%. The ex-dividend date is Monday, November 4th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 39.60%.

Analyst Upgrades and Downgrades

LVS has been the topic of several analyst reports. Argus downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Wells Fargo & Company raised 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 1st. Jefferies Financial Group cut their price objective on shares of Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. 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, Stifel Nicolaus lifted their price objective on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $57.92.

About Las Vegas Sands

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.