Empowered Funds LLC Has $10.59 Million Stock Position in Las Vegas Sands Corp. $LVS

Empowered Funds LLC increased its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 2,260.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 196,482 shares of the casino operator’s stock after acquiring an additional 188,158 shares during the quarter. Empowered Funds LLC’s holdings in Las Vegas Sands were worth $10,586,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Las Vegas Sands by 8.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock valued at $1,207,000 after purchasing an additional 2,418 shares during the period. Woodline Partners LP increased its holdings in shares of Las Vegas Sands by 38.9% during the 1st quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock worth $1,122,000 after purchasing an additional 8,132 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Las Vegas Sands by 91.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator’s stock valued at $93,000 after buying an additional 1,027 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in shares of Las Vegas Sands during the second quarter valued at about $414,000. Finally, Cerity Partners LLC lifted its stake in shares of Las Vegas Sands by 70.0% in the second quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock valued at $766,000 after buying an additional 7,243 shares during the period. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Las Vegas Sands Stock Performance

NYSE LVS opened at $49.86 on Friday. Las Vegas Sands Corp. has a twelve month low of $44.21 and a twelve month high of $70.45. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 15.27. The stock has a market cap of $32.29 billion, a P/E ratio of 19.40, a PEG ratio of 1.27 and a beta of 0.83. The company’s 50-day simple moving average is $48.14 and its 200 day simple moving average is $52.78.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, July 22nd. The casino operator reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.31 billion. Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 EPS. As a group, research analysts forecast that Las Vegas Sands Corp. will post 3.13 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, August 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.4%. Las Vegas Sands’s dividend payout ratio is presently 46.69%.

Analyst Ratings Changes

LVS has been the topic of a number of recent research reports. The Goldman Sachs Group decreased their target price on Las Vegas Sands from $63.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. HSBC upped their price target on Las Vegas Sands from $73.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Bank of America decreased their price objective on Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Zacks Research lowered Las Vegas Sands from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $61.88.

Las Vegas Sands 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.