Golden State Wealth Management LLC Acquires Shares of 1,765 Las Vegas Sands Corp. (NYSE:LVS)

Golden State Wealth Management LLC bought a new position in Las Vegas Sands Corp. (NYSE:LVS) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 1,765 shares of the casino operator’s stock, valued at approximately $91,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC lifted its position in Las Vegas Sands by 159.6% in the third quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator’s stock worth $459,630,000 after buying an additional 5,612,975 shares during the last quarter. ARGA Investment Management LP raised its stake in shares of Las Vegas Sands by 32.0% in the fourth quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator’s stock valued at $333,911,000 after acquiring an additional 1,577,042 shares during the period. Suvretta Capital Management LLC bought a new stake in shares of Las Vegas Sands in the 3rd quarter worth about $24,370,000. Bamco Inc. NY boosted its stake in shares of Las Vegas Sands by 29.2% during the 3rd quarter. Bamco Inc. NY now owns 1,581,075 shares of the casino operator’s stock worth $79,591,000 after purchasing an additional 357,234 shares during the period. Finally, Raymond James & Associates grew its holdings in Las Vegas Sands by 82.2% during the 3rd quarter. Raymond James & Associates now owns 499,852 shares of the casino operator’s stock valued at $25,163,000 after purchasing an additional 225,510 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Insider Buying and Selling at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 60,187 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.91% of the stock is owned by insiders.

Las Vegas Sands Trading Up 1.6 %

NYSE:LVS opened at $43.00 on Monday. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90. The firm has a 50-day simple moving average of $49.02 and a 200-day simple moving average of $46.84. Las Vegas Sands Corp. has a one year low of $36.62 and a one year high of $56.60. The firm has a market cap of $31.17 billion, a P/E ratio of 21.83, a P/E/G ratio of 1.32 and a beta of 1.08.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 43.76% and a net margin of 12.80%. Equities analysts anticipate that Las Vegas Sands Corp. will post 2.63 EPS for the current fiscal year.

Las Vegas Sands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Monday, February 10th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 2.33%. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.20. Las Vegas Sands’s dividend payout ratio (DPR) is presently 40.61%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LVS. JPMorgan Chase & Co. decreased their price objective on shares of Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Stifel Nicolaus boosted their price objective on Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $51.00 price objective (down previously from $54.00) on shares of Las Vegas Sands in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft decreased their target price on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, UBS Group upped their price target on shares of Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $59.58.

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.