150,094 Shares in Las Vegas Sands Corp. $LVS Purchased by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. purchased a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) in the 2nd quarter, Holdings Channel reports. The fund purchased 150,094 shares of the casino operator’s stock, valued at approximately $6,933,000.

A number of other hedge funds have also recently bought and sold shares of LVS. International Assets Investment Management LLC acquired a new position in shares of Las Vegas Sands during the 4th quarter worth approximately $26,000. DV Equities LLC acquired a new stake in shares of Las Vegas Sands in the 4th quarter valued at approximately $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in shares of Las Vegas Sands in the 4th quarter valued at approximately $29,000. Wilmington Savings Fund Society FSB grew its stake in shares of Las Vegas Sands by 254.8% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock valued at $36,000 after buying an additional 400 shares in the last quarter. Finally, Activest Wealth Management grew its stake in shares of Las Vegas Sands by 1,208.0% in the fourth quarter. Activest Wealth Management now owns 654 shares of the casino operator’s stock valued at $43,000 after buying an additional 604 shares in the last quarter. 39.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Barclays dropped their price target on shares of Las Vegas Sands from $63.00 to $59.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Argus downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, July 30th. Wells Fargo & Company lowered their price objective on shares of Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 14th. The Goldman Sachs Group lowered their price objective on shares of Las Vegas Sands from $63.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Finally, UBS Group set a $52.00 target price on shares of Las Vegas Sands in a report on Thursday, July 2nd. Ten equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Las Vegas Sands currently has a consensus rating of “Hold” and a consensus price target of $61.88.

Las Vegas Sands Stock Up 2.5%

LVS stock opened at $46.59 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 15.27. The firm has a market capitalization of $30.18 billion, a PE ratio of 18.13, a PEG ratio of 1.12 and a beta of 0.85. Las Vegas Sands Corp. has a 1-year low of $44.21 and a 1-year high of $70.45. The business’s 50 day simple moving average is $46.86 and its 200 day simple moving average is $51.48.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.17). Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period in the prior year, the business earned $0.66 EPS. The company’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, research analysts anticipate that Las Vegas Sands Corp. will post 3.09 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. Las Vegas Sands’s dividend payout ratio is presently 46.69%.

Las Vegas Sands Company 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.