Leo Wealth LLC Reduces Position in Las Vegas Sands Corp. (NYSE:LVS)

Leo Wealth LLC trimmed its position in Las Vegas Sands Corp. (NYSE:LVS) by 20.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,716 shares of the casino operator’s stock after selling 3,681 shares during the quarter. Leo Wealth LLC’s holdings in Las Vegas Sands were worth $756,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new position in shares of Las Vegas Sands during the second quarter valued at about $619,000. Czech National Bank raised its position in Las Vegas Sands by 3.5% during the 3rd quarter. Czech National Bank now owns 72,007 shares of the casino operator’s stock valued at $3,625,000 after purchasing an additional 2,440 shares during the last quarter. GAMMA Investing LLC lifted its holdings in 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 buying an additional 243 shares during the period. CWM LLC grew its position in shares of Las Vegas Sands by 16.1% in the 3rd quarter. CWM LLC now owns 10,338 shares of the casino operator’s stock worth $520,000 after buying an additional 1,437 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Las Vegas Sands by 419.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,858 shares of the casino operator’s stock valued at $94,000 after buying an additional 1,500 shares during the period. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Trading Up 1.6 %

LVS stock opened at $43.00 on Friday. The firm has a market cap of $31.17 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 1.40 and a beta of 1.08. The firm has a fifty day moving average price of $49.22 and a 200 day moving average price of $46.79. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90. Las Vegas Sands Corp. has a fifty-two week low of $36.62 and a fifty-two week high of $56.60.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a net margin of 12.80% and a return on equity of 43.76%. Sell-side analysts anticipate that Las Vegas Sands Corp. will post 2.69 earnings per share for the current fiscal year.

Las Vegas Sands Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 annualized dividend 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 50.76%.

Insider Activity at Las Vegas Sands

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

Analysts Set New Price Targets

Several analysts recently weighed in on LVS shares. Macquarie lifted their price target on shares of Las Vegas Sands from $57.00 to $58.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Morgan Stanley reissued an “equal weight” rating and issued a $51.00 target price (down previously from $54.00) on shares of Las Vegas Sands in a research report on Tuesday, January 14th. Barclays lowered their price target on shares of Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Mizuho boosted their target price on Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company dropped their target price on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $59.58.

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.