3,564 Shares in Las Vegas Sands Corp. (NYSE:LVS) Purchased by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC purchased a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 3,564 shares of the casino operator’s stock, valued at approximately $183,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. grew its holdings in Las Vegas Sands by 97.2% during the third quarter. Meeder Asset Management Inc. now owns 89,743 shares of the casino operator’s stock worth $4,518,000 after purchasing an additional 44,223 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Las Vegas Sands by 1.4% during the third quarter. The Manufacturers Life Insurance Company now owns 5,627,422 shares of the casino operator’s stock worth $283,284,000 after purchasing an additional 77,807 shares during the period. Sanctuary Advisors LLC bought a new position in Las Vegas Sands during the second quarter worth about $619,000. Clearbridge Investments LLC grew its holdings in Las Vegas Sands by 29.9% during the second quarter. Clearbridge Investments LLC now owns 833,487 shares of the casino operator’s stock worth $36,882,000 after purchasing an additional 191,805 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Las Vegas Sands by 33.3% during the third quarter. Principal Financial Group Inc. now owns 548,072 shares of the casino operator’s stock worth $27,590,000 after purchasing an additional 136,859 shares during the period. Institutional investors own 39.16% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on LVS. Barclays reduced their price target on Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday. Jefferies Financial Group upgraded Las Vegas Sands from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $60.00 to $69.00 in a report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft reduced their price objective on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday. UBS Group boosted their price objective on Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. reduced their price objective on Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating for the company in a report on Wednesday. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $59.58.

Las Vegas Sands Trading Up 11.1 %

Shares of LVS stock opened at $48.26 on Friday. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 year high of $56.60. The stock has a market cap of $34.99 billion, a P/E ratio of 24.49, a price-to-earnings-growth ratio of 1.00 and a beta of 1.09. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09. The stock has a 50 day simple moving average of $49.90 and a 200 day simple moving average of $46.71.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a net margin of 12.80% and a return on equity of 43.76%. On average, research analysts predict that Las Vegas Sands Corp. will post 2.76 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 given a dividend of $0.25 per share. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 2.07%. The ex-dividend date is Monday, February 10th. Las Vegas Sands’s payout ratio is currently 40.61%.

Insider Buying and Selling at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 24,324 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the completion of the transaction, the chief executive officer now directly owns 60,187 shares in the company, valued at approximately $3,129,724. This represents a 28.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert G. Goldstein sold 60,187 shares of the company’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 disclosure for this sale can be found here. Company insiders own 0.91% of the company’s stock.

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.