Wingate Wealth Advisors Inc. Invests $75,000 in Las Vegas Sands Corp. (NYSE:LVS)

Wingate Wealth Advisors Inc. acquired a new position in Las Vegas Sands Corp. (NYSE:LVS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,455 shares of the casino operator’s stock, valued at approximately $75,000.

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Las Vegas Sands in the 3rd quarter worth approximately $26,000. CVA Family Office LLC increased its holdings in Las Vegas Sands by 118.8% in the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after acquiring an additional 304 shares in the last quarter. UMB Bank n.a. increased its holdings in Las Vegas Sands by 73.5% in the 4th quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock worth $30,000 after acquiring an additional 247 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Las Vegas Sands during the 3rd quarter valued at approximately $34,000. Finally, GAMMA Investing LLC grew its holdings in Las Vegas Sands by 40.1% during the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after buying an additional 243 shares in the last quarter. Institutional investors own 39.16% of the company’s stock.

Insider Buying and Selling

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 60,187 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $53.02, for a total value of $3,191,114.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wells Fargo & Company cut their target price on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Macquarie lifted their target price on Las Vegas Sands from $57.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Morgan Stanley restated an “equal weight” rating and set a $51.00 price target (down previously from $54.00) on shares of Las Vegas Sands in a research note on Tuesday, January 14th. Stifel Nicolaus raised their price target on Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Citigroup raised their price target on Las Vegas Sands from $64.50 to $67.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $59.58.

Las Vegas Sands Price Performance

Shares of LVS stock opened at $41.66 on Tuesday. Las Vegas Sands Corp. has a fifty-two week low of $36.62 and a fifty-two week high of $56.60. The firm has a market capitalization of $30.20 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 1.32 and a beta of 1.08. 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 stock’s 50-day simple moving average is $49.02 and its 200-day simple moving average is $46.89.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share 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%. As a group, equities analysts forecast that Las Vegas Sands Corp. will post 2.63 earnings per share for the current fiscal year.

Las Vegas Sands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Monday, February 10th will be issued a dividend of $0.25 per share. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.40%. Las Vegas Sands’s payout ratio is 40.61%.

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.