Wealth Enhancement Advisory Services LLC Has $2.56 Million Stock Holdings in Las Vegas Sands Corp. $LVS

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Las Vegas Sands Corp. (NYSE:LVSFree Report) by 58.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 49,336 shares of the casino operator’s stock after buying an additional 18,122 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Las Vegas Sands were worth $2,556,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Maple Rock Capital Partners Inc. raised its holdings in shares of Las Vegas Sands by 124.4% during the second quarter. Maple Rock Capital Partners Inc. now owns 1,003,880 shares of the casino operator’s stock worth $43,679,000 after acquiring an additional 556,440 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Las Vegas Sands by 7.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 644,286 shares of the casino operator’s stock worth $28,033,000 after purchasing an additional 42,598 shares during the period. Donoghue Forlines LLC bought a new position in Las Vegas Sands during the 3rd quarter worth about $2,143,000. Intech Investment Management LLC acquired a new stake in shares of Las Vegas Sands in the 2nd quarter valued at about $1,254,000. Finally, CWM LLC raised its stake in shares of Las Vegas Sands by 78.0% in the 3rd quarter. CWM LLC now owns 102,576 shares of the casino operator’s stock valued at $5,518,000 after purchasing an additional 44,940 shares during the period. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands News Roundup

Here are the key news stories impacting Las Vegas Sands this week:

Insider Activity

In related news, major shareholder Miriam Adelson sold 77,991 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $67.56, for a total value of $5,269,071.96. Following the completion of the sale, the insider directly owned 23,333,441 shares in the company, valued at approximately $1,576,407,273.96. This trade represents a 0.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Patrick Dumont sold 135,603 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $67.96, for a total value of $9,215,579.88. Following the transaction, the chief operating officer directly owned 446,608 shares in the company, valued at approximately $30,351,479.68. This trade represents a 23.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,582,053 shares of company stock valued at $238,846,399 in the last 90 days. 1.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LVS shares. Zacks Research cut Las Vegas Sands from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on Las Vegas Sands from $76.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday. Wells Fargo & Company raised their price target on shares of Las Vegas Sands from $67.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of Las Vegas Sands from $70.00 to $71.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Finally, Wall Street Zen upgraded shares of Las Vegas Sands from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Las Vegas Sands has an average rating of “Moderate Buy” and a consensus price target of $70.52.

Get Our Latest Stock Report on LVS

Las Vegas Sands Stock Down 14.0%

NYSE:LVS opened at $52.71 on Friday. Las Vegas Sands Corp. has a twelve month low of $30.18 and a twelve month high of $70.45. The firm has a market capitalization of $35.64 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 1.46 and a beta of 0.97. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 7.42. The stock’s 50 day moving average price is $64.09 and its two-hundred day moving average price is $58.04.

Las Vegas Sands (NYSE:LVSGet Free Report) last released its earnings results on Wednesday, January 28th. The casino operator reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.08. Las Vegas Sands had a net margin of 12.50% and a return on equity of 87.01%. The business had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same period last year, the business earned $0.54 earnings per share. The firm’s revenue was up 26.0% on a year-over-year basis. Equities research analysts expect that Las Vegas Sands Corp. will post 2.6 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 18th. Stockholders of record on Monday, February 9th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, February 9th. This represents a $1.20 annualized dividend and a dividend yield of 2.3%. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.25. Las Vegas Sands’s dividend payout ratio (DPR) is presently 45.25%.

Las Vegas Sands Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding LVS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Las Vegas Sands Corp. (NYSE:LVSFree Report).

Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

Receive News & Ratings for Las Vegas Sands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands and related companies with MarketBeat.com's FREE daily email newsletter.