Creative Planning Acquires 6,745 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Creative Planning boosted its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 20.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,210 shares of the casino operator’s stock after acquiring an additional 6,745 shares during the quarter. Creative Planning’s holdings in Las Vegas Sands were worth $2,323,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in LVS. Boston Private Wealth LLC increased its stake in Las Vegas Sands by 3,350.3% in the 2nd quarter. Boston Private Wealth LLC now owns 183,039 shares of the casino operator’s stock worth $10,816,000 after acquiring an additional 177,734 shares during the last quarter. Windward Capital Management Co. CA increased its stake in Las Vegas Sands by 0.5% in the 2nd quarter. Windward Capital Management Co. CA now owns 36,627 shares of the casino operator’s stock worth $2,164,000 after acquiring an additional 188 shares during the last quarter. Ridgewood Investments LLC increased its stake in Las Vegas Sands by 8.3% in the 2nd quarter. Ridgewood Investments LLC now owns 6,879 shares of the casino operator’s stock worth $406,000 after acquiring an additional 526 shares during the last quarter. North Star Investment Management Corp. increased its stake in Las Vegas Sands by 2.4% in the 2nd quarter. North Star Investment Management Corp. now owns 17,230 shares of the casino operator’s stock worth $1,018,000 after acquiring an additional 405 shares during the last quarter. Finally, Raymond James Trust N.A. increased its stake in Las Vegas Sands by 27.0% in the 2nd quarter. Raymond James Trust N.A. now owns 9,713 shares of the casino operator’s stock worth $574,000 after acquiring an additional 2,066 shares during the last quarter. Institutional investors and hedge funds own 36.94% of the company’s stock.

A number of equities analysts have weighed in on the company. Roth Capital restated a “buy” rating on shares of Las Vegas Sands in a research note on Thursday, October 24th. Morgan Stanley reduced their price objective on Las Vegas Sands from $68.00 to $66.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 17th. Deutsche Bank upgraded Las Vegas Sands from a “hold” rating to a “buy” rating and increased their price objective for the company from $69.00 to $70.00 in a research report on Sunday, September 8th. ValuEngine lowered Las Vegas Sands from a “hold” rating to a “sell” rating in a research report on Friday. Finally, UBS Group reduced their price objective on Las Vegas Sands from $63.00 to $62.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $68.22.

In related news, General Counsel Kathleen Bender Patton sold 2,008 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $35.60, for a total transaction of $71,484.80. Also, EVP Lawrence A. Jacobs sold 66,667 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $60.16, for a total value of $4,010,686.72. Following the sale, the executive vice president now owns 66,667 shares of the company’s stock, valued at $4,010,686.72. The disclosure for this sale can be found here. Corporate insiders own 10.50% of the company’s stock.

Shares of Las Vegas Sands stock opened at $64.08 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.59 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $49.01 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 5.93 and a beta of 1.61. The business’s 50-day moving average price is $58.59 and its 200-day moving average price is $59.26. Las Vegas Sands Corp. has a 12 month low of $47.39 and a 12 month high of $69.60.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.30 billion. Las Vegas Sands had a return on equity of 37.04% and a net margin of 13.86%. The company’s revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.77 EPS. As a group, analysts predict that Las Vegas Sands Corp. will post 3.15 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, December 17th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend is Monday, December 16th. Las Vegas Sands’s dividend payout ratio is presently 92.77%.

About Las Vegas Sands

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

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

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