Las Vegas Sands Corp. (NYSE:LVS) Shares Acquired by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. increased its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 104.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,170 shares of the casino operator’s stock after acquiring an additional 9,300 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Las Vegas Sands were worth $804,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LVS. Private Advisor Group LLC acquired a new position in shares of Las Vegas Sands in the 4th quarter worth approximately $242,000. Dimensional Fund Advisors LP lifted its position in shares of Las Vegas Sands by 48.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 882,154 shares of the casino operator’s stock valued at $43,410,000 after acquiring an additional 288,684 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Las Vegas Sands by 10.8% during the 4th quarter. Principal Financial Group Inc. now owns 412,502 shares of the casino operator’s stock worth $20,299,000 after acquiring an additional 40,247 shares in the last quarter. Avantax Advisory Services Inc. acquired a new position in shares of Las Vegas Sands in the 4th quarter valued at $251,000. Finally, Kentucky Retirement Systems increased its stake in Las Vegas Sands by 3.7% in the 4th quarter. Kentucky Retirement Systems now owns 29,536 shares of the casino operator’s stock worth $1,453,000 after purchasing an additional 1,055 shares in the last quarter. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Price Performance

Shares of Las Vegas Sands stock opened at $41.40 on Wednesday. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.57. The firm has a fifty day moving average price of $40.05 and a two-hundred day moving average price of $44.74. Las Vegas Sands Corp. has a fifty-two week low of $36.62 and a fifty-two week high of $55.65. The company has a market cap of $30.84 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 1.12 and a beta of 1.11.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, July 24th. The casino operator reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.82 billion. Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 earnings per share. Analysts expect that Las Vegas Sands Corp. will post 2.46 EPS for the current year.

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.93%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 38.65%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on LVS shares. Wells Fargo & Company reduced their price target on shares of Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Jefferies Financial Group decreased their price target on shares of Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Barclays reduced their price objective on Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft dropped their target price on Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Finally, StockNews.com downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $55.25.

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.