Golden State Wealth Management LLC Invests $91,000 in Las Vegas Sands Corp. (NYSE:LVS)

Golden State Wealth Management LLC acquired a new stake in Las Vegas Sands Corp. (NYSE:LVS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,765 shares of the casino operator’s stock, valued at approximately $91,000.

Other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC increased its stake in Las Vegas Sands by 3.6% during the 3rd quarter. Empowered Funds LLC now owns 6,050 shares of the casino operator’s stock valued at $305,000 after purchasing an additional 213 shares in the last quarter. Raymond James Trust N.A. increased its position in shares of Las Vegas Sands by 4.7% in the 3rd quarter. Raymond James Trust N.A. now owns 5,062 shares of the casino operator’s stock valued at $255,000 after acquiring an additional 229 shares during the period. GAMMA Investing LLC raised its stake in Las Vegas Sands by 40.1% in the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after acquiring an additional 243 shares during the last quarter. UMB Bank n.a. lifted its position in Las Vegas Sands by 73.5% during 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 during the period. Finally, Signaturefd LLC lifted its position in Las Vegas Sands by 7.8% during the 3rd quarter. Signaturefd LLC now owns 3,510 shares of the casino operator’s stock worth $177,000 after acquiring an additional 253 shares during the period. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related 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 transaction of $3,191,114.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.91% of the company’s stock.

Las Vegas Sands Price Performance

Shares of Las Vegas Sands stock opened at $43.00 on Monday. The firm has a market cap of $31.17 billion, a PE ratio of 21.83, a P/E/G ratio of 1.32 and a beta of 1.08. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $56.60. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. The business has a 50-day moving average price of $49.02 and a 200 day moving average price of $46.84.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a net margin of 12.80% and a return on equity of 43.76%. Sell-side analysts predict that Las Vegas Sands Corp. will post 2.63 earnings per share for the current fiscal year.

Las Vegas Sands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.33%. 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. Las Vegas Sands’s dividend payout ratio (DPR) is presently 40.61%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LVS shares. Morgan Stanley restated an “equal weight” rating and issued a $51.00 price objective (down from $54.00) on shares of Las Vegas Sands in a research note on Tuesday, January 14th. Stifel Nicolaus raised their price target on shares of Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Susquehanna upped their price objective on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. cut their price objective on shares of Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.58.

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.