Segment Wealth Management LLC Takes $2.80 Million Position in Las Vegas Sands Corp. (LVS)

Segment Wealth Management LLC bought a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 43,875 shares of the casino operator’s stock, valued at approximately $2,803,000.

Other institutional investors have also recently bought and sold shares of the company. Global X Management Co. LLC boosted its stake in Las Vegas Sands Corp. by 8.3% during the 2nd quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock valued at $106,000 after purchasing an additional 126 shares during the period. Ffcm LLC boosted its stake in Las Vegas Sands Corp. by 90.9% during the 2nd quarter. Ffcm LLC now owns 2,436 shares of the casino operator’s stock valued at $153,000 after purchasing an additional 1,160 shares during the period. State of Alaska Department of Revenue boosted its stake in Las Vegas Sands Corp. by 24.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,603 shares of the casino operator’s stock valued at $166,000 after purchasing an additional 510 shares during the period. Point72 Asia Hong Kong Ltd boosted its stake in Las Vegas Sands Corp. by 87.2% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 2,994 shares of the casino operator’s stock valued at $171,000 after purchasing an additional 1,395 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Las Vegas Sands Corp. by 143.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,731 shares of the casino operator’s stock valued at $174,000 after purchasing an additional 1,610 shares during the period. 38.01% of the stock is owned by hedge funds and other institutional investors.

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Shares of Las Vegas Sands Corp. (NYSE:LVS) traded down 0.42% on Wednesday, reaching $63.53. 1,228,614 shares of the company were exchanged. The stock has a market capitalization of $50.32 billion, a P/E ratio of 24.72 and a beta of 1.78. Las Vegas Sands Corp. has a 12 month low of $51.35 and a 12 month high of $66.22. The stock has a 50 day moving average price of $61.70 and a 200-day moving average price of $60.09. Las Vegas Sands Corp. also was the recipient of unusually large options trading activity on Monday. Investors bought 12,488 put options on the stock. This represents an increase of 427% compared to the typical daily volume of 2,370 put options.

Las Vegas Sands Corp. (NYSE:LVS) last announced its earnings results on Wednesday, July 26th. The casino operator reported $0.73 EPS for the quarter, topping the consensus estimate of $0.59 by $0.14. The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.01 billion. Las Vegas Sands Corp. had a net margin of 16.66% and a return on equity of 29.91%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the company posted $0.52 EPS. On average, equities analysts expect that Las Vegas Sands Corp. will post $2.74 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 21st will be issued a dividend of $0.73 per share. The ex-dividend date is Wednesday, September 20th. This represents a $2.92 annualized dividend and a yield of 4.53%. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is currently 113.18%.

LVS has been the subject of a number of analyst reports. Vetr raised shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $63.09 target price for the company in a research note on Wednesday, May 31st. Instinet reaffirmed a “neutral” rating and issued a $54.00 price target (up from $50.00) on shares of Las Vegas Sands Corp. in a research note on Monday, June 19th. Zacks Investment Research raised shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Tuesday, June 27th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 price target on shares of Las Vegas Sands Corp. in a research note on Tuesday, July 4th. Finally, Wells Fargo & Company reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Tuesday, July 4th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $63.26.

About Las Vegas Sands Corp.

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

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

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