IHT Wealth Management LLC Grows Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

IHT Wealth Management LLC raised its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 134.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,428 shares of the casino operator's stock after purchasing an additional 8,286 shares during the period. IHT Wealth Management LLC's holdings in Las Vegas Sands were worth $741,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LVS. Wilmington Savings Fund Society FSB purchased a new position in shares of Las Vegas Sands during the third quarter valued at approximately $26,000. Bank of Jackson Hole Trust purchased a new position in Las Vegas Sands during the 4th quarter valued at $26,000. UMB Bank n.a. raised its holdings in Las Vegas Sands by 73.5% in the 4th quarter. UMB Bank n.a. now owns 583 shares of the casino operator's stock worth $30,000 after purchasing an additional 247 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Las Vegas Sands in the 4th quarter worth about $36,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Las Vegas Sands by 63.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 885 shares of the casino operator's stock valued at $45,000 after purchasing an additional 342 shares in the last quarter. Institutional investors own 39.16% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on LVS shares. JPMorgan Chase & Co. lowered their price objective on shares of Las Vegas Sands from $62.00 to $61.00 and set an "overweight" rating for the company in a report on Wednesday, January 29th. Wells Fargo & Company dropped their price target on Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Jefferies Financial Group raised Las Vegas Sands from a "hold" rating to a "buy" rating and upped their price target for the stock from $60.00 to $69.00 in a research note on Friday, January 3rd. Mizuho set a $47.00 target price on shares of Las Vegas Sands in a report on Thursday. Finally, Stifel Nicolaus set a $57.00 price target on shares of Las Vegas Sands and gave the stock a "buy" rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $56.75.

Las Vegas Sands Stock Up 0.3 %

LVS traded up $0.12 during trading on Monday, hitting $36.01. 5,844,542 shares of the company's stock traded hands, compared to its average volume of 6,061,917. The stock has a market capitalization of $25.45 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 1.41 and a beta of 0.99. The company's 50 day simple moving average is $39.27 and its two-hundred day simple moving average is $45.82. Las Vegas Sands Corp. has a 12-month low of $30.18 and a 12-month high of $56.61. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The casino operator reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.95 billion. Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. Las Vegas Sands's quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.78 earnings per share. Analysts predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Tuesday, May 6th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.78%. The ex-dividend date is Tuesday, May 6th. Las Vegas Sands's dividend payout ratio is currently 55.56%.

Las Vegas Sands declared that its board has authorized a stock repurchase plan on Wednesday, April 23rd that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the casino operator to purchase up to 8.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

About Las Vegas Sands

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.