Proficio Capital Partners LLC Invests $1.89 Million in Las Vegas Sands Corp. (NYSE:LVS)

Proficio Capital Partners LLC bought a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 36,788 shares of the casino operator's stock, valued at approximately $1,889,000.

Other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Las Vegas Sands during the third quarter valued at approximately $26,000. Bank of Jackson Hole Trust bought a new position in Las Vegas Sands in the 4th quarter worth approximately $26,000. UMB Bank n.a. grew 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 buying an additional 247 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Las Vegas Sands in the 3rd quarter worth approximately $34,000. Finally, Capital Performance Advisors LLP bought a new position in Las Vegas Sands in the 3rd quarter worth approximately $43,000. 39.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LVS has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price objective on Las Vegas Sands from $51.00 to $49.00 and set an "equal weight" rating for the company in a report on Monday, February 24th. Barclays decreased their price objective on Las Vegas Sands from $61.00 to $58.00 and set an "overweight" rating for the company in a report on Wednesday, January 29th. Jefferies Financial Group raised Las Vegas Sands from a "hold" rating to a "buy" rating and increased their price objective for the stock from $60.00 to $69.00 in a report on Friday, January 3rd. Citigroup upped their target price on Las Vegas Sands from $64.50 to $67.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Las Vegas Sands currently has a consensus rating of "Moderate Buy" and an average price target of $59.42.

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Las Vegas Sands Price Performance

Shares of LVS traded down $0.41 during trading hours on Friday, hitting $44.99. 4,715,092 shares of the company were exchanged, compared to its average volume of 5,619,653. The company has a market capitalization of $32.21 billion, a PE ratio of 22.84, a PEG ratio of 1.41 and a beta of 1.07. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.74 and a quick ratio of 0.73. The firm has a fifty day simple moving average of $45.34 and a 200-day simple moving average of $47.53. Las Vegas Sands Corp. has a one year low of $36.62 and a one year high of $56.61.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. As a group, sell-side analysts predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from Las Vegas Sands's previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 2.22%. Las Vegas Sands's dividend payout ratio (DPR) is currently 50.76%.

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.