Valley National Advisers Inc. Has $83,000 Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Valley National Advisers Inc. lifted its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 60.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,600 shares of the casino operator’s stock after purchasing an additional 600 shares during the quarter. Valley National Advisers Inc.’s holdings in Las Vegas Sands were worth $83,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BOKF NA grew its holdings in shares of Las Vegas Sands by 2.7% during the fourth quarter. BOKF NA now owns 6,912 shares of the casino operator’s stock worth $359,000 after buying an additional 181 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Las Vegas Sands by 24.8% during the fourth quarter. Bessemer Group Inc. now owns 972 shares of the casino operator’s stock worth $50,000 after buying an additional 193 shares in the last quarter. Cornerstone Advisors Inc. grew its holdings in shares of Las Vegas Sands by 99.6% during the fourth quarter. Cornerstone Advisors Inc. now owns 487 shares of the casino operator’s stock worth $25,000 after buying an additional 243 shares in the last quarter. Eaton Vance Management grew its holdings in shares of Las Vegas Sands by 5.1% during the fourth quarter. Eaton Vance Management now owns 5,122 shares of the casino operator’s stock worth $267,000 after buying an additional 250 shares in the last quarter. Finally, FTB Advisors Inc. grew its holdings in shares of Las Vegas Sands by 73.4% during the fourth quarter. FTB Advisors Inc. now owns 607 shares of the casino operator’s stock worth $31,000 after buying an additional 257 shares in the last quarter. 36.81% of the stock is currently owned by institutional investors.

LVS stock traded up $0.31 during mid-day trading on Friday, reaching $68.22. The company had a trading volume of 7,743,853 shares, compared to its average volume of 3,742,167. The company has a quick ratio of 1.75, a current ratio of 1.76 and a debt-to-equity ratio of 1.76. The company has a market cap of $52.72 billion, a price-to-earnings ratio of 20.55 and a beta of 1.40. Las Vegas Sands Corp. has a 52 week low of $47.39 and a 52 week high of $81.45.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.06. Las Vegas Sands had a return on equity of 33.30% and a net margin of 11.15%. The firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same period last year, the company earned $1.04 earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts anticipate that Las Vegas Sands Corp. will post 3.23 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Wednesday, June 19th will be paid a dividend of $0.77 per share. The ex-dividend date is Tuesday, June 18th. This represents a $3.08 annualized dividend and a dividend yield of 4.51%. Las Vegas Sands’s dividend payout ratio is currently 92.77%.

A number of research firms recently issued reports on LVS. Zacks Investment Research upgraded Las Vegas Sands from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Deutsche Bank increased their price objective on Las Vegas Sands from $60.00 to $69.00 and gave the stock a “hold” rating in a report on Thursday. They noted that the move was a valuation call. JPMorgan Chase & Co. increased their price objective on Las Vegas Sands from $62.00 to $71.00 and gave the stock a “neutral” rating in a report on Thursday. Jefferies Financial Group increased their price objective on Las Vegas Sands from $57.00 to $69.00 and gave the stock a “hold” rating in a report on Monday, April 8th. Finally, Bank of America restated a “neutral” rating and issued a $70.00 price target (up from $64.00) on shares of Las Vegas Sands in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. Las Vegas Sands has an average rating of “Hold” and a consensus price target of $68.89.

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Las Vegas Sands Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

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

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