Financial Sense Advisors Inc. Invests $759,000 in Las Vegas Sands Corp. (NYSE:LVS)

Financial Sense Advisors Inc. bought a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 11,827 shares of the casino operator’s stock, valued at approximately $759,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Las Vegas Sands Corp. by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 20,034,880 shares of the casino operator’s stock valued at $1,280,029,000 after purchasing an additional 322,708 shares in the last quarter. BlackRock Inc. raised its position in shares of Las Vegas Sands Corp. by 2.3% in the 2nd quarter. BlackRock Inc. now owns 16,129,966 shares of the casino operator’s stock valued at $1,030,543,000 after purchasing an additional 365,566 shares in the last quarter. Capital World Investors raised its position in shares of Las Vegas Sands Corp. by 14.5% in the 2nd quarter. Capital World Investors now owns 9,998,000 shares of the casino operator’s stock valued at $638,772,000 after purchasing an additional 1,263,000 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Las Vegas Sands Corp. by 40.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,506,795 shares of the casino operator’s stock valued at $415,720,000 after acquiring an additional 1,886,376 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Las Vegas Sands Corp. by 41.3% during the 2nd quarter. American Century Companies Inc. now owns 3,509,869 shares of the casino operator’s stock valued at $224,246,000 after acquiring an additional 1,025,607 shares in the last quarter. Hedge funds and other institutional investors own 38.27% of the company’s stock.

Several research analysts have recently issued reports on LVS shares. Stifel Nicolaus reissued a “buy” rating on shares of Las Vegas Sands Corp. in a research note on Sunday, September 3rd. Zacks Investment Research raised Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Wednesday. Instinet reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Monday, July 17th. Deutsche Bank AG raised their target price on Las Vegas Sands Corp. from $54.00 to $57.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Finally, Nomura raised their target price on Las Vegas Sands Corp. from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, October 26th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $65.31.

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Shares of Las Vegas Sands Corp. (NYSE LVS) opened at $67.40 on Friday. The stock has a market capitalization of $53,294.16, a P/E ratio of 24.25 and a beta of 1.78. The company has a quick ratio of 1.19, a current ratio of 1.07 and a debt-to-equity ratio of 1.38. Las Vegas Sands Corp. has a fifty-two week low of $51.35 and a fifty-two week high of $68.41.

Las Vegas Sands Corp. (NYSE:LVS) last announced its quarterly earnings data on Wednesday, October 25th. The casino operator reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.10. Las Vegas Sands Corp. had a return on equity of 31.11% and a net margin of 16.80%. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the firm earned $0.72 EPS. Las Vegas Sands Corp.’s revenue for the quarter was up 7.7% compared to the same quarter last year. equities research analysts forecast that Las Vegas Sands Corp. will post 2.87 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 21st will be issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend is Wednesday, December 20th. Las Vegas Sands Corp.’s payout ratio is presently 110.19%.

Las Vegas Sands Corp. Company Profile

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.

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

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