Wingate Wealth Advisors Inc. Invests $75,000 in Las Vegas Sands Corp. (NYSE:LVS)

Wingate Wealth Advisors Inc. bought a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 1,455 shares of the casino operator’s stock, valued at approximately $75,000.

Other large investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Las Vegas Sands during the third quarter worth approximately $26,000. CVA Family Office LLC increased its position in shares of Las Vegas Sands by 118.8% during the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after purchasing an additional 304 shares in the last quarter. UMB Bank n.a. increased its position in shares of Las Vegas Sands by 73.5% during the fourth 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. Ashton Thomas Securities LLC purchased a new stake in shares of Las Vegas Sands during the third quarter worth approximately $34,000. Finally, GAMMA Investing LLC increased its position in shares of Las Vegas Sands by 40.1% during the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after purchasing an additional 243 shares in the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 60,187 shares of Las Vegas Sands stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $53.02, for a total value of $3,191,114.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.91% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

LVS has been the subject of several research reports. Mizuho boosted their price target on Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Stifel Nicolaus upped their target price on Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Susquehanna increased their price target on Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a report on Wednesday, October 16th. Citigroup increased their target price on Las Vegas Sands from $64.50 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, Barclays decreased their target price on Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating on the stock in a research note 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $59.58.

Las Vegas Sands Trading Down 3.1 %

LVS opened at $41.66 on Tuesday. Las Vegas Sands Corp. has a one year low of $36.62 and a one year high of $56.60. The company has a market cap of $30.20 billion, a P/E ratio of 21.14, a PEG ratio of 1.32 and a beta of 1.08. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90. The business’s 50-day simple moving average is $49.02 and its 200-day simple moving average is $46.89.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a net margin of 12.80% and a return on equity of 43.76%. As a group, equities research analysts expect that Las Vegas Sands Corp. will post 2.63 EPS for the current fiscal year.

Las Vegas Sands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Monday, February 10th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Monday, February 10th. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.20. Las Vegas Sands’s dividend payout ratio (DPR) is currently 40.61%.

Las Vegas Sands Company 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.