Las Vegas Sands Corp. (LVS) Shares Bought by Morse Asset Management Inc

Morse Asset Management Inc raised its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 60.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,725 shares of the casino operator’s stock after buying an additional 21,380 shares during the period. Las Vegas Sands Corp. makes up 1.2% of Morse Asset Management Inc’s portfolio, making the stock its 29th largest position. Morse Asset Management Inc’s holdings in Las Vegas Sands Corp. were worth $3,624,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in LVS. Lee Financial Co increased its stake in Las Vegas Sands Corp. by 1.4% in the second quarter. Lee Financial Co now owns 3,091 shares of the casino operator’s stock valued at $197,000 after buying an additional 43 shares during the period. Wagner Bowman Management Corp increased its stake in Las Vegas Sands Corp. by 1.1% in the second quarter. Wagner Bowman Management Corp now owns 5,666 shares of the casino operator’s stock valued at $362,000 after buying an additional 61 shares during the period. Arizona State Retirement System increased its stake in Las Vegas Sands Corp. by 0.3% in the first quarter. Arizona State Retirement System now owns 36,374 shares of the casino operator’s stock valued at $2,076,000 after buying an additional 100 shares during the period. North Star Investment Management Corp. increased its stake in Las Vegas Sands Corp. by 0.6% in the second quarter. North Star Investment Management Corp. now owns 15,725 shares of the casino operator’s stock valued at $1,005,000 after buying an additional 100 shares during the period. Finally, Huntington National Bank increased its stake in Las Vegas Sands Corp. by 3.7% in the first quarter. Huntington National Bank now owns 3,185 shares of the casino operator’s stock valued at $182,000 after buying an additional 115 shares during the period. 38.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of Las Vegas Sands Corp. (LVS) traded down 0.17% during midday trading on Friday, hitting $60.01. 2,830,601 shares of the stock were exchanged. The firm has a 50-day moving average price of $61.57 and a 200 day moving average price of $58.52. Las Vegas Sands Corp. has a 12-month low of $49.89 and a 12-month high of $66.22. The firm has a market cap of $47.53 billion, a PE ratio of 23.35 and a beta of 1.81.

Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings data on Wednesday, July 26th. The casino operator reported $0.73 EPS for the quarter, topping the consensus estimate of $0.59 by $0.14. Las Vegas Sands Corp. had a net margin of 16.66% and a return on equity of 29.91%. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the previous year, the firm earned $0.52 EPS. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. Analysts predict that Las Vegas Sands Corp. will post $2.74 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be given a $0.73 dividend. The ex-dividend date is Wednesday, September 20th. This represents a $2.92 annualized dividend and a dividend yield of 4.87%. Las Vegas Sands Corp.’s dividend payout ratio is presently 113.18%.

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Several analysts have recently commented on the stock. Telsey Advisory Group upped their price objective on shares of Las Vegas Sands Corp. from $58.00 to $62.00 and gave the company a “market perform” rating in a report on Thursday, April 27th. Vetr raised shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $63.09 price objective on the stock in a report on Wednesday, May 31st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 price objective (up from $58.00) on shares of Las Vegas Sands Corp. in a report on Monday, July 10th. UBS AG reissued a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Monday, July 10th. Finally, CLSA reissued a “buy” rating on shares of Las Vegas Sands Corp. in a report on Wednesday, July 5th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $63.10.

About Las Vegas Sands Corp.

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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