Wealth Enhancement Advisory Services LLC Acquires Shares of 14,382 Las Vegas Sands Corp. (LVS)

Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,382 shares of the casino operator’s stock, valued at approximately $924,000.

A number of other hedge funds have also modified their holdings of LVS. Empire Life Investments Inc. increased its holdings in Las Vegas Sands Corp. by 23.1% during the first quarter. Empire Life Investments Inc. now owns 56,634 shares of the casino operator’s stock valued at $2,810,000 after buying an additional 10,629 shares during the period. OppenheimerFunds Inc. increased its holdings in Las Vegas Sands Corp. by 80.1% during the first quarter. OppenheimerFunds Inc. now owns 39,360 shares of the casino operator’s stock valued at $2,246,000 after buying an additional 17,500 shares during the period. Principal Financial Group Inc. increased its holdings in Las Vegas Sands Corp. by 126.6% during the first quarter. Principal Financial Group Inc. now owns 55,946 shares of the casino operator’s stock valued at $3,193,000 after buying an additional 31,261 shares during the period. PNC Financial Services Group Inc. increased its holdings in Las Vegas Sands Corp. by 4.4% during the first quarter. PNC Financial Services Group Inc. now owns 20,671 shares of the casino operator’s stock valued at $1,179,000 after buying an additional 866 shares during the period. Finally, Ngam Advisors L.P. increased its holdings in Las Vegas Sands Corp. by 5.0% during the first quarter. Ngam Advisors L.P. now owns 14,708 shares of the casino operator’s stock valued at $839,000 after buying an additional 698 shares during the period. 37.97% of the stock is currently owned by institutional investors.

Las Vegas Sands Corp. (NYSE:LVS) traded up 0.56% during midday trading on Friday, hitting $62.69. 2,128,958 shares of the stock traded hands. The company has a 50-day moving average price of $63.50 and a 200 day moving average price of $61.27. The stock has a market cap of $49.65 billion, a price-to-earnings ratio of 24.39 and a beta of 1.76. Las Vegas Sands Corp. has a one year low of $51.35 and a one year high of $66.22.

Las Vegas Sands Corp. (NYSE:LVS) last announced its quarterly earnings data on Wednesday, July 26th. The casino operator reported $0.73 EPS for the quarter, beating the Zacks’ 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 company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the prior year, the firm posted $0.52 EPS. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. Equities research analysts anticipate that Las Vegas Sands Corp. will post $2.76 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 21st were given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date was Wednesday, September 20th. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is 113.18%.

WARNING: This piece was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another site, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/21/wealth-enhancement-advisory-services-llc-acquires-shares-of-14382-las-vegas-sands-corp-lvs.html.

Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Friday, October 13th. Deutsche Bank AG reissued a “hold” rating and set a $54.00 price objective (up from $52.00) on shares of Las Vegas Sands Corp. in a report on Thursday, July 27th. Stifel Nicolaus reissued a “buy” rating and set a $72.00 price objective (up from $70.00) on shares of Las Vegas Sands Corp. in a report on Thursday, July 27th. Telsey Advisory Group lifted their price objective on shares of Las Vegas Sands Corp. from $64.00 to $66.00 and gave the company a “market perform” rating in a report on Thursday, July

A number of other hedge funds have also modified their holdings of LVS. Empire Life Investments Inc. increased its holdings in Las Vegas Sands Corp. by 23.1% during the first quarter. Empire Life Investments Inc. now owns 56,634 shares of the casino operator’s stock valued at $2,810,000 after buying an additional 10,629 shares during the period. OppenheimerFunds Inc. increased its holdings in Las Vegas Sands Corp. by 80.1% during the first quarter. OppenheimerFunds Inc. now owns 39,360 shares of the casino operator’s stock valued at $2,246,000 after buying an additional 17,500 shares during the period. Principal Financial Group Inc. increased its holdings in Las Vegas Sands Corp. by 126.6% during the first quarter. Principal Financial Group Inc. now owns 55,946 shares of the casino operator’s stock valued at $3,193,000 after buying an additional 31,261 shares during the period. PNC Financial Services Group Inc. increased its holdings in Las Vegas Sands Corp. by 4.4% during the first quarter. PNC Financial Services Group Inc. now owns 20,671 shares of the casino operator’s stock valued at $1,179,000 after buying an additional 866 shares during the period. Finally, Ngam Advisors L.P. increased its holdings in Las Vegas Sands Corp. by 5.0% during the first quarter. Ngam Advisors L.P. now owns 14,708 shares of the casino operator’s stock valued at $839,000 after buying an additional 698 shares during the period. 37.97% of the stock is currently owned by institutional investors.

Las Vegas Sands Corp. (NYSE:LVS) traded up 0.56% during midday trading on Friday, hitting $62.69. 2,128,958 shares of the stock traded hands. The company has a 50-day moving average price of $63.50 and a 200 day moving average price of $61.27. The stock has a market cap of $49.65 billion, a price-to-earnings ratio of 24.39 and a beta of 1.76. Las Vegas Sands Corp. has a one year low of $51.35 and a one year high of $66.22.

Las Vegas Sands Corp. (NYSE:LVS) last announced its quarterly earnings data on Wednesday, July 26th. The casino operator reported $0.73 EPS for the quarter, beating the Zacks’ 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 company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the prior year, the firm posted $0.52 EPS. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. Equities research analysts anticipate that Las Vegas Sands Corp. will post $2.76 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 21st were given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date was Wednesday, September 20th. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is 113.18%.

WARNING: This piece was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another site, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/21/wealth-enhancement-advisory-services-llc-acquires-shares-of-14382-las-vegas-sands-corp-lvs.html.

Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Friday, October 13th. Deutsche Bank AG reissued a “hold” rating and set a $54.00 price objective (up from $52.00) on shares of Las Vegas Sands Corp. in a report on Thursday, July 27th. Stifel Nicolaus reissued a “buy” rating and set a $72.00 price objective (up from $70.00) on shares of Las Vegas Sands Corp. in a report on Thursday, July 27th. Telsey Advisory Group lifted their price objective on shares of Las Vegas Sands Corp. from $64.00 to $66.00 and gave the company a “market perform” rating in a report on Thursday, July 27th. Finally, CLSA reissued a “buy” rating on shares of Las Vegas Sands Corp. in a report on Wednesday, July 5th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $64.64.

Las Vegas Sands Corp. 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.

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

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