Fifth Third Wealth Advisors LLC Has $831,000 Stake in Las Vegas Sands Corp. (NYSE:LVS)

Fifth Third Wealth Advisors LLC increased its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 9.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 16,075 shares of the casino operator’s stock after acquiring an additional 1,408 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Las Vegas Sands were worth $831,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Waldron Private Wealth LLC grew its holdings in Las Vegas Sands by 1.9% in the 4th quarter. Waldron Private Wealth LLC now owns 12,361 shares of the casino operator’s stock valued at $608,000 after buying an additional 232 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Las Vegas Sands by 1.0% in the 4th quarter. Corient Private Wealth LLC now owns 28,532 shares of the casino operator’s stock valued at $1,404,000 after buying an additional 288 shares during the last quarter. Czech National Bank grew its holdings in Las Vegas Sands by 0.5% in the 1st quarter. Czech National Bank now owns 64,974 shares of the casino operator’s stock valued at $3,359,000 after buying an additional 319 shares during the last quarter. Parallel Advisors LLC grew its holdings in Las Vegas Sands by 54.8% in the 4th quarter. Parallel Advisors LLC now owns 1,008 shares of the casino operator’s stock valued at $50,000 after buying an additional 357 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Las Vegas Sands by 150.4% in the 4th quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock valued at $34,000 after buying an additional 409 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Price Performance

Shares of Las Vegas Sands stock traded up $0.33 during midday trading on Thursday, hitting $44.14. 6,877,086 shares of the company were exchanged, compared to its average volume of 5,255,432. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.30 and a quick ratio of 1.29. The firm has a market cap of $32.89 billion, a P/E ratio of 21.32, a PEG ratio of 0.81 and a beta of 1.13. Las Vegas Sands Corp. has a 52 week low of $42.99 and a 52 week high of $61.25. The firm has a 50 day simple moving average of $45.30 and a 200-day simple moving average of $49.04.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.13. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the company posted $0.28 EPS. The business’s revenue for the quarter was up 34.9% compared to the same quarter last year. Research analysts forecast that Las Vegas Sands Corp. will post 2.63 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th were given a $0.20 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.80 annualized dividend and a yield of 1.81%. Las Vegas Sands’s payout ratio is 38.65%.

Analyst Ratings Changes

LVS has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. JPMorgan Chase & Co. decreased their price objective on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Barclays decreased their price objective on Las Vegas Sands from $59.00 to $57.00 and set an “overweight” rating on the stock in a report on Friday, June 7th. Wells Fargo & Company decreased their price objective on Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Finally, Stifel Nicolaus decreased their price objective on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $63.31.

About Las Vegas Sands

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.