Fort Washington Investment Advisors Inc. OH Boosts Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Fort Washington Investment Advisors Inc. OH raised its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 13.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 784,061 shares of the casino operator’s stock after buying an additional 92,398 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.11% of Las Vegas Sands worth $34,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of LVS. Bank & Trust Co bought a new stake in shares of Las Vegas Sands in the 2nd quarter worth about $29,000. Delos Wealth Advisors LLC purchased a new stake in shares of Las Vegas Sands during the 4th quarter worth $33,000. Accent Capital Management LLC purchased a new position in shares of Las Vegas Sands in the 4th quarter worth approximately $39,000. Fidelis Capital Partners LLC purchased a new position in Las Vegas Sands in the first quarter worth $43,000. Finally, Vestor Capital LLC purchased a new position in Las Vegas Sands during the 4th quarter worth $42,000. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Up 0.9 %

Shares of LVS stock traded up $0.35 during trading hours on Friday, reaching $38.99. 11,354,873 shares of the stock were exchanged, compared to its average volume of 5,540,399. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.29. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $55.73. The firm has a market capitalization of $29.05 billion, a P/E ratio of 18.84, a P/E/G ratio of 1.04 and a beta of 1.12. The business’s fifty day moving average is $40.99 and its two-hundred day moving average is $46.16.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, July 24th. The casino operator reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the prior year, the company earned $0.46 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts expect that Las Vegas Sands Corp. will post 2.48 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Tuesday, August 6th. Las Vegas Sands’s dividend payout ratio is currently 38.65%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Jefferies Financial Group reduced their price objective on Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. Susquehanna reduced their price objective on shares of Las Vegas Sands from $59.00 to $51.00 and set a “positive” rating for the company in a research report on Thursday, July 25th. Wells Fargo & Company decreased their target price on Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Morgan Stanley lowered their price target on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Finally, Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Las Vegas Sands has an average rating of “Moderate Buy” and a consensus price target of $55.67.

Las Vegas Sands 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.