Comerica Securities Inc. lessened its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 19.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,970 shares of the casino operator’s stock after selling 8,230 shares during the period. Comerica Securities Inc.’s holdings in Las Vegas Sands were worth $1,820,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. Dakota Wealth Management boosted its stake in Las Vegas Sands by 131.5% during the 3rd quarter. Dakota Wealth Management now owns 8,103 shares of the casino operator’s stock valued at $481,000 after purchasing an additional 4,603 shares during the period. NN Investment Partners Holdings N.V. boosted its stake in Las Vegas Sands by 26.7% during the 3rd quarter. NN Investment Partners Holdings N.V. now owns 1,101,491 shares of the casino operator’s stock valued at $65,350,000 after purchasing an additional 232,106 shares during the period. USA Mutuals Advisors Inc. boosted its stake in Las Vegas Sands by 4.4% during the 4th quarter. USA Mutuals Advisors Inc. now owns 141,000 shares of the casino operator’s stock valued at $7,339,000 after purchasing an additional 6,000 shares during the period. Alps Advisors Inc. boosted its stake in Las Vegas Sands by 28.1% during the 3rd quarter. Alps Advisors Inc. now owns 7,966 shares of the casino operator’s stock valued at $473,000 after purchasing an additional 1,749 shares during the period. Finally, Signition LP acquired a new position in Las Vegas Sands during the 3rd quarter valued at about $382,000. 36.50% of the stock is owned by institutional investors and hedge funds.
A number of research firms have issued reports on LVS. Goldman Sachs Group lowered shares of Las Vegas Sands from a “conviction-buy” rating to a “buy” rating in a research note on Friday, October 19th. Nomura reduced their target price on shares of Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, October 25th. Zacks Investment Research raised shares of Las Vegas Sands from a “strong sell” rating to a “hold” rating in a research note on Monday, October 29th. Sanford C. Bernstein began coverage on shares of Las Vegas Sands in a research note on Thursday, November 15th. They set an “outperform” rating and a $81.45 target price for the company. Finally, Bank of America reissued a “hold” rating and set a $60.00 target price on shares of Las Vegas Sands in a research note on Tuesday, October 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $71.34.
Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, January 23rd. The casino operator reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.08). The company had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.52 billion. Las Vegas Sands had a return on equity of 32.48% and a net margin of 17.58%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 earnings per share. Equities analysts forecast that Las Vegas Sands Corp. will post 3.18 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Wednesday, March 20th will be paid a $0.77 dividend. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.75. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date of this dividend is Tuesday, March 19th. Las Vegas Sands’s dividend payout ratio is currently 90.36%.
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Las Vegas Sands Profile
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.
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