US Bancorp DE boosted its position in Las Vegas Sands Corp. (NYSE:LVS) by 17.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 89,598 shares of the casino operator’s stock after purchasing an additional 13,021 shares during the period. US Bancorp DE’s holdings in Las Vegas Sands were worth $5,294,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Enterprise Financial Services Corp boosted its holdings in Las Vegas Sands by 35.0% during the 2nd quarter. Enterprise Financial Services Corp now owns 991 shares of the casino operator’s stock valued at $59,000 after acquiring an additional 257 shares during the period. Almanack Investment Partners LLC. acquired a new position in Las Vegas Sands in the second quarter worth approximately $109,000. Baltimore Capital Management Inc. acquired a new position in Las Vegas Sands in the first quarter worth approximately $946,000. Stormborn Capital Management LLC boosted its stake in Las Vegas Sands by 9,900.0% in the 1st quarter. Stormborn Capital Management LLC now owns 50,000 shares of the casino operator’s stock worth $3,048,000 after purchasing an additional 49,500 shares during the period. Finally, Annex Advisory Services LLC boosted its stake in shares of Las Vegas Sands by 2.1% during the 2nd quarter. Annex Advisory Services LLC now owns 25,709 shares of the casino operator’s stock valued at $1,519,000 after buying an additional 528 shares during the period. 36.29% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on LVS shares. Standpoint Research started coverage on shares of Las Vegas Sands in a research note on Wednesday, September 4th. They set a “buy” rating for the company. Morgan Stanley decreased their target price on shares of Las Vegas Sands from $68.00 to $66.00 and set an “overweight” rating for the company in a research note on Tuesday. Zacks Investment Research raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research note on Wednesday, May 22nd. Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Finally, Deutsche Bank raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and lifted their target price for the company from $69.00 to $70.00 in a research note on Sunday, September 8th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $67.23.
Shares of LVS stock traded down $0.40 on Thursday, hitting $57.98. The company’s stock had a trading volume of 185,926 shares, compared to its average volume of 3,564,580. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.64 and a quick ratio of 1.62. Las Vegas Sands Corp. has a fifty-two week low of $47.39 and a fifty-two week high of $69.60. The firm’s fifty day moving average price is $55.68 and its 200-day moving average price is $60.26. The stock has a market capitalization of $45.91 billion, a price-to-earnings ratio of 17.41, a P/E/G ratio of 7.84 and a beta of 1.60.
Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.09). Las Vegas Sands had a net margin of 14.01% and a return on equity of 35.77%. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same period in the previous year, the firm posted $0.76 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Analysts predict that Las Vegas Sands Corp. will post 3.17 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Wednesday, September 18th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 5.31%. The ex-dividend date is Tuesday, September 17th. Las Vegas Sands’s payout ratio is presently 92.77%.
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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