Las Vegas Sands (NYSE:LVS) Hits New 1-Year Low at $38.57

Las Vegas Sands Corp. (NYSE:LVS)’s share price hit a new 52-week low on Thursday . The company traded as low as $38.57 and last traded at $38.60, with a volume of 1455306 shares changing hands. The stock had previously closed at $39.67.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Mizuho dropped their price objective on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Morgan Stanley reduced their price objective on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Barclays lowered their price objective on Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Citigroup raised their target price on Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Finally, Jefferies Financial Group lowered their price target on shares of Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Las Vegas Sands Stock Down 3.3 %

The firm has a fifty day moving average price of $43.00 and a 200 day moving average price of $47.71. The company has a market cap of $28.24 billion, a P/E ratio of 19.16, a PEG ratio of 1.06 and a beta of 1.12. The company has a quick ratio of 1.29, a current ratio of 1.58 and a debt-to-equity ratio of 3.29.

Las Vegas Sands (NYSE:LVS) last released 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 for the quarter, compared to the consensus estimate of $2.82 billion. During the same period last year, the company earned $0.46 earnings per share. Las Vegas Sands’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities research analysts forecast that Las Vegas Sands Corp. will post 2.48 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Tuesday, August 6th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 38.65%.

Institutional Trading of Las Vegas Sands

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank & Trust Co acquired a new position in Las Vegas Sands in the second quarter valued at approximately $29,000. Delos Wealth Advisors LLC acquired a new position in shares of Las Vegas Sands in the 4th quarter valued at $33,000. Venturi Wealth Management LLC boosted its position in shares of Las Vegas Sands by 150.4% in the 4th quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock worth $34,000 after purchasing an additional 409 shares during the last quarter. Mizuho Securities Co. Ltd. acquired a new stake in shares of Las Vegas Sands during the fourth quarter worth $39,000. Finally, Accent Capital Management LLC acquired a new stake in shares of Las Vegas Sands during the fourth quarter worth $39,000. 39.16% of the stock is owned by institutional investors.

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.