Talon Private Wealth LLC acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,869 shares of the casino operator’s stock, valued at approximately $963,000.
Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in shares of Las Vegas Sands during the 4th quarter valued at approximately $26,000. DV Equities LLC bought a new stake in shares of Las Vegas Sands in the 4th quarter worth approximately $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of Las Vegas Sands in the 4th quarter worth approximately $29,000. Wilmington Savings Fund Society FSB lifted its stake in Las Vegas Sands by 254.8% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock valued at $36,000 after purchasing an additional 400 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in Las Vegas Sands by 182.4% in the third quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock valued at $36,000 after purchasing an additional 434 shares during the last quarter. Institutional investors own 39.16% of the company’s stock.
Analyst Ratings Changes
LVS has been the topic of a number of research reports. Morgan Stanley lowered their price objective on Las Vegas Sands from $68.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Monday. Zacks Research lowered shares of Las Vegas Sands from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 23rd. Susquehanna reduced their target price on shares of Las Vegas Sands from $64.00 to $63.00 and set a “positive” rating for the company in a research note on Wednesday, July 22nd. Seaport Research Partners lowered their price target on shares of Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Finally, Wall Street Zen cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Eleven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $61.88.
Las Vegas Sands Price Performance
Las Vegas Sands stock opened at $48.26 on Wednesday. Las Vegas Sands Corp. has a 52 week low of $44.21 and a 52 week high of $70.45. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 15.27. The stock has a market cap of $31.26 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 1.25 and a beta of 0.83. The business has a 50-day simple moving average of $48.15 and a 200 day simple moving average of $52.93.
Las Vegas Sands (NYSE:LVS – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.17). The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.31 billion. Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the company posted $0.66 earnings per share. On average, research analysts forecast that Las Vegas Sands Corp. will post 3.13 earnings per share for the current fiscal year.
Las Vegas Sands Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 4th. This represents a $1.20 annualized dividend and a dividend yield of 2.5%. Las Vegas Sands’s dividend payout ratio is 46.69%.
Las Vegas Sands Company Profile
Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.
The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.
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