Silvant Capital Management LLC acquired a new position in Las Vegas Sands Corp. (NYSE:LVS – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 419,004 shares of the casino operator’s stock, valued at approximately $19,354,000. Silvant Capital Management LLC owned about 0.06% of Las Vegas Sands as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in LVS. AQR Capital Management LLC increased its holdings in shares of Las Vegas Sands by 222.7% in the fourth quarter. AQR Capital Management LLC now owns 9,098,518 shares of the casino operator’s stock worth $592,223,000 after buying an additional 6,279,390 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Las Vegas Sands by 4.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 8,582,962 shares of the casino operator’s stock valued at $462,450,000 after acquiring an additional 396,705 shares during the period. Bank of New York Mellon Corp grew its position in Las Vegas Sands by 18.7% during the 4th quarter. Bank of New York Mellon Corp now owns 7,893,031 shares of the casino operator’s stock worth $513,757,000 after acquiring an additional 1,246,206 shares during the last quarter. Norges Bank bought a new position in Las Vegas Sands during the 4th quarter worth approximately $364,892,000. Finally, Dimensional Fund Advisors LP increased its stake in Las Vegas Sands by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,780,266 shares of the casino operator’s stock worth $203,616,000 after purchasing an additional 90,690 shares during the period. 39.16% of the stock is owned by institutional investors.
Las Vegas Sands Stock Down 1.2%
Shares of Las Vegas Sands stock opened at $46.00 on Friday. Las Vegas Sands Corp. has a 1 year low of $44.21 and a 1 year high of $70.45. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.00 and a quick ratio of 0.99. The firm has a market cap of $29.79 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 1.15 and a beta of 0.85. The company has a 50-day moving average of $46.77 and a 200 day moving average of $51.43.
Las Vegas Sands Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Tuesday, August 4th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. Las Vegas Sands’s dividend payout ratio (DPR) is 46.69%.
Wall Street Analyst Weigh In
Several analysts have weighed in on LVS shares. JPMorgan Chase & Co. lowered their price objective on Las Vegas Sands from $64.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Mizuho decreased their price objective on shares of Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Wells Fargo & Company cut their target price on Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 14th. Jefferies Financial Group boosted their price target on Las Vegas Sands from $61.00 to $63.00 and gave the company a “hold” rating in a report on Thursday, April 23rd. Finally, UBS Group set a $52.00 price target on Las Vegas Sands in a research report on Thursday, July 2nd. Ten equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $61.88.
Get Our Latest Stock Report on LVS
About Las Vegas Sands
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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