Las Vegas Sands Corp. (NYSE:LVS – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $41.99 and last traded at $42.1590, with a volume of 141038 shares. The stock had previously closed at $42.40.
Wall Street Analyst Weigh In
Several analysts have recently commented on LVS shares. Bank of America reduced their price target on shares of Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. Wall Street Zen cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. The Goldman Sachs Group reduced their target price on Las Vegas Sands from $63.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Susquehanna decreased their price target on Las Vegas Sands from $64.00 to $63.00 and set a “positive” rating on the stock in a research note on Wednesday, July 22nd. Finally, Morgan Stanley lowered their price target on Las Vegas Sands from $68.00 to $61.00 and set an “equal weight” rating for the company in a report on Monday, July 27th. Ten investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $59.84.
View Our Latest Stock Report on LVS
Las Vegas Sands Price Performance
Las Vegas Sands (NYSE:LVS – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.17). Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period in the previous year, the company posted $0.66 EPS. Las Vegas Sands’s revenue was down .7% on a year-over-year basis. As a group, analysts expect that Las Vegas Sands Corp. will post 3.09 EPS for the current year.
Las Vegas Sands Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, August 4th. Las Vegas Sands’s dividend payout ratio is currently 46.69%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC lifted its holdings in Las Vegas Sands by 27.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 9,430 shares of the casino operator’s stock worth $436,000 after buying an additional 2,009 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Las Vegas Sands by 50.0% in the second quarter. Tidal Investments LLC now owns 70,778 shares of the casino operator’s stock worth $3,269,000 after acquiring an additional 23,597 shares in the last quarter. National Pension Service increased its position in shares of Las Vegas Sands by 5.2% during the second quarter. National Pension Service now owns 378,405 shares of the casino operator’s stock worth $17,479,000 after acquiring an additional 18,593 shares during the period. Arizona State Retirement System increased its position in shares of Las Vegas Sands by 3.5% during the second quarter. Arizona State Retirement System now owns 85,620 shares of the casino operator’s stock worth $3,955,000 after acquiring an additional 2,930 shares during the period. Finally, Empirical Finance LLC raised its stake in shares of Las Vegas Sands by 103.7% in the second quarter. Empirical Finance LLC now owns 23,058 shares of the casino operator’s stock valued at $1,065,000 after acquiring an additional 11,739 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.
Las Vegas Sands Company Profile
Las Vegas Sands Corp. (NYSE: LVS) develops and operates integrated resorts that combine casino gaming with hotels, convention and meeting facilities, dining, retail, entertainment and other leisure offerings. The company primarily serves international tourism, business travel and premium gaming markets.
Las Vegas Sands’ principal properties are Marina Bay Sands in Singapore and a portfolio of integrated resorts in Macao, including The Venetian Macao, The Londoner Macao, The Parisian Macao and Four Seasons Hotel Macao.
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