150,094 Shares in Las Vegas Sands Corp. $LVS Bought by Tocqueville Asset Management L.P.

Key Points

• Tocqueville Asset Management acquired 150,094 Las Vegas Sands shares worth approximately $6.9 million, while institutional investors and hedge funds collectively own 39.16% of the company.
• Las Vegas Sands reported quarterly EPS of $0.59 and revenue of $3.15 billion, both below analyst expectations, with revenue down 0.7% year over year.
• The company maintains a quarterly dividend of $0.30 per share, equivalent to $1.20 annually and a 2.6% yield. Analysts’ average rating is “Hold,” with an average price target of $61.88 versus the reported share price of $46.59.

Tocqueville Asset Management L.P. bought a new position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 150,094 shares of the casino operator's stock, valued at approximately $6,933,000.

Other institutional investors and hedge funds have also recently 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 about $26,000. DV Equities LLC acquired a new position in shares of Las Vegas Sands in the 4th quarter valued at approximately $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in Las Vegas Sands during the 4th quarter worth approximately $29,000. Wilmington Savings Fund Society FSB increased its stake in Las Vegas Sands by 254.8% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator's stock worth $36,000 after purchasing an additional 400 shares in the last quarter. Finally, Activest Wealth Management raised its holdings in Las Vegas Sands by 1,208.0% during the 4th quarter. Activest Wealth Management now owns 654 shares of the casino operator's stock worth $43,000 after buying an additional 604 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Trading Up 2.5%

NYSE:LVS opened at $46.59 on Thursday. The company has a market cap of $30.18 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 1.12 and a beta of 0.85. Las Vegas Sands Corp. has a twelve month low of $44.21 and a twelve month high of $70.45. The business has a 50 day moving average price of $46.86 and a two-hundred day moving average price of $51.48. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 15.27.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.17). The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.31 billion. Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. Las Vegas Sands's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the business earned $0.66 earnings per share. As a group, analysts expect that Las Vegas Sands Corp. will post 3.09 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Tuesday, August 4th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. Las Vegas Sands's dividend payout ratio (DPR) is 46.69%.

Analyst Upgrades and Downgrades

LVS has been the subject of several research analyst reports. Argus cut shares of Las Vegas Sands from a "buy" rating to a "hold" rating in a report on Thursday, July 30th. Mizuho dropped 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 report on Thursday, July 23rd. Susquehanna cut their price objective on shares of Las Vegas Sands from $64.00 to $63.00 and set a "positive" rating on the stock in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. reduced their target price on shares of Las Vegas Sands from $64.00 to $60.00 and set an "overweight" rating for the company in a research note on Thursday, July 23rd. Finally, UBS Group set a $52.00 target price on Las Vegas Sands in a report on Thursday, July 2nd. Ten investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Las Vegas Sands presently has an average rating of "Hold" and an average price target of $61.88.

Las Vegas Sands 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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