Allianz Asset Management GmbH Has $2.16 Million Holdings in Las Vegas Sands Corp. $LVS

Key Points

• Allianz Asset Management GmbH reduced its holdings in Las Vegas Sands Corp. by 21.8% in Q2, now owning 49,583 shares valued at approximately $2.16 million.
• Las Vegas Sands reported a quarterly earnings per share (EPS) of $0.78, exceeding expectations by $0.16, with year-over-year revenue growth of 24.2%.
• The company announced a quarterly dividend of $0.25 per share, representing an annualized yield of 1.7%, with a payout ratio of 50.51%.

Allianz Asset Management GmbH lessened its position in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 21.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 49,583 shares of the casino operator's stock after selling 13,783 shares during the period. Allianz Asset Management GmbH's holdings in Las Vegas Sands were worth $2,157,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Achmea Investment Management B.V. grew its stake in Las Vegas Sands by 55.4% in the first quarter. Achmea Investment Management B.V. now owns 31,411 shares of the casino operator's stock valued at $1,213,000 after acquiring an additional 11,197 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Las Vegas Sands by 18.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,005 shares of the casino operator's stock valued at $1,489,000 after acquiring an additional 6,057 shares during the period. American Century Companies Inc. grew its stake in Las Vegas Sands by 69.3% in the first quarter. American Century Companies Inc. now owns 567,101 shares of the casino operator's stock valued at $21,907,000 after acquiring an additional 232,091 shares during the period. Northern Trust Corp grew its stake in Las Vegas Sands by 0.4% in the first quarter. Northern Trust Corp now owns 3,101,190 shares of the casino operator's stock valued at $119,799,000 after acquiring an additional 12,593 shares during the period. Finally, Ground Swell Capital LLC acquired a new stake in Las Vegas Sands in the first quarter valued at approximately $225,000. Institutional investors and hedge funds own 39.16% of the company's stock.

Las Vegas Sands Stock Performance

NYSE LVS opened at $57.55 on Friday. Las Vegas Sands Corp. has a 52-week low of $30.18 and a 52-week high of $58.29. The company has a 50-day simple moving average of $53.36 and a 200 day simple moving average of $46.73. The company has a debt-to-equity ratio of 6.53, a quick ratio of 1.21 and a current ratio of 1.22. The company has a market capitalization of $39.51 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 2.01 and a beta of 1.01.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings data on Wednesday, October 22nd. The casino operator reported $0.78 EPS for the quarter, topping the consensus estimate of $0.62 by $0.16. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.04 billion. Las Vegas Sands had a net margin of 12.69% and a return on equity of 66.94%. The company's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 earnings per share. On average, research analysts predict that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Tuesday, November 4th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, November 4th. This represents a $1.00 annualized dividend and a yield of 1.7%. Las Vegas Sands's payout ratio is currently 50.51%.

Analysts Set New Price Targets

Several brokerages recently issued reports on LVS. Weiss Ratings reiterated a "hold (c)" rating on shares of Las Vegas Sands in a report on Wednesday, October 8th. Barclays increased their target price on shares of Las Vegas Sands from $59.00 to $62.00 and gave the company an "overweight" rating in a report on Thursday. Wall Street Zen upgraded shares of Las Vegas Sands from a "hold" rating to a "buy" rating in a report on Sunday, September 7th. Bank of America upped their price objective on shares of Las Vegas Sands from $52.50 to $58.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Morgan Stanley boosted their target price on Las Vegas Sands from $50.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 11th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $63.73.

Las Vegas Sands Profile

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.

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