Las Vegas Sands Corp. $LVS Position Increased by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. increased its stake in Las Vegas Sands Corp. by 1.6%, now owning 1,913,304 shares worth approximately $73.9 million.
• Las Vegas Sands reported a quarterly earnings per share of $0.79, surpassing analysts' expectations of $0.53, with revenues of $3.18 billion.
• The company recently declared a quarterly dividend of $0.25 per share, amounting to an annual yield of 1.8%.

Ameriprise Financial Inc. grew its position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 1.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,913,304 shares of the casino operator's stock after acquiring an additional 30,404 shares during the quarter. Ameriprise Financial Inc. owned about 0.27% of Las Vegas Sands worth $73,910,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Achmea Investment Management B.V. grew its stake in shares of 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 buying an additional 11,197 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of 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 buying an additional 6,057 shares in the last quarter. Northern Trust Corp grew its stake in shares of Las Vegas Sands by 12.4% in the fourth quarter. Northern Trust Corp now owns 3,088,597 shares of the casino operator's stock valued at $158,630,000 after buying an additional 339,992 shares in the last quarter. American Century Companies Inc. grew its stake in shares of 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 buying an additional 232,091 shares in the last quarter. Finally, Everett Harris & Co. CA acquired a new stake in shares of Las Vegas Sands in the first quarter valued at about $657,000. Institutional investors and hedge funds own 39.16% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LVS shares. Wall Street Zen lowered Las Vegas Sands from a "buy" rating to a "hold" rating in a research note on Saturday. Morgan Stanley increased their target price on Las Vegas Sands from $47.00 to $50.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. UBS Group increased their target price on Las Vegas Sands from $55.00 to $65.00 and gave the company a "neutral" rating in a research note on Thursday. Barclays raised their price objective on Las Vegas Sands from $57.00 to $58.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, Argus upgraded Las Vegas Sands from a "hold" rating to a "buy" rating and set a $60.00 price objective for the company in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.00.

Las Vegas Sands Stock Down 0.1%

NYSE LVS traded down $0.07 during mid-day trading on Monday, reaching $57.65. 3,245,367 shares of the company's stock traded hands, compared to its average volume of 3,777,249. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 6.53. The company has a fifty day simple moving average of $50.80 and a 200-day simple moving average of $43.76. Las Vegas Sands Corp. has a 1-year low of $30.18 and a 1-year high of $58.05. The company has a market cap of $39.57 billion, a price-to-earnings ratio of 29.11, a P/E/G ratio of 2.18 and a beta of 1.04.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its earnings results on Wednesday, July 23rd. The casino operator reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.26. Las Vegas Sands had a return on equity of 55.37% and a net margin of 12.16%.The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the business posted $0.55 EPS. Las Vegas Sands's quarterly revenue was up 15.0% compared to the same quarter last year. As a group, equities research analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Tuesday, August 5th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, August 5th. Las Vegas Sands's dividend payout ratio (DPR) is currently 50.51%.

Las Vegas Sands Company 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.