Asset Management One Co. Ltd. increased its position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 8.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 150,120 shares of the casino operator's stock after buying an additional 12,251 shares during the period. Asset Management One Co. Ltd.'s holdings in Las Vegas Sands were worth $5,799,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Optiver Holding B.V. acquired a new position in Las Vegas Sands during the 4th quarter worth $32,000. Brown Brothers Harriman & Co. bought a new position in shares of Las Vegas Sands in the fourth quarter worth about $36,000. Center for Financial Planning Inc. acquired a new position in shares of Las Vegas Sands during the 1st quarter worth about $42,000. Smartleaf Asset Management LLC boosted its stake in Las Vegas Sands by 63.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 885 shares of the casino operator's stock valued at $45,000 after purchasing an additional 342 shares during the period. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in Las Vegas Sands in the 4th quarter valued at approximately $50,000. 39.16% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on LVS. Stifel Nicolaus set a $57.00 price target on Las Vegas Sands and gave the stock a "buy" rating in a report on Thursday, April 24th. Barclays dropped their target price on shares of Las Vegas Sands from $58.00 to $53.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Hsbc Global Res raised shares of Las Vegas Sands to a "strong-buy" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. began coverage on shares of Las Vegas Sands in a report on Monday, June 23rd. They set a "neutral" rating and a $47.00 price objective on the stock. Finally, Macquarie cut their price objective on shares of Las Vegas Sands from $58.00 to $52.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $55.58.
View Our Latest Stock Report on Las Vegas Sands
Las Vegas Sands Price Performance
NYSE LVS traded down $0.57 during trading on Monday, reaching $43.55. 5,058,638 shares of the company traded hands, compared to its average volume of 5,872,350. Las Vegas Sands Corp. has a 1-year low of $30.18 and a 1-year high of $56.61. The company has a market cap of $30.77 billion, a price-to-earnings ratio of 24.19, a P/E/G ratio of 1.58 and a beta of 1.03. The stock's 50 day moving average price is $40.23 and its two-hundred day moving average price is $42.38. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.59 and a current ratio of 0.59.
Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The casino operator reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). Las Vegas Sands had a net margin of 11.64% and a return on equity of 44.91%. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same period in the prior year, the firm earned $0.78 EPS. Las Vegas Sands's quarterly revenue was down 3.3% compared to the same quarter last year. As a group, analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current year.
Las Vegas Sands declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, April 23rd that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the casino operator to purchase up to 8.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its stock is undervalued.
Las Vegas Sands Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Tuesday, May 6th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $1.00 annualized dividend and a dividend yield of 2.30%. Las Vegas Sands's dividend payout ratio is presently 55.56%.
Las Vegas Sands Company Profile
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Free Report)
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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