Callan Family Office LLC Makes New Investment in Las Vegas Sands Corp. $LVS

Key Points

• Callan Family Office LLC has acquired a new position in Las Vegas Sands Corp., purchasing 5,146 shares valued at approximately $224,000 during the second quarter.
• The company has received positive analyst ratings, with Wall Street Zen upgrading it from a "hold" to a "buy" and JPMorgan Chase raising their price target from $56.00 to $60.00.
• Las Vegas Sands announced a quarterly dividend of $0.25 per share, representing a 2.0% dividend yield and a 50.51% payout ratio.

Callan Family Office LLC purchased a new position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,146 shares of the casino operator's stock, valued at approximately $224,000.

Several other institutional investors and hedge funds have also modified their holdings of LVS. US Bancorp DE increased its stake in Las Vegas Sands by 19.0% during the 2nd quarter. US Bancorp DE now owns 132,690 shares of the casino operator's stock worth $5,773,000 after purchasing an additional 21,207 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Las Vegas Sands in the second quarter valued at approximately $218,000. Hilltop National Bank bought a new stake in shares of Las Vegas Sands during the second quarter worth $44,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Las Vegas Sands by 7.4% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,904 shares of the casino operator's stock worth $1,823,000 after acquiring an additional 2,899 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in Las Vegas Sands by 110.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 25,576 shares of the casino operator's stock valued at $1,113,000 after acquiring an additional 13,395 shares in the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LVS shares. Wall Street Zen upgraded Las Vegas Sands from a "hold" rating to a "buy" rating in a report on Sunday, September 7th. JPMorgan Chase & Co. upgraded Las Vegas Sands from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $56.00 to $60.00 in a report on Thursday. Morgan Stanley boosted their target price on Las Vegas Sands from $50.00 to $57.00 and gave the company an "equal weight" rating in a research note on Thursday, September 11th. The Goldman Sachs Group decreased their price target on shares of Las Vegas Sands from $59.00 to $58.00 and set a "neutral" rating for the company in a research note on Wednesday, October 1st. Finally, Citigroup reiterated a "buy" rating on shares of Las Vegas Sands in a report on Wednesday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $60.47.

Las Vegas Sands Stock Up 0.1%

NYSE:LVS opened at $49.06 on Friday. Las Vegas Sands Corp. has a twelve month low of $30.18 and a twelve month high of $58.05. The firm has a market capitalization of $33.68 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 1.80 and a beta of 1.01. The company has a quick ratio of 1.21, a current ratio of 1.22 and a debt-to-equity ratio of 6.53. The stock's 50 day moving average price is $53.52 and its two-hundred day moving average price is $46.02.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its earnings results on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.26. The business had revenue of $3.18 billion during the quarter, compared to analysts' expectations of $2.83 billion. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The firm's revenue was up 15.0% on a year-over-year basis. During the same period last year, the business earned $0.55 earnings per share. Equities research analysts expect that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Tuesday, August 5th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, August 5th. This represents a $1.00 annualized dividend and a dividend yield of 2.0%. Las Vegas Sands's payout ratio is currently 50.51%.

About Las Vegas Sands

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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