Cwm LLC Has $2.51 Million Position in Las Vegas Sands Corp. $LVS

Cwm LLC raised its stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 450.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,636 shares of the casino operator's stock after buying an additional 47,162 shares during the quarter. Cwm LLC's holdings in Las Vegas Sands were worth $2,508,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Aberdeen Group plc grew its position in shares of Las Vegas Sands by 4.5% during the 2nd quarter. Aberdeen Group plc now owns 246,599 shares of the casino operator's stock worth $10,730,000 after buying an additional 10,637 shares during the period. Callan Family Office LLC acquired a new position in shares of Las Vegas Sands during the 2nd quarter worth about $224,000. US Bancorp DE grew its position in shares of 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 buying an additional 21,207 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Las Vegas Sands during the 2nd quarter worth about $218,000. Finally, Hilltop National Bank acquired a new position in shares of Las Vegas Sands in the 2nd quarter valued at approximately $44,000. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LVS has been the subject of several research analyst reports. Macquarie boosted their price objective on Las Vegas Sands from $52.00 to $58.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Bank of America boosted their price objective on Las Vegas Sands from $52.50 to $58.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Citigroup reiterated a "buy" rating on shares of Las Vegas Sands in a research report on Wednesday, July 9th. Susquehanna decreased their price objective on Las Vegas Sands from $59.00 to $58.00 and set a "positive" rating for the company in a research report on Monday, July 21st. Finally, Zacks Research upgraded Las Vegas Sands from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $60.47.

Las Vegas Sands Trading Down 1.2%

NYSE LVS opened at $48.55 on Friday. The stock has a market capitalization of $33.33 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 1.78 and a beta of 1.01. The stock's 50 day moving average price is $53.44 and its two-hundred day moving average price is $46.13. The company has a debt-to-equity ratio of 6.53, a quick ratio of 1.21 and a current ratio of 1.22. Las Vegas Sands Corp. has a 52 week low of $30.18 and a 52 week high of $58.05.

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, beating the consensus estimate of $0.53 by $0.26. The firm had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $2.83 billion. Las Vegas Sands had a return on equity of 55.37% and a net margin of 12.16%.The business's quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 EPS. As a group, analysts anticipate 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 announced a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Tuesday, August 5th were paid a $0.25 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $1.00 annualized dividend and a yield of 2.1%. Las Vegas Sands's payout ratio is presently 50.51%.

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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