Danske Bank A S Has $20.41 Million Stock Position in Las Vegas Sands Corp. $LVS

Key Points

• Danske Bank A/S boosted its stake in Las Vegas Sands by 109.5% to 313,566 shares, a position valued at about $20.41 million at the end of the quarter.
• Las Vegas Sands beat expectations with quarterly EPS of $0.91 (vs. $0.76 consensus) and revenue of $3.59 billion, up 25.3% year‑over‑year.
• The company announced a quarterly dividend of $0.30 per share (annualized $1.20, ~2.2% yield), while CEO Patrick Dumont sold 60,165 shares for roughly $3.29 million, trimming his stake by about 10.5%.

Danske Bank A S grew its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 109.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 313,566 shares of the casino operator's stock after buying an additional 163,907 shares during the quarter. Danske Bank A S's holdings in Las Vegas Sands were worth $20,410,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. GenTrust LLC acquired a new position in shares of Las Vegas Sands during the fourth quarter valued at about $392,000. Citizens Financial Group Inc. RI acquired a new position in shares of Las Vegas Sands during the fourth quarter valued at about $278,000. Activest Wealth Management grew its holdings in shares of Las Vegas Sands by 1,208.0% during the fourth quarter. Activest Wealth Management now owns 654 shares of the casino operator's stock valued at $43,000 after buying an additional 604 shares during the last quarter. US Bancorp DE grew its holdings in shares of Las Vegas Sands by 9.3% during the fourth quarter. US Bancorp DE now owns 158,217 shares of the casino operator's stock valued at $10,298,000 after buying an additional 13,408 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. grew its holdings in shares of Las Vegas Sands by 5.2% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 34,045 shares of the casino operator's stock valued at $2,216,000 after buying an additional 1,676 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Las Vegas Sands Stock Performance

NYSE LVS opened at $53.85 on Friday. The company's 50 day moving average is $54.66 and its 200-day moving average is $59.08. Las Vegas Sands Corp. has a 12-month low of $37.24 and a 12-month high of $70.45. The company has a quick ratio of 1.13, a current ratio of 0.92 and a debt-to-equity ratio of 8.64. The firm has a market cap of $35.68 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 1.23 and a beta of 0.85.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.15. Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. The company had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The company's quarterly revenue was up 25.3% compared to the same quarter last year. Sell-side analysts predict that Las Vegas Sands Corp. will post 3.35 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, May 5th. Las Vegas Sands's dividend payout ratio is 44.44%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of Las Vegas Sands from $61.00 to $63.00 and gave the company a "hold" rating in a report on Thursday, April 23rd. Citigroup boosted their price target on shares of Las Vegas Sands from $76.75 to $78.50 and gave the stock a "buy" rating in a report on Monday, April 13th. Wall Street Zen cut shares of Las Vegas Sands from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 14th. Argus cut their price target on shares of Las Vegas Sands from $80.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, January 30th. Finally, HSBC boosted their price target on shares of Las Vegas Sands from $73.00 to $78.00 and gave the stock a "buy" rating in a report on Thursday, April 23rd. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Las Vegas Sands currently has an average rating of "Moderate Buy" and an average target price of $68.28.

Insiders Place Their Bets

In related news, CEO Patrick Dumont sold 60,165 shares of the company's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $54.75, for a total transaction of $3,294,033.75. Following the sale, the chief executive officer owned 511,942 shares of the company's stock, valued at approximately $28,028,824.50. This represents a 10.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.55% of the company's stock.

Las Vegas Sands Company Profile

Las Vegas Sands NYSE: LVS is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company's operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company's portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.

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