Danske Bank A S purchased a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 306,502 shares of the casino operator's stock, valued at approximately $14,157,000.
Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC bought a new position in shares of Las Vegas Sands in the fourth quarter worth about $26,000. DV Equities LLC bought a new stake in Las Vegas Sands during the 4th quarter valued at approximately $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in Las Vegas Sands in the 4th quarter worth approximately $29,000. Wilmington Savings Fund Society FSB lifted its holdings in Las Vegas Sands by 254.8% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator's stock worth $36,000 after purchasing an additional 400 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in Las Vegas Sands by 182.4% in the 3rd quarter. IFP Advisors Inc now owns 672 shares of the casino operator's stock worth $36,000 after purchasing an additional 434 shares during the period. 39.16% of the stock is currently owned by hedge funds and other institutional investors.
Las Vegas Sands Stock Performance
NYSE LVS opened at $46.00 on Friday. The business's 50 day moving average price is $46.77 and its 200-day moving average price is $51.43. Las Vegas Sands Corp. has a fifty-two week low of $44.21 and a fifty-two week high of $70.45. The company has a market cap of $29.79 billion, a P/E ratio of 17.90, a P/E/G ratio of 1.15 and a beta of 0.85. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.99 and a current ratio of 1.00.
Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.17). Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The firm had revenue of $3.15 billion for the quarter, compared to analysts' expectations of $3.31 billion. During the same period in the previous year, the firm earned $0.66 earnings per share. The firm's quarterly revenue was down .7% compared to the same quarter last year. Sell-side analysts predict that Las Vegas Sands Corp. will post 3.09 earnings per share for the current year.
Las Vegas Sands Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Tuesday, August 4th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. Las Vegas Sands's payout ratio is currently 46.69%.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on LVS shares. Wells Fargo & Company cut their price objective on shares of Las Vegas Sands from $65.00 to $53.00 and set an "equal weight" rating for the company in a report on Tuesday, July 14th. Argus lowered shares of Las Vegas Sands from a "buy" rating to a "hold" rating in a research report on Thursday, July 30th. HSBC raised their target price on shares of Las Vegas Sands from $73.00 to $78.00 and gave the company a "buy" rating in a research note on Thursday, April 23rd. The Goldman Sachs Group decreased their price target on shares of Las Vegas Sands from $63.00 to $55.00 and set a "buy" rating on the stock in a research note on Thursday, July 23rd. Finally, Bank of America decreased their target price on Las Vegas Sands from $70.00 to $60.00 and set a "neutral" rating on the stock in a research report on Monday, July 20th. Ten investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $61.88.
Check Out Our Latest Analysis on LVS
Las Vegas Sands Company Profile
(
Free Report)
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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