Deutsche Bank AG Acquires 283,455 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Key Points

• Deutsche Bank AG increased its stake in Las Vegas Sands Corp. by 21.1%, owning nearly 1.63 million shares valued at approximately $62.96 million as of the last quarter.
• Las Vegas Sands reported earnings per share of $0.79 for the last quarter, exceeding estimates and showing a 15% year-over-year revenue increase of $3.18 billion.
• The company has authorized a stock buyback plan worth $2 billion, indicating management's belief that the stock is undervalued, alongside a planned quarterly dividend of $0.25 per share.

Deutsche Bank AG lifted its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 21.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,629,899 shares of the casino operator's stock after buying an additional 283,455 shares during the quarter. Deutsche Bank AG owned about 0.23% of Las Vegas Sands worth $62,963,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of LVS. Optiver Holding B.V. acquired a new stake in shares of Las Vegas Sands during the 4th quarter worth approximately $32,000. Center for Financial Planning Inc. acquired a new stake in shares of Las Vegas Sands during the 1st quarter worth approximately $42,000. Farther Finance Advisors LLC grew its position in shares of Las Vegas Sands by 133.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,499 shares of the casino operator's stock worth $59,000 after buying an additional 856 shares during the period. GeoWealth Management LLC grew its position in shares of Las Vegas Sands by 104.7% during the 4th quarter. GeoWealth Management LLC now owns 1,775 shares of the casino operator's stock worth $91,000 after buying an additional 908 shares during the period. Finally, Neo Ivy Capital Management acquired a new stake in shares of Las Vegas Sands during the 1st quarter worth approximately $127,000. Institutional investors and hedge funds own 39.16% of the company's stock.

Las Vegas Sands Stock Down 0.8%

LVS traded down $0.44 during trading on Friday, reaching $53.68. The company had a trading volume of 3,487,695 shares, compared to its average volume of 5,070,876. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.22 and a quick ratio of 1.21. Las Vegas Sands Corp. has a 12 month low of $30.18 and a 12 month high of $56.60. The business's fifty day moving average price is $48.11 and its 200 day moving average price is $42.95. The company has a market cap of $36.85 billion, a P/E ratio of 27.11, a PEG ratio of 2.05 and a beta of 1.08.

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

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Tuesday, August 5th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, August 5th. Las Vegas Sands's payout ratio is currently 50.51%.

Las Vegas Sands announced that its Board of Directors has approved a share buyback program on Wednesday, April 23rd that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the casino operator to reacquire up to 8.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on LVS shares. UBS Group lifted their price objective on shares of Las Vegas Sands from $48.00 to $55.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Bank of America lifted their price objective on shares of Las Vegas Sands from $52.50 to $58.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Hsbc Global Res raised shares of Las Vegas Sands to a "strong-buy" rating in a research note on Thursday, April 24th. Citigroup reissued a "buy" rating on shares of Las Vegas Sands in a research note on Wednesday, July 9th. Finally, Stifel Nicolaus set a $57.00 price objective on shares of Las Vegas Sands and gave the stock a "buy" rating in a research note on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.33.

Las Vegas Sands Company 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.