Korea Investment CORP acquired a new stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 439,650 shares of the casino operator's stock, valued at approximately $20,307,000. Korea Investment CORP owned approximately 0.07% of Las Vegas Sands as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. EP Wealth Advisors LLC acquired a new stake in Las Vegas Sands in the second quarter worth $472,000. HughesLittle Investment Management Ltd. acquired a new position in shares of Las Vegas Sands during the second quarter valued at about $5,151,000. Ieq Capital LLC acquired a new position in shares of Las Vegas Sands during the second quarter valued at about $9,321,000. Callan Family Office LLC acquired a new position in shares of Las Vegas Sands during the second quarter valued at about $283,000. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of Las Vegas Sands during the 2nd quarter worth about $256,000. Institutional investors and hedge funds own 39.16% of the company's stock.
Las Vegas Sands Price Performance
LVS stock opened at $47.04 on Monday. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.99 and a current ratio of 1.00. The business has a 50-day simple moving average of $46.69 and a two-hundred day simple moving average of $51.37. The company has a market capitalization of $30.47 billion, a P/E ratio of 18.30, a price-to-earnings-growth ratio of 1.16 and a beta of 0.85. Las Vegas Sands Corp. has a 52-week low of $44.21 and a 52-week high of $70.45.
Las Vegas Sands (NYSE:LVS - Get Free Report) last issued 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). The company had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $3.31 billion. Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The business's revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share. Research analysts expect that Las Vegas Sands Corp. will post 3.09 EPS for the current fiscal year.
Las Vegas Sands Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 4th. This represents a $1.20 annualized dividend and a yield of 2.6%. Las Vegas Sands's dividend payout ratio (DPR) is 46.69%.
Analyst Upgrades and Downgrades
Several analysts have recently commented on LVS shares. Weiss Ratings downgraded Las Vegas Sands from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, May 26th. Wells Fargo & Company dropped their price target on Las Vegas Sands from $65.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 14th. UBS Group set a $52.00 price target on Las Vegas Sands in a report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $62.00 price objective (down from $73.00) on shares of Las Vegas Sands in a research note on Thursday, July 23rd. Finally, Mizuho decreased their price objective on Las Vegas Sands from $67.00 to $61.00 and set an "outperform" rating for the company in a report on Thursday, July 23rd. Ten equities research 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. According to MarketBeat.com, Las Vegas Sands has a consensus rating of "Hold" and an average price target of $61.88.
Check Out Our Latest Stock Analysis on Las Vegas Sands
About Las Vegas Sands
(
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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