Las Vegas Sands Corp. $LVS Shares Sold by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management SPA SGR sold 36,475 shares of Las Vegas Sands Corp., reducing its holdings by 59.5% in the second quarter, leaving them with 24,852 shares valued at approximately $1.08 million.
• Las Vegas Sands reported a quarterly revenue of $3.18 billion, significantly surpassing analyst expectations of $2.83 billion, with earnings per share of $0.79, exceeding the consensus estimate by $0.26.
• The company announced a quarterly dividend of $0.25, equating to an annualized dividend of $1.00 and a yield of 2.1%, with a payout ratio of 50.51%.

Generali Asset Management SPA SGR lowered its holdings in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 59.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,852 shares of the casino operator's stock after selling 36,475 shares during the period. Generali Asset Management SPA SGR's holdings in Las Vegas Sands were worth $1,081,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LVS. MassMutual Private Wealth & Trust FSB increased its position in shares of Las Vegas Sands by 37.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator's stock worth $38,000 after acquiring an additional 239 shares in the last quarter. Center for Financial Planning Inc. acquired a new stake in shares of Las Vegas Sands in the first quarter worth $42,000. Hilltop National Bank acquired a new stake in shares of Las Vegas Sands in the second quarter worth $44,000. Farther Finance Advisors LLC increased its position in shares of Las Vegas Sands by 133.1% in the first quarter. Farther Finance Advisors LLC now owns 1,499 shares of the casino operator's stock worth $59,000 after acquiring an additional 856 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of Las Vegas Sands by 53.8% in the second quarter. UMB Bank n.a. now owns 1,361 shares of the casino operator's stock worth $59,000 after acquiring an additional 476 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company's stock.

Las Vegas Sands Price Performance

Shares of LVS stock opened at $48.55 on Friday. The firm has a market cap of $33.33 billion, a P/E ratio of 24.52, a P/E/G ratio of 1.80 and a beta of 1.01. 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 1-year low of $30.18 and a 1-year high of $58.05. The firm has a fifty day moving average of $53.44 and a two-hundred day moving average of $46.08.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.26. The company had revenue of $3.18 billion during 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 firm's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period last year, the business earned $0.55 EPS. As a group, research analysts anticipate that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Tuesday, August 5th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. Las Vegas Sands's payout ratio is 50.51%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on LVS shares. The Goldman Sachs Group lowered their price target on shares of Las Vegas Sands from $59.00 to $58.00 and set a "neutral" rating for the company in a report on Wednesday, October 1st. UBS Group raised their price target on shares of Las Vegas Sands from $55.00 to $65.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. Bank of America raised their price target on shares of Las Vegas Sands from $52.50 to $58.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Citigroup reaffirmed a "buy" rating on shares of Las Vegas Sands in a report on Wednesday, July 9th. Finally, Susquehanna lowered their price target on shares of Las Vegas Sands from $59.00 to $58.00 and set a "positive" rating for the company in a report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $60.47.

About Las Vegas Sands

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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