Las Vegas Sands Corp. (NYSE:LVS) Shares Purchased by Osborne Partners Capital Management LLC

Osborne Partners Capital Management LLC grew its holdings in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 102.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 211,437 shares of the casino operator's stock after purchasing an additional 107,033 shares during the period. Osborne Partners Capital Management LLC's holdings in Las Vegas Sands were worth $8,168,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of LVS. Empowered Funds LLC raised its holdings in shares of Las Vegas Sands by 9.1% in the 4th quarter. Empowered Funds LLC now owns 6,600 shares of the casino operator's stock valued at $339,000 after buying an additional 550 shares during the period. Principal Securities Inc. raised its holdings in shares of Las Vegas Sands by 539.3% in the 4th quarter. Principal Securities Inc. now owns 4,667 shares of the casino operator's stock valued at $240,000 after buying an additional 3,937 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Las Vegas Sands by 10.7% in the 4th quarter. Principal Financial Group Inc. now owns 606,755 shares of the casino operator's stock valued at $31,163,000 after buying an additional 58,683 shares during the period. CIBC Asset Management Inc raised its holdings in shares of Las Vegas Sands by 3.6% in the 4th quarter. CIBC Asset Management Inc now owns 65,765 shares of the casino operator's stock valued at $3,378,000 after buying an additional 2,279 shares during the period. Finally, D.A. Davidson & CO. raised its holdings in shares of Las Vegas Sands by 5.2% in the 4th quarter. D.A. Davidson & CO. now owns 7,166 shares of the casino operator's stock valued at $368,000 after buying an additional 354 shares during the period. Institutional investors and hedge funds own 39.16% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LVS shares. JPMorgan Chase & Co. started coverage on Las Vegas Sands in a report on Monday. They issued a "neutral" rating and a $47.00 price objective on the stock. Hsbc Global Res upgraded Las Vegas Sands to a "strong-buy" rating in a report on Thursday, April 24th. Stifel Nicolaus set a $57.00 price target on Las Vegas Sands and gave the stock a "buy" rating in a report on Thursday, April 24th. Macquarie cut their price target on Las Vegas Sands from $58.00 to $52.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Finally, Barclays cut their price target on Las Vegas Sands from $58.00 to $53.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $55.58.

Las Vegas Sands Stock Up 0.7%

Shares of LVS traded up $0.27 during mid-day trading on Monday, reaching $41.95. The company's stock had a trading volume of 3,226,485 shares, compared to its average volume of 6,000,952. Las Vegas Sands Corp. has a 12-month low of $30.18 and a 12-month high of $56.61. The stock has a market cap of $29.65 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 1.49 and a beta of 1.03. The company has a debt-to-equity ratio of 3.58, a current ratio of 0.59 and a quick ratio of 0.59. The company's 50 day moving average is $39.37 and its 200 day moving average is $42.70.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The casino operator reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). Las Vegas Sands had a net margin of 11.64% and a return on equity of 44.91%. The business had revenue of $2.86 billion during the quarter, compared to analysts' expectations of $2.95 billion. During the same quarter in the previous year, the company posted $0.78 EPS. The company's revenue was down 3.3% compared to the same quarter last year. Equities analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Tuesday, May 6th were given a $0.25 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.38%. Las Vegas Sands's dividend payout ratio (DPR) is presently 55.56%.

Las Vegas Sands announced that its Board of Directors has initiated a share repurchase plan on Wednesday, April 23rd that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the casino operator to repurchase up to 8.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

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.