Mitsubishi UFJ Trust & Banking Corp Buys 21,767 Shares of Las Vegas Sands Corp. $LVS

Key Points

• Mitsubishi UFJ Trust & Banking increased its Las Vegas Sands stake by 8.4% in the second quarter, purchasing 21,767 additional shares and bringing its holdings to 281,430 shares valued at approximately $13 million. Institutional investors collectively own 39.16% of the company.
• Las Vegas Sands reported quarterly revenue of $3.15 billion and EPS of $0.59, missing analyst expectations of $3.31 billion and $0.76, respectively. Revenue declined 0.7% year over year.
• The company pays a quarterly dividend of $0.30 per share, equivalent to a $1.20 annualized dividend and a 2.6% yield. Analysts maintain a consensus rating of “Hold”, with an average price target of $61.88 versus the reported share price of $46.21.

Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 8.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 281,430 shares of the casino operator's stock after purchasing an additional 21,767 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Las Vegas Sands were worth $12,999,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently 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 valued at $26,000. DV Equities LLC bought a new stake in Las Vegas Sands during the fourth quarter worth $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in Las Vegas Sands in the fourth quarter valued at $29,000. Wilmington Savings Fund Society FSB lifted its stake in Las Vegas Sands by 254.8% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator's stock valued at $36,000 after acquiring an additional 400 shares during the last quarter. Finally, IFP Advisors Inc grew its position in shares of Las Vegas Sands by 182.4% in the 3rd quarter. IFP Advisors Inc now owns 672 shares of the casino operator's stock valued at $36,000 after acquiring an additional 434 shares during the period. Institutional investors own 39.16% of the company's stock.

Las Vegas Sands Stock Performance

NYSE LVS opened at $46.21 on Friday. The firm has a 50-day moving average of $47.17 and a 200-day moving average of $51.80. 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 stock has a market cap of $29.93 billion, a PE ratio of 17.98, a P/E/G ratio of 1.14 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 announced its earnings results 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 company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the previous year, the firm posted $0.66 EPS. The business's quarterly revenue was down .7% on a year-over-year basis. On average, sell-side analysts anticipate that Las Vegas Sands Corp. will post 3.09 EPS for the current 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 given 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 research firms have recently weighed in on LVS. Citigroup lowered their price objective on shares of Las Vegas Sands from $78.50 to $73.00 and set a "buy" rating on the stock in a research note on Friday, July 10th. Wall Street Zen downgraded shares of Las Vegas Sands from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. Stifel Nicolaus reduced their price target on Las Vegas Sands from $74.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, July 23rd. The Goldman Sachs Group lowered their price target on Las Vegas Sands from $63.00 to $55.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. Finally, Jefferies Financial Group upped their price objective on Las Vegas Sands from $61.00 to $63.00 and gave the company a "hold" rating in a research note on Thursday, April 23rd. Ten investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $61.88.

Las Vegas Sands Profile

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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