Talon Private Wealth LLC Makes New $736,000 Investment in Las Vegas Sands Corp. $LVS

Key Points

• Talon Private Wealth LLC purchased about 19,050 shares of Las Vegas Sands Corp. for approximately $736,000 during the first quarter.
• Las Vegas Sands reported a 15.0% year-over-year increase in revenue, reaching $3.18 billion and exceeded earnings estimates by $0.26 per share.
• Analysts have set new price targets for Las Vegas Sands, with estimates ranging from $56.00 to $65.00, reflecting a consensus rating of "Moderate Buy" for the stock.

Talon Private Wealth LLC bought a new stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 19,050 shares of the casino operator's stock, valued at approximately $736,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Empirical Finance LLC raised its holdings in Las Vegas Sands by 4.8% during the first quarter. Empirical Finance LLC now owns 11,686 shares of the casino operator's stock worth $451,000 after purchasing an additional 532 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in Las Vegas Sands by 2.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 22,870 shares of the casino operator's stock valued at $883,000 after buying an additional 569 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Las Vegas Sands by 1.4% during the first quarter. State of Alaska Department of Revenue now owns 40,250 shares of the casino operator's stock valued at $1,554,000 after acquiring an additional 570 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in Las Vegas Sands by 2.3% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 26,848 shares of the casino operator's stock worth $1,037,000 after purchasing an additional 614 shares in the last quarter. Finally, Baird Financial Group Inc. raised its stake in Las Vegas Sands by 18.6% in the 4th quarter. Baird Financial Group Inc. now owns 5,215 shares of the casino operator's stock valued at $268,000 after purchasing an additional 818 shares during the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Stock Performance

Shares of NYSE:LVS traded up $0.41 during trading on Wednesday, hitting $54.41. 4,945,149 shares of the company traded hands, compared to its average volume of 5,570,954. The company has a quick ratio of 1.21, a current ratio of 1.22 and a debt-to-equity ratio of 6.53. The business's fifty day moving average is $52.42 and its 200-day moving average is $44.31. The stock has a market capitalization of $37.35 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 1.96 and a beta of 1.04. Las Vegas Sands Corp. has a one year low of $30.18 and a one year high of $58.05.

Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its earnings results 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. Las Vegas Sands had a return on equity of 55.37% and a net margin of 12.16%.The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the company earned $0.55 earnings per share. The firm's revenue for the quarter was up 15.0% on a year-over-year basis. As a group, equities analysts predict 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 announced a quarterly dividend, which was paid on Wednesday, August 13th. Investors of record on Tuesday, August 5th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.8%. The ex-dividend date was Tuesday, August 5th. Las Vegas Sands's dividend payout ratio (DPR) is currently 50.51%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Las Vegas Sands from $47.00 to $56.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Argus raised Las Vegas Sands from a "hold" rating to a "buy" rating and set a $60.00 price objective on the stock in a research note on Monday, July 28th. Wall Street Zen raised Las Vegas Sands from a "hold" rating to a "buy" rating in a research report on Sunday. Susquehanna decreased their target price on Las Vegas Sands from $59.00 to $58.00 and set a "positive" rating for the company in a research report on Monday, July 21st. Finally, Macquarie increased their target price on Las Vegas Sands from $52.00 to $58.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $59.00.

Las Vegas Sands 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.