United Services Automobile Association Acquires New Holdings in Las Vegas Sands Corp. $LVS

Key Points

• United Services Automobile Association has acquired 7,878 shares of Las Vegas Sands Corp., valued at approximately $301,000, in the first quarter of 2023.
• Las Vegas Sands announced a quarterly dividend of $0.25 per share, representing a 1.9% dividend yield and a payout ratio of 50.51%.
• Despite a recent decline in stock price by 2.2%, analysts maintain a generally positive outlook, with a consensus rating of "Moderate Buy" and an average target price of $59.47 for Las Vegas Sands shares.

United Services Automobile Association acquired a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 7,878 shares of the casino operator's stock, valued at approximately $301,000.

A number of other hedge funds also recently made changes to their positions in the stock. Caxton Associates LLP bought a new position in shares of Las Vegas Sands during the 1st quarter valued at approximately $774,000. Sciencast Management LP bought a new position in shares of Las Vegas Sands during the 1st quarter valued at approximately $2,851,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Las Vegas Sands during the 1st quarter valued at approximately $4,401,000. Stance Capital LLC bought a new position in shares of Las Vegas Sands during the 1st quarter valued at approximately $2,206,000. Finally, Talon Private Wealth LLC bought a new position in shares of Las Vegas Sands during the 1st quarter valued at approximately $736,000. 39.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LVS. Macquarie boosted their price objective 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. UBS Group boosted their price target on Las Vegas Sands from $55.00 to $65.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. Mizuho boosted their price target on Las Vegas Sands from $47.00 to $56.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Morgan Stanley boosted their price target on Las Vegas Sands from $50.00 to $57.00 and gave the stock an "equal weight" rating in a report on Thursday, September 11th. Finally, Susquehanna lowered their price target on Las Vegas Sands from $59.00 to $58.00 and set a "positive" rating on the stock in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Las Vegas Sands currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.47.

Las Vegas Sands Trading Up 0.9%

Shares of NYSE LVS traded up $0.49 during trading hours on Thursday, hitting $53.20. 4,335,718 shares of the company traded hands, compared to its average volume of 4,642,526. The stock has a market capitalization of $36.52 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 1.92 and a beta of 1.04. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 6.53. The company's 50 day moving average price is $53.06 and its 200 day moving average price is $44.74. Las Vegas Sands Corp. has a 12 month low of $30.18 and a 12 month high of $58.05.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The casino operator reported $0.79 EPS for the quarter, beating the consensus estimate of $0.53 by $0.26. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $2.83 billion. Las Vegas Sands had a return on equity of 55.37% and a net margin of 12.16%.Las Vegas Sands's quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.55 EPS. On average, equities 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 disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Investors of record on Tuesday, August 5th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. Las Vegas Sands's payout ratio is 50.51%.

Las Vegas Sands Company 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.