Westbourne Investments Inc. Acquires New Holdings in Las Vegas Sands Corp. $LVS

Key Points

• Westbourne Investments Inc. acquired 10,000 shares of Las Vegas Sands Corp. during the second quarter, valued at approximately $435,000.
• The company reported earnings per share of $0.79 for the last quarter, exceeding analyst estimates, and achieved revenue growth of 15% year-over-year.
• Analysts have mixed recommendations on Las Vegas Sands, with a consensus rating of "Moderate Buy" and an average price target of $59.47.

Westbourne Investments Inc. acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,000 shares of the casino operator's stock, valued at approximately $435,000.

Several other institutional investors also recently bought and sold shares of the business. Achmea Investment Management B.V. boosted its stake in shares of Las Vegas Sands by 55.4% in the first quarter. Achmea Investment Management B.V. now owns 31,411 shares of the casino operator's stock valued at $1,213,000 after purchasing an additional 11,197 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Las Vegas Sands by 18.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,005 shares of the casino operator's stock valued at $1,489,000 after purchasing an additional 6,057 shares during the period. American Century Companies Inc. boosted its stake in shares of Las Vegas Sands by 69.3% in the first quarter. American Century Companies Inc. now owns 567,101 shares of the casino operator's stock valued at $21,907,000 after purchasing an additional 232,091 shares during the period. Northern Trust Corp boosted its stake in shares of Las Vegas Sands by 0.4% in the first quarter. Northern Trust Corp now owns 3,101,190 shares of the casino operator's stock valued at $119,799,000 after purchasing an additional 12,593 shares during the period. Finally, Ground Swell Capital LLC purchased a new position in shares of Las Vegas Sands in the first quarter valued at $225,000. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Las Vegas Sands Stock Performance

Shares of LVS stock traded up $0.60 during trading hours on Friday, reaching $53.81. The stock had a trading volume of 15,691,077 shares, compared to its average volume of 4,686,739. The firm has a market capitalization of $36.94 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 1.94 and a beta of 1.04. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.22 and a quick ratio of 1.21. The firm has a 50-day simple moving average of $53.14 and a 200-day simple moving average of $44.80. Las Vegas Sands Corp. has a twelve month low of $30.18 and a twelve month high of $58.05.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its earnings results 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 firm had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $2.83 billion. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. Las Vegas Sands's quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the company earned $0.55 EPS. As a group, equities analysts forecast that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Tuesday, August 5th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, August 5th. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. Las Vegas Sands's dividend payout ratio (DPR) is 50.51%.

Wall Street Analyst Weigh In

LVS has been the subject of several analyst reports. Argus upgraded shares of Las Vegas Sands from a "hold" rating to a "buy" rating and set a $60.00 target price for the company in a research note on Monday, July 28th. Barclays upped their target price on shares of Las Vegas Sands from $57.00 to $58.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Macquarie boosted their target price on shares of Las Vegas Sands from $52.00 to $58.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Wall Street Zen raised shares of Las Vegas Sands from a "hold" rating to a "buy" rating in a research report on Sunday, September 7th. Finally, Mizuho boosted their target price on shares of Las Vegas Sands from $47.00 to $56.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Las Vegas Sands currently has an average rating of "Moderate Buy" and an average target price of $59.47.

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.