Janney Montgomery Scott LLC boosted its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 1.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 75,670 shares of the casino operator’s stock after acquiring an additional 720 shares during the period. Janney Montgomery Scott LLC’s holdings in Las Vegas Sands were worth $4,471,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of LVS. Geode Capital Management LLC boosted its holdings in shares of Las Vegas Sands by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 3,215,580 shares of the casino operator’s stock valued at $167,354,000 after acquiring an additional 87,729 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in Las Vegas Sands by 9.6% during the first quarter. Raymond James Trust N.A. now owns 7,647 shares of the casino operator’s stock worth $466,000 after buying an additional 670 shares in the last quarter. Steinberg Global Asset Management boosted its holdings in Las Vegas Sands by 15.4% during the first quarter. Steinberg Global Asset Management now owns 15,217 shares of the casino operator’s stock worth $1,094,000 after buying an additional 2,033 shares in the last quarter. KMG Fiduciary Partners LLC purchased a new stake in Las Vegas Sands during the first quarter worth $223,000. Finally, Kessler Investment Group LLC purchased a new stake in Las Vegas Sands during the first quarter worth $68,000. Institutional investors own 36.38% of the company’s stock.
NYSE:LVS traded down $1.25 during trading hours on Wednesday, reaching $52.37. 48,405 shares of the company were exchanged, compared to its average volume of 3,989,380. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.62 and a current ratio of 1.64. The stock has a 50-day moving average of $60.45. The firm has a market cap of $40.60 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 7.06 and a beta of 1.52. Las Vegas Sands Corp. has a twelve month low of $47.39 and a twelve month high of $69.60.
Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.09). The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.39 billion. Las Vegas Sands had a return on equity of 35.77% and a net margin of 14.01%. The business’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 earnings per share. As a group, research analysts anticipate that Las Vegas Sands Corp. will post 3.19 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Wednesday, September 18th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 5.88%. The ex-dividend date of this dividend is Tuesday, September 17th. Las Vegas Sands’s dividend payout ratio is presently 92.77%.
A number of analysts recently issued reports on the stock. Morgan Stanley lowered their price target on shares of Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. Zacks Investment Research raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a report on Wednesday, May 22nd. Telsey Advisory Group reissued a “market perform” rating and set a $64.00 price target (up from $58.00) on shares of Las Vegas Sands in a report on Thursday, April 18th. Deutsche Bank increased their price target on shares of Las Vegas Sands from $60.00 to $69.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. They noted that the move was a valuation call. Finally, Goldman Sachs Group raised shares of Las Vegas Sands to a “buy” rating in a report on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $68.46.
Las Vegas Sands Company Profile
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.
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