US Bancorp DE Purchases 13,408 Shares of Las Vegas Sands Corp. $LVS

US Bancorp DE increased its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 9.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,217 shares of the casino operator’s stock after acquiring an additional 13,408 shares during the quarter. US Bancorp DE’s holdings in Las Vegas Sands were worth $10,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Grove Bank & Trust bought a new position in Las Vegas Sands during the 4th quarter worth approximately $26,000. Westside Investment Management Inc. grew its position in Las Vegas Sands by 48.0% during the 3rd quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock worth $28,000 after acquiring an additional 166 shares during the last quarter. Root Financial Partners LLC bought a new position in Las Vegas Sands during the 3rd quarter worth approximately $33,000. Smartleaf Asset Management LLC grew its position in Las Vegas Sands by 549.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 630 shares of the casino operator’s stock worth $35,000 after acquiring an additional 533 shares during the last quarter. Finally, IFP Advisors Inc grew its position in Las Vegas Sands by 182.4% during the 3rd quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock worth $36,000 after acquiring an additional 434 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors.

Insider Activity at Las Vegas Sands

In other Las Vegas Sands news, CEO Patrick Dumont sold 60,165 shares of Las Vegas Sands stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total value of $3,294,033.75. Following the completion of the sale, the chief executive officer owned 511,942 shares of the company’s stock, valued at approximately $28,028,824.50. This trade represents a 10.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.55% of the company’s stock.

Las Vegas Sands Trading Down 1.4%

LVS opened at $53.85 on Friday. The stock has a market cap of $35.68 billion, a PE ratio of 19.94, a PEG ratio of 1.23 and a beta of 0.85. The company has a quick ratio of 1.13, a current ratio of 0.92 and a debt-to-equity ratio of 8.64. The business has a 50 day moving average of $54.66 and a 200-day moving average of $59.08. Las Vegas Sands Corp. has a 52 week low of $37.24 and a 52 week high of $70.45.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.15. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The company had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the company earned $0.59 EPS. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. Equities research analysts predict that Las Vegas Sands Corp. will post 3.35 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 13th. Shareholders of record on Tuesday, May 5th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, May 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.2%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 44.44%.

Wall Street Analysts Forecast Growth

LVS has been the topic of several recent research reports. HSBC raised their price target on Las Vegas Sands from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Argus reduced their price target on Las Vegas Sands from $80.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Wall Street Zen lowered Las Vegas Sands from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Jefferies Financial Group increased their price objective on Las Vegas Sands from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Thursday, April 23rd. Finally, Seaport Research Partners dropped their price objective on Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $68.28.

About Las Vegas Sands

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.