Las Vegas Sands Corp. $LVS Shares Sold by HughesLittle Investment Management Ltd.

HughesLittle Investment Management Ltd. trimmed its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 25.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 313,000 shares of the casino operator’s stock after selling 109,273 shares during the period. Las Vegas Sands accounts for 3.3% of HughesLittle Investment Management Ltd.’s holdings, making the stock its 11th biggest position. HughesLittle Investment Management Ltd.’s holdings in Las Vegas Sands were worth $16,864,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Swiss Life Asset Management Ltd increased its stake in Las Vegas Sands by 116.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 148,196 shares of the casino operator’s stock worth $9,646,000 after buying an additional 79,641 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Las Vegas Sands by 411.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 44,208 shares of the casino operator’s stock valued at $2,877,000 after acquiring an additional 35,566 shares during the last quarter. Wealthfront Advisers LLC lifted its position in shares of Las Vegas Sands by 40.6% in the fourth quarter. Wealthfront Advisers LLC now owns 67,446 shares of the casino operator’s stock valued at $4,390,000 after acquiring an additional 19,488 shares in the last quarter. Perpetual Ltd purchased a new position in shares of Las Vegas Sands in the fourth quarter valued at approximately $2,051,000. Finally, SG Americas Securities LLC boosted its stake in shares of Las Vegas Sands by 2,655.3% in the fourth quarter. SG Americas Securities LLC now owns 878,022 shares of the casino operator’s stock worth $57,150,000 after acquiring an additional 846,155 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Trading Up 1.9%

Shares of Las Vegas Sands stock opened at $45.62 on Friday. The company has a debt-to-equity ratio of 8.64, a current ratio of 0.92 and a quick ratio of 0.91. The stock’s 50 day simple moving average is $48.95 and its 200-day simple moving average is $53.96. The stock has a market cap of $30.23 billion, a P/E ratio of 16.90, a P/E/G ratio of 1.01 and a beta of 0.83. Las Vegas Sands Corp. has a 1-year low of $44.22 and a 1-year high of $70.45.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, April 22nd. The casino operator reported $0.91 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter last year, the firm earned $0.59 earnings per share. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. Analysts predict that Las Vegas Sands Corp. will post 3.38 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Tuesday, May 5th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.6%. The ex-dividend date was Tuesday, May 5th. Las Vegas Sands’s dividend payout ratio is presently 44.44%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LVS shares. Barclays dropped their price target on Las Vegas Sands from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Seaport Research Partners lowered their target price on shares of Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. The Goldman Sachs Group lowered their target price on shares of Las Vegas Sands from $73.00 to $63.00 and set a “buy” rating on the stock in a research note on Wednesday. Stifel Nicolaus upped their target price on shares of Las Vegas Sands from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, Morgan Stanley increased their target price on shares of Las Vegas Sands from $67.00 to $69.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Las Vegas Sands has a consensus rating of “Moderate Buy” and a consensus price target of $65.19.

Las Vegas Sands Profile

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.