Cetera Investment Advisers increased its stake in Las Vegas Sands Corp. (NYSE:LVS – Free Report) by 148.3% during the first quarter, according to the company’s most recent disclosure with the Securities & Exchange Commission. The firm owned 32,443 shares of the casino operator after purchasing an additional 19,376 shares during the quarter. Cetera Investment Advisers’ holdings in Las Vegas Sands were worth $1,677,000, according to the most recent SEC filing.
A number of other institutional investors and hedge funds have also changed their holdings in LVS. Allspring Global Investments Holdings LLC increased its stake in Las Vegas Sands by 14.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 19,396 shares of the casino operator’s stock worth $954,000 after buying an additional 2,468 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in Las Vegas Sands by 7.3% in the 4th quarter. Mutual of America Capital Management LLC now owns 48,822 shares of the casino operator’s stock worth $2,403,000 after buying an additional 3,335 shares in the last quarter. Cerity Partners LLC acquired a new position in Las Vegas Sands in the 4th quarter valued at $287,000. Louisiana State Employees Retirement System acquired a new stake in Las Vegas Sands in the 4th quarter valued at $1,097,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in Las Vegas Sands by 7.3% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 822,307 shares of the casino operator’s stock valued at $40,466,000 after purchasing an additional 55,679 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.
Wall Street analysts comment
Several research firms have recently commented on LVS. Barclays decreased their price target on Las Vegas Sands from $57.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft decreased their price target on Las Vegas Sands from $61.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. StockNews.com downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Mizuho decreased their price target on Las Vegas Sands from $70.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Finally, Susquehanna lowered their price target on Las Vegas Sands from $59.00 to $51.00 and gave the company a “positive” rating in a research note on Thursday, July 25. Two research analysts have rated the stock with a “hold” rating and eleven have given a “buy” rating. Based on data from MarketBeat, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus price target of $58.00.
Get our latest stock analysis on Las Vegas Sands
Las Vegas Sands trading up 2.4%
LVS shares opened at $39.38 on Wednesday. The company has a 50-day moving average of $41.94 and a 200-day moving average of $47.02. The company has a market cap of $29.34 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 1.04 and a beta of 1.12. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $56.26. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.29.
Las Vegas Sands (NYSE:LVS – Get Free Report) last released its quarterly earnings results on Wednesday, July 24. The casino operator reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the company had posted earnings per share of $0.46. The company’s revenue for the quarter increased 8.6% year-over-year. On average, analysts forecast that Las Vegas Sands Corp. will post earnings per share of $2.48 for the current year.
Dividend announcement from Las Vegas Sands
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Tuesday, August 6th will receive a dividend of $0.20 per share. This represents an annualized dividend of $0.80 and a yield of 2.03%. The ex-dividend date is Tuesday, August 6th. Las Vegas Sands’ payout ratio is 38.65%.
Las Vegas Sands Profile
(Free report)
Las Vegas Sands Corp., together with its subsidiaries, develops, owns and operates integrated resorts in Macao and Singapore. The company owns and operates the Venetian Macao Resort Hotel, the London Macao, the Parisian Macao, the Plaza Macao and the Four Seasons Hotel Macao, Cotai Strip, as well as the Sands Macao in Macao, People’s Republic of China, and Marina Bay Sands in Singapore.
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