CWM LLC boosted its stake in Las Vegas Sands Corp. (NYSE:LVS) by 12.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,945 shares of the casino operator’s stock after buying an additional 1,609 shares during the period. CWM LLC’s holdings in Las Vegas Sands Corp. were worth $955,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in Las Vegas Sands Corp. by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 732,159 shares of the casino operator’s stock valued at $39,109,000 after buying an additional 8,827 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Las Vegas Sands Corp. during the fourth quarter valued at about $1,178,000. Highbridge Capital Management LLC bought a new stake in Las Vegas Sands Corp. during the fourth quarter valued at about $1,522,000. Newport Asia LLC raised its stake in Las Vegas Sands Corp. by 6.0% in the first quarter. Newport Asia LLC now owns 1,985,100 shares of the casino operator’s stock valued at $113,174,000 after buying an additional 112,400 shares in the last quarter. Finally, Atalanta Sosnoff Capital LLC raised its stake in Las Vegas Sands Corp. by 33.4% in the first quarter. Atalanta Sosnoff Capital LLC now owns 15,525 shares of the casino operator’s stock valued at $886,000 after buying an additional 3,890 shares in the last quarter. 38.27% of the stock is owned by institutional investors.
Shares of Las Vegas Sands Corp. (NYSE:LVS) traded down 0.83% during midday trading on Friday, reaching $59.66. The company’s stock had a trading volume of 3,053,489 shares. The stock’s 50 day moving average price is $62.08 and its 200 day moving average price is $58.29. Las Vegas Sands Corp. has a one year low of $49.89 and a one year high of $66.22. The firm has a market cap of $47.25 billion, a price-to-earnings ratio of 23.21 and a beta of 1.81.
Las Vegas Sands Corp. (NYSE:LVS) last posted its earnings results on Wednesday, July 26th. The casino operator reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.14. Las Vegas Sands Corp. had a net margin of 16.66% and a return on equity of 29.91%. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter last year, the firm earned $0.52 EPS. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. Analysts predict that Las Vegas Sands Corp. will post $2.74 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be issued a $0.73 dividend. The ex-dividend date is Wednesday, September 20th. This represents a $2.92 annualized dividend and a yield of 4.89%. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is presently 113.18%.
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LVS has been the subject of several recent research reports. CLSA reissued a “buy” rating on shares of Las Vegas Sands Corp. in a report on Thursday, April 27th. Bank of America Corporation restated a “buy” rating and issued a $67.00 price objective (up from $65.00) on shares of Las Vegas Sands Corp. in a research report on Friday, July 21st. Aegis restated a “buy” rating and issued a $60.00 price objective (up from $59.00) on shares of Las Vegas Sands Corp. in a research report on Sunday, April 23rd. Deutsche Bank AG restated a “hold” rating and issued a $54.00 price objective (up from $52.00) on shares of Las Vegas Sands Corp. in a research report on Thursday, July 27th. Finally, Barclays PLC upgraded Las Vegas Sands Corp. from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $55.00 to $68.00 in a research report on Friday, May 12th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $63.10.
About Las Vegas Sands Corp.
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.
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