Capital Bank & Trust Co lowered its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 0.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,149,207 shares of the casino operator’s stock after selling 15,038 shares during the period. Las Vegas Sands makes up about 1.8% of Capital Bank & Trust Co’s holdings, making the stock its 9th biggest position. Capital Bank & Trust Co owned about 0.27% of Las Vegas Sands worth $137,893,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Capstone Asset Management Co. bought a new stake in Las Vegas Sands during the 2nd quarter worth approximately $208,000. IFP Advisors Inc increased its holdings in Las Vegas Sands by 12.0% during the 2nd quarter. IFP Advisors Inc now owns 5,899 shares of the casino operator’s stock worth $377,000 after acquiring an additional 632 shares during the period. Global X Management Co. LLC increased its holdings in Las Vegas Sands by 8.3% during the 2nd quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock worth $106,000 after acquiring an additional 126 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in Las Vegas Sands by 49.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,059,707 shares of the casino operator’s stock worth $67,705,000 after acquiring an additional 350,884 shares during the period. Finally, Boston Partners bought a new stake in Las Vegas Sands during the 2nd quarter worth approximately $1,105,000. 37.47% of the stock is currently owned by institutional investors.
Shares of Las Vegas Sands Corp. (NYSE LVS) opened at $70.36 on Friday. Las Vegas Sands Corp. has a 1-year low of $51.35 and a 1-year high of $70.84. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 1.38. The company has a market cap of $55,618.17, a price-to-earnings ratio of 25.31 and a beta of 1.80.
Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, October 25th. The casino operator reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.10. Las Vegas Sands had a net margin of 16.80% and a return on equity of 31.11%. The company had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same period in the prior year, the business posted $0.72 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. equities analysts anticipate that Las Vegas Sands Corp. will post 2.87 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 21st will be issued a dividend of $0.73 per share. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $2.92 dividend on an annualized basis and a yield of 4.15%. Las Vegas Sands’s dividend payout ratio is currently 110.19%.
In other news, Director George Jamieson purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was bought at an average cost of $66.96 per share, for a total transaction of $66,960.00. Following the acquisition, the director now directly owns 6,488 shares of the company’s stock, valued at approximately $434,436.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 10.10% of the company’s stock.
A number of research firms have commented on LVS. Barclays boosted their price target on shares of Las Vegas Sands from $69.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday. Zacks Investment Research raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Wednesday, November 8th. Morgan Stanley raised shares of Las Vegas Sands from an “equal weight” rating to an “overweight” rating and set a $65.00 price target for the company in a research note on Monday, November 6th. Roth Capital began coverage on shares of Las Vegas Sands in a research note on Wednesday, October 25th. They issued a “buy” rating and a $69.00 price target for the company. Finally, Nomura boosted their price target on shares of Las Vegas Sands from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, October 26th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $65.77.
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About Las Vegas Sands
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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