Lake Street Advisors Group LLC acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,808 shares of the casino operator’s stock, valued at approximately $404,000.
Other large investors have also bought and sold shares of the company. Truewealth LLC bought a new stake in Las Vegas Sands during the fourth quarter worth about $130,000. Bessemer Group Inc. boosted its stake in Las Vegas Sands by 60.5% during the fourth quarter. Bessemer Group Inc. now owns 2,067 shares of the casino operator’s stock worth $144,000 after acquiring an additional 779 shares in the last quarter. San Francisco Sentry Investment Group CA bought a new position in shares of Las Vegas Sands in the third quarter worth approximately $181,000. Independence Trust CO bought a new position in shares of Las Vegas Sands in the fourth quarter worth approximately $205,000. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Las Vegas Sands in the third quarter worth approximately $198,000. 38.63% of the stock is currently owned by institutional investors and hedge funds.
In related news, COO Robert G. Goldstein sold 39,155 shares of the stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $76.00, for a total transaction of $2,975,780.00. Following the transaction, the chief operating officer now owns 39,155 shares in the company, valued at $2,975,780. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 10.10% of the stock is owned by corporate insiders.
Several research analysts have recently issued reports on the stock. Bank of America upped their target price on shares of Las Vegas Sands from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $88.00 target price (up previously from $76.00) on shares of Las Vegas Sands in a research note on Thursday, January 25th. Barclays upped their target price on shares of Las Vegas Sands to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. upped their target price on shares of Las Vegas Sands from $63.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Finally, Jefferies Group reiterated a “hold” rating on shares of Las Vegas Sands in a research note on Thursday, January 25th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Las Vegas Sands presently has an average rating of “Buy” and a consensus price target of $72.23.
LVS stock opened at $75.15 on Wednesday. The firm has a market cap of $59,205.57, a P/E ratio of 21.23 and a beta of 1.72. Las Vegas Sands Corp. has a 52-week low of $54.71 and a 52-week high of $79.84. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 1.22.
Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, January 24th. The casino operator reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.11. The company had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.26 billion. Las Vegas Sands had a net margin of 21.78% and a return on equity of 33.90%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 earnings per share. equities analysts expect that Las Vegas Sands Corp. will post 3.35 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 22nd will be given a dividend of $0.75 per share. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $3.00 dividend on an annualized basis and a yield of 3.99%. Las Vegas Sands’s dividend payout ratio is 82.49%.
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Las Vegas Sands Company Profile
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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