Rothschild Investment Corp IL cut its position in Las Vegas Sands Corp. (NYSE:LVS) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,396 shares of the casino operator’s stock after selling 2,625 shares during the period. Las Vegas Sands Corp. comprises approximately 1.1% of Rothschild Investment Corp IL’s investment portfolio, making the stock its 18th largest position. Rothschild Investment Corp IL’s holdings in Las Vegas Sands Corp. were worth $10,120,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Las Vegas Sands Corp. by 4.0% in the first quarter. Vanguard Group Inc. now owns 19,712,172 shares of the casino operator’s stock worth $1,124,974,000 after buying an additional 755,714 shares in the last quarter. BlackRock Inc. raised its stake in shares of Las Vegas Sands Corp. by 2,504.7% in the first quarter. BlackRock Inc. now owns 15,764,400 shares of the casino operator’s stock worth $899,674,000 after buying an additional 15,159,167 shares in the last quarter. State Street Corp raised its stake in shares of Las Vegas Sands Corp. by 4.7% in the first quarter. State Street Corp now owns 8,023,114 shares of the casino operator’s stock worth $457,878,000 after buying an additional 360,249 shares in the last quarter. Vontobel Asset Management Inc. raised its stake in shares of Las Vegas Sands Corp. by 29.8% in the first quarter. Vontobel Asset Management Inc. now owns 5,646,362 shares of the casino operator’s stock worth $327,900,000 after buying an additional 1,297,306 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Las Vegas Sands Corp. by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 4,620,419 shares of the casino operator’s stock worth $263,687,000 after buying an additional 28,172 shares in the last quarter. Hedge funds and other institutional investors own 38.52% of the company’s stock.
Las Vegas Sands Corp. (NYSE LVS) traded down 2.32% during trading on Thursday, hitting $60.11. 2,876,364 shares of the stock traded hands. The stock has a 50 day moving average price of $61.67 and a 200-day moving average price of $58.47. The stock has a market cap of $47.61 billion, a P/E ratio of 23.39 and a beta of 1.81. Las Vegas Sands Corp. has a 52-week low of $49.89 and a 52-week high of $66.22.
Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings data on Wednesday, July 26th. The casino operator reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.14. The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Las Vegas Sands Corp. had a net margin of 16.66% and a return on equity of 29.91%. The business’s revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the company earned $0.52 EPS. On average, analysts anticipate that Las Vegas Sands Corp. will post $2.74 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 21st will be paid a dividend of $0.73 per share. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.86%. Las Vegas Sands Corp.’s payout ratio is 113.18%.
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LVS has been the subject of a number of research analyst reports. Wells Fargo & Company reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Tuesday, July 4th. Morgan Stanley reiterated an “equal weight” rating and issued a $62.00 price target (up from $58.00) on shares of Las Vegas Sands Corp. in a research note on Monday, July 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $72.00 price target (up from $70.00) on shares of Las Vegas Sands Corp. in a research note on Thursday, July 27th. Deutsche Bank AG raised their price objective on shares of Las Vegas Sands Corp. from $50.00 to $52.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $67.00 price objective (up previously from $65.00) on shares of Las Vegas Sands Corp. in a report on Friday, July 21st. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Las Vegas Sands Corp. has an average rating of “Buy” and a consensus price target of $63.10.
Las Vegas Sands Corp. 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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