Oppenheimer Asset Management Inc. Sells 33,009 Shares of Las Vegas Sands Corp. $LVS

Oppenheimer Asset Management Inc. reduced its stake in Las Vegas Sands Corp. (NYSE:LVS) by 39.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,702 shares of the casino operator’s stock after selling 33,009 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Las Vegas Sands were worth $3,235,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in LVS. Arrowstreet Capital Limited Partnership boosted its position in shares of Las Vegas Sands by 410.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,167,553 shares of the casino operator’s stock worth $277,963,000 after purchasing an additional 4,154,753 shares during the last quarter. M&T Bank Corp boosted its position in shares of Las Vegas Sands by 33,102.6% in the 4th quarter. M&T Bank Corp now owns 3,060,288 shares of the casino operator’s stock worth $197,463,000 after purchasing an additional 3,051,071 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Las Vegas Sands by 43.8% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,454,013 shares of the casino operator’s stock worth $293,371,000 after purchasing an additional 1,660,823 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Las Vegas Sands by 64.5% in the 3rd quarter. AQR Capital Management LLC now owns 2,819,128 shares of the casino operator’s stock worth $151,641,000 after purchasing an additional 1,105,630 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of Las Vegas Sands by 4,504.2% in the 3rd quarter. Schroder Investment Management Group now owns 1,028,808 shares of the casino operator’s stock worth $55,340,000 after purchasing an additional 1,006,463 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors.

Insider Activity

In other Las Vegas Sands news, CEO Patrick Dumont sold 60,165 shares of Las Vegas Sands stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total value of $3,294,033.75. Following the sale, the chief executive officer owned 511,942 shares of the company’s stock, valued at $28,028,824.50. This trade represents a 10.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on LVS shares. Seaport Research Partners dropped their price objective on Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Argus dropped their price objective on Las Vegas Sands from $80.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Mizuho raised their price objective on Las Vegas Sands from $65.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Wall Street Zen downgraded Las Vegas Sands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, JPMorgan Chase & Co. dropped their price objective on Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $68.28.

Las Vegas Sands Stock Performance

Shares of Las Vegas Sands stock opened at $53.85 on Monday. The company has a market capitalization of $35.68 billion, a PE ratio of 19.94, a PEG ratio of 1.23 and a beta of 0.85. Las Vegas Sands Corp. has a 12 month low of $37.24 and a 12 month high of $70.45. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 8.64. The stock’s fifty day simple moving average is $54.66 and its 200 day simple moving average is $59.15.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, April 22nd. The casino operator reported $0.91 EPS for the quarter, topping the consensus estimate of $0.76 by $0.15. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The business had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter last year, the business posted $0.59 EPS. The firm’s revenue was up 25.3% compared to the same quarter last year. On average, research analysts predict that Las Vegas Sands Corp. will post 3.35 EPS for the current year.

Las Vegas Sands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 13th. Shareholders of record on Tuesday, May 5th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, May 5th. This represents a $1.20 annualized dividend and a dividend yield of 2.2%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 44.44%.

Las Vegas Sands Company Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.