Capital International Sarl Takes Position in Las Vegas Sands Corp. $LVS

Capital International Sarl bought a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) during the fourth quarter, HoldingsChannel reports. The firm bought 20,902 shares of the casino operator’s stock, valued at approximately $1,361,000.

Other hedge funds have also recently modified their holdings of the company. Allianz Asset Management GmbH boosted its holdings in shares of Las Vegas Sands by 358.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 227,278 shares of the casino operator’s stock valued at $12,225,000 after buying an additional 177,695 shares in the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of Las Vegas Sands by 40.6% during the 4th quarter. Wealthfront Advisers LLC now owns 67,446 shares of the casino operator’s stock valued at $4,390,000 after buying an additional 19,488 shares in the last quarter. Perpetual Ltd bought a new stake in shares of Las Vegas Sands during the 4th quarter valued at $2,051,000. Crossmark Global Holdings Inc. boosted its holdings in shares of Las Vegas Sands by 411.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 44,208 shares of the casino operator’s stock valued at $2,877,000 after buying an additional 35,566 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Las Vegas Sands by 2,655.3% during the 4th quarter. SG Americas Securities LLC now owns 878,022 shares of the casino operator’s stock valued at $57,150,000 after buying an additional 846,155 shares in the last quarter. Institutional investors own 39.16% of the company’s stock.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Patrick Dumont sold 60,165 shares of the business’s 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 completion of the transaction, the chief executive officer owned 511,942 shares of the company’s stock, valued at approximately $28,028,824.50. The trade was a 10.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.55% of the company’s stock.

Las Vegas Sands Price Performance

LVS opened at $50.30 on Monday. The stock has a 50-day moving average price of $52.87 and a 200-day moving average price of $57.82. The company has a debt-to-equity ratio of 8.64, a current ratio of 0.92 and a quick ratio of 0.91. The firm has a market cap of $33.33 billion, a PE ratio of 18.63, a P/E/G ratio of 1.14 and a beta of 0.81. Las Vegas Sands Corp. has a 1 year low of $40.03 and a 1 year high of $70.45.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.15. The firm had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.32 billion. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.Las Vegas Sands’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 EPS. Sell-side analysts predict that Las Vegas Sands Corp. will post 3.38 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Tuesday, May 5th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.20 dividend on an annualized basis and a yield of 2.4%. Las Vegas Sands’s payout ratio is 44.44%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Las Vegas Sands from $77.00 to $73.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Weiss Ratings lowered Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. HSBC lifted their price target on Las Vegas Sands from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Jefferies Financial Group lifted their price target on Las Vegas Sands from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Thursday, April 23rd. Finally, Seaport Research Partners lowered their price target on Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $67.91.

About Las Vegas Sands

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.