Commerce Bank Acquires Shares of 19,981 Las Vegas Sands Corp. $LVS

Commerce Bank acquired a new position in Las Vegas Sands Corp. (NYSE:LVS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 19,981 shares of the casino operator’s stock, valued at approximately $923,000.

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in shares of Las Vegas Sands during the 4th quarter valued at about $26,000. DV Equities LLC purchased a new position in Las Vegas Sands in the fourth quarter worth about $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in Las Vegas Sands in the fourth quarter worth about $29,000. Wilmington Savings Fund Society FSB increased its stake in Las Vegas Sands by 254.8% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock worth $36,000 after acquiring an additional 400 shares during the last quarter. Finally, Activest Wealth Management increased its stake in Las Vegas Sands by 1,208.0% during the fourth quarter. Activest Wealth Management now owns 654 shares of the casino operator’s stock worth $43,000 after acquiring an additional 604 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Barclays decreased their price objective on Las Vegas Sands from $63.00 to $59.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. JPMorgan Chase & Co. dropped their target price on Las Vegas Sands from $64.00 to $60.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $62.00 target price (down from $73.00) on shares of Las Vegas Sands in a research report on Thursday, July 23rd. Susquehanna decreased their price target on Las Vegas Sands from $64.00 to $63.00 and set a “positive” rating on the stock in a report on Wednesday, July 22nd. Finally, Mizuho lowered their price target on Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Las Vegas Sands has a consensus rating of “Hold” and a consensus target price of $61.88.

Las Vegas Sands Stock Down 2.2%

Shares of NYSE:LVS opened at $46.24 on Thursday. The firm has a market capitalization of $29.95 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 1.16 and a beta of 0.85. The business has a 50 day simple moving average of $46.57 and a two-hundred day simple moving average of $51.15. Las Vegas Sands Corp. has a 1 year low of $44.21 and a 1 year high of $70.45. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.00 and a quick ratio of 0.99.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the prior year, the business posted $0.66 earnings per share. Las Vegas Sands’s revenue was down .7% on a year-over-year basis. On average, equities analysts predict that Las Vegas Sands Corp. will post 3.09 EPS for the current year.

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were paid a $0.30 dividend. The ex-dividend date was Tuesday, August 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 46.69%.

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.