Oppenheimer & Co. Inc. lifted its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 5.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 75,993 shares of the casino operator’s stock after buying an additional 3,664 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Las Vegas Sands Corp. were worth $4,855,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of LVS. BlackRock Inc. increased its holdings in shares of Las Vegas Sands Corp. by 2,504.7% in the 1st 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 during the last quarter. Bank of New York Mellon Corp grew its holdings in Las Vegas Sands Corp. by 40.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,506,795 shares of the casino operator’s stock valued at $415,720,000 after purchasing an additional 1,886,376 shares during the last quarter. Nicholas Investment Partners LP grew its holdings in Las Vegas Sands Corp. by 2,418.0% during the 1st quarter. Nicholas Investment Partners LP now owns 1,500,000 shares of the casino operator’s stock valued at $85,605,000 after purchasing an additional 1,440,429 shares during the last quarter. Investec Asset Management LTD bought a new position in Las Vegas Sands Corp. during the 1st quarter valued at about $74,167,000. Finally, Thornburg Investment Management Inc. grew its holdings in Las Vegas Sands Corp. by 39.0% during the 1st quarter. Thornburg Investment Management Inc. now owns 4,187,059 shares of the casino operator’s stock valued at $238,955,000 after purchasing an additional 1,174,688 shares during the last quarter. Hedge funds and other institutional investors own 38.03% of the company’s stock.
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Several equities analysts recently commented on LVS shares. Stifel Nicolaus reiterated a “buy” rating on shares of Las Vegas Sands Corp. in a report on Sunday, September 3rd. Bank of America Corporation restated a “buy” rating and set a $67.00 price target (up previously from $65.00) on shares of Las Vegas Sands Corp. in a research note on Friday, July 21st. Deutsche Bank AG reiterated a “hold” rating and issued a $54.00 price objective (up previously from $52.00) on shares of Las Vegas Sands Corp. in a research note on Thursday, July 27th. Vetr lowered shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $64.62 price objective on the stock. in a research note on Monday, June 5th. Finally, Wells Fargo & Company reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Tuesday, July 4th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $62.91.
Las Vegas Sands Corp. (NYSE LVS) opened at 63.25 on Friday. Las Vegas Sands Corp. has a one year low of $51.35 and a one year high of $66.22. The stock has a market capitalization of $50.09 billion, a price-to-earnings ratio of 24.61 and a beta of 1.78. The stock’s 50 day moving average is $61.54 and its 200 day moving average is $59.85.
Las Vegas Sands Corp. (NYSE:LVS) last announced its quarterly earnings data on Wednesday, July 26th. The casino operator reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.14. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.01 billion. Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period last year, the company posted $0.52 EPS. On average, equities analysts forecast that Las Vegas Sands Corp. will post $2.74 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be paid a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend is Wednesday, September 20th. Las Vegas Sands Corp.’s dividend payout ratio is 113.18%.
Las Vegas Sands Corp. 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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