First Mercantile Trust Co. Grows Holdings in Las Vegas Sands Corp. (LVS)

First Mercantile Trust Co. raised its stake in Las Vegas Sands Corp. (NYSE:LVS) by 270.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,783 shares of the casino operator’s stock after acquiring an additional 8,605 shares during the period. First Mercantile Trust Co.’s holdings in Las Vegas Sands were worth $818,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. American Century Companies Inc. increased its holdings in Las Vegas Sands by 13.5% in the 4th quarter. American Century Companies Inc. now owns 3,757,739 shares of the casino operator’s stock valued at $261,125,000 after acquiring an additional 447,361 shares during the last quarter. Public Employees Retirement Association of Colorado increased its holdings in Las Vegas Sands by 3.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 73,011 shares of the casino operator’s stock valued at $5,074,000 after acquiring an additional 2,302 shares during the last quarter. Steinberg Global Asset Management increased its holdings in Las Vegas Sands by 11.3% in the 4th quarter. Steinberg Global Asset Management now owns 13,897 shares of the casino operator’s stock valued at $966,000 after acquiring an additional 1,407 shares during the last quarter. Gator Capital Management LLC bought a new stake in Las Vegas Sands in the 4th quarter valued at $417,000. Finally, Checchi Capital Advisers LLC increased its holdings in Las Vegas Sands by 31.1% in the 4th quarter. Checchi Capital Advisers LLC now owns 5,131 shares of the casino operator’s stock valued at $357,000 after acquiring an additional 1,216 shares during the last quarter. Institutional investors own 37.34% of the company’s stock.

A number of brokerages have issued reports on LVS. Stifel Nicolaus reiterated a “buy” rating and issued a $88.00 price target (up from $76.00) on shares of Las Vegas Sands in a report on Thursday, January 25th. Bank of America lifted their price target on shares of Las Vegas Sands from $80.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Jefferies Group restated a “hold” rating on shares of Las Vegas Sands in a report on Thursday, January 25th. JPMorgan Chase & Co. boosted their target price on shares of Las Vegas Sands from $63.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Finally, Barclays boosted their target price on shares of Las Vegas Sands to $85.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $70.54.

Shares of Las Vegas Sands Corp. (NYSE:LVS) traded up $0.35 during trading hours on Thursday, reaching $74.80. 1,585,920 shares of the company traded hands, compared to its average volume of 4,530,392. The company has a market cap of $59,130.00, a P/E ratio of 21.12 and a beta of 1.72. Las Vegas Sands Corp. has a one year low of $51.35 and a one year high of $79.84. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.07 and a quick ratio of 1.05.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, January 24th. The casino operator reported $0.88 EPS for the quarter, beating the consensus estimate of $0.77 by $0.11. The company had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.26 billion. Las Vegas Sands had a net margin of 21.78% and a return on equity of 34.76%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.62 EPS. analysts predict that Las Vegas Sands Corp. will post 3.33 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 22nd will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 4.01%. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.73. The ex-dividend date is Wednesday, March 21st. Las Vegas Sands’s dividend payout ratio is presently 82.49%.

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About Las Vegas Sands

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.

Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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