IFM Investors Pty Ltd Increases Position in Las Vegas Sands Corp. (LVS)

IFM Investors Pty Ltd increased its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 8.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,817 shares of the casino operator’s stock after purchasing an additional 1,925 shares during the period. IFM Investors Pty Ltd’s holdings in Las Vegas Sands were worth $1,513,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in LVS. Dimensional Fund Advisors LP boosted its stake in Las Vegas Sands by 4.5% during the third quarter. Dimensional Fund Advisors LP now owns 942,643 shares of the casino operator’s stock worth $55,929,000 after buying an additional 40,612 shares during the period. Tower Research Capital LLC TRC boosted its stake in Las Vegas Sands by 195.1% during the third quarter. Tower Research Capital LLC TRC now owns 2,066 shares of the casino operator’s stock worth $122,000 after buying an additional 1,366 shares during the period. Vident Investment Advisory LLC boosted its stake in Las Vegas Sands by 19.6% during the third quarter. Vident Investment Advisory LLC now owns 8,143 shares of the casino operator’s stock worth $483,000 after buying an additional 1,333 shares during the period. Point72 Asset Management L.P. boosted its stake in Las Vegas Sands by 103.2% during the third quarter. Point72 Asset Management L.P. now owns 37,100 shares of the casino operator’s stock worth $2,201,000 after buying an additional 1,187,100 shares during the period. Finally, Macquarie Group Ltd. boosted its stake in shares of Las Vegas Sands by 2.4% during the third quarter. Macquarie Group Ltd. now owns 121,280 shares of the casino operator’s stock valued at $7,196,000 after purchasing an additional 2,880 shares during the period. Institutional investors own 36.81% of the company’s stock.

A number of brokerages have recently issued reports on LVS. Telsey Advisory Group reissued a “market perform” rating and set a $64.00 target price (up from $58.00) on shares of Las Vegas Sands in a research note on Thursday. Bank of America reissued a “neutral” rating and set a $70.00 target price (up from $64.00) on shares of Las Vegas Sands in a research note on Wednesday. HSBC lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Wednesday. They noted that the move was a valuation call. Deutsche Bank boosted their target price on shares of Las Vegas Sands from $60.00 to $69.00 and gave the company a “hold” rating in a research note on Thursday. They noted that the move was a valuation call. Finally, Stifel Nicolaus boosted their target price on shares of Las Vegas Sands from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. Las Vegas Sands currently has an average rating of “Hold” and a consensus price target of $68.89.

NYSE:LVS opened at $68.22 on Friday. Las Vegas Sands Corp. has a 1-year low of $47.39 and a 1-year high of $81.45. The stock has a market capitalization of $52.72 billion, a P/E ratio of 20.55 and a beta of 1.40. The company has a quick ratio of 1.75, a current ratio of 1.76 and a debt-to-equity ratio of 1.76.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.06. Las Vegas Sands had a net margin of 11.15% and a return on equity of 33.30%. The company had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same period in the prior year, the firm earned $1.04 earnings per share. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. Analysts predict that Las Vegas Sands Corp. will post 3.23 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Wednesday, June 19th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend is Tuesday, June 18th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 92.77%.

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Las Vegas Sands Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and iconic Marina Bay Sands in Singapore.

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

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