Ferguson Wellman Capital Management Inc. Buys 7,880 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Ferguson Wellman Capital Management Inc. boosted its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 18.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 50,785 shares of the casino operator’s stock after acquiring an additional 7,880 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Las Vegas Sands were worth $3,096,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of LVS. Cornerstone Advisors Inc. grew its holdings in Las Vegas Sands by 99.6% during the fourth quarter. Cornerstone Advisors Inc. now owns 487 shares of the casino operator’s stock valued at $25,000 after purchasing an additional 243 shares during the period. Bartlett & Co. LLC bought a new stake in Las Vegas Sands during the fourth quarter valued at about $26,000. FTB Advisors Inc. grew its holdings in Las Vegas Sands by 73.4% during the fourth quarter. FTB Advisors Inc. now owns 607 shares of the casino operator’s stock valued at $31,000 after purchasing an additional 257 shares during the period. Semmax Financial Advisors Inc. bought a new stake in Las Vegas Sands during the fourth quarter valued at about $32,000. Finally, Prime Capital Investment Advisors LLC bought a new position in shares of Las Vegas Sands in the fourth quarter worth about $40,000. Institutional investors own 36.83% of the company’s stock.

Shares of NYSE:LVS traded up $1.01 during mid-day trading on Friday, reaching $68.44. The stock had a trading volume of 1,792,444 shares, compared to its average volume of 3,613,005. The company has a current ratio of 1.73, a quick ratio of 1.72 and a debt-to-equity ratio of 1.85. The company has a market capitalization of $52.71 billion, a P/E ratio of 20.61 and a beta of 1.42. Las Vegas Sands Corp. has a 1 year low of $47.39 and a 1 year high of $81.45.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.06. Las Vegas Sands had a return on equity of 34.52% and a net margin of 11.15%. The business had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.48 billion. During the same period in the prior year, the business posted $1.04 earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, research analysts forecast that Las Vegas Sands Corp. will post 3.35 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Wednesday, June 19th will be given a dividend of $0.77 per share. The ex-dividend date is Tuesday, June 18th. This represents a $3.08 dividend on an annualized basis and a yield of 4.50%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 92.77%.

LVS has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Las Vegas Sands from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. Deutsche Bank upped their price objective on Las Vegas Sands to $60.00 and gave the stock a “buy” rating in a research note on Thursday, January 24th. Morgan Stanley upped their price objective on Las Vegas Sands from $64.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $58.00 price objective on shares of Las Vegas Sands in a research note on Wednesday, March 20th. Finally, Jefferies Financial Group upped their price objective on Las Vegas Sands from $57.00 to $69.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. Las Vegas Sands currently has a consensus rating of “Hold” and a consensus target price of $68.89.

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Las Vegas Sands Company 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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