RPG Investment Advisory LLC cut its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 0.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,083 shares of the casino operator’s stock after selling 626 shares during the quarter. RPG Investment Advisory LLC’s holdings in Las Vegas Sands were worth $5,370,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American International Group Inc. bought a new position in shares of Las Vegas Sands in the fourth quarter worth approximately $359,921,000. Boston Partners grew its position in Las Vegas Sands by 598.6% during the fourth quarter. Boston Partners now owns 5,170,019 shares of the casino operator’s stock valued at $269,099,000 after acquiring an additional 4,429,990 shares during the last quarter. Norges Bank bought a new position in Las Vegas Sands during the fourth quarter valued at approximately $229,684,000. Oregon Public Employees Retirement Fund grew its position in Las Vegas Sands by 4,563.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,242,730 shares of the casino operator’s stock valued at $43,000 after acquiring an additional 2,194,636 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of 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 valued at $2,201,000 after purchasing an additional 1,187,100 shares during the period. 36.81% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently commented on the company. Stifel Nicolaus raised their price target on Las Vegas Sands from $72.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Bank of America reissued a “neutral” rating and set a $70.00 price objective (up previously from $64.00) on shares of Las Vegas Sands in a research report on Wednesday, April 17th. Jefferies Financial Group raised their price objective on Las Vegas Sands from $57.00 to $69.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Zacks Investment Research downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Telsey Advisory Group restated a “market perform” rating and set a $64.00 price target (up from $58.00) on shares of Las Vegas Sands in a report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. Las Vegas Sands currently has an average rating of “Hold” and a consensus price target of $68.89.
Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, April 17th. The casino operator reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.06. The firm had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.48 billion. Las Vegas Sands had a return on equity of 34.52% and a net margin of 11.15%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS. On average, equities analysts expect that Las Vegas Sands Corp. will post 3.35 earnings per share for the current fiscal year.
The firm 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 $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 4.78%. 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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