W.E. Donoghue & Co. LLC acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 111,513 shares of the casino operator’s stock, valued at approximately $6,589,000.
Several other institutional investors also recently modified their holdings of LVS. First Interstate Bank raised its holdings in Las Vegas Sands by 70.8% in the 1st quarter. First Interstate Bank now owns 410 shares of the casino operator’s stock valued at $25,000 after acquiring an additional 170 shares during the last quarter. Manchester Financial Inc. acquired a new position in Las Vegas Sands in the 2nd quarter valued at $26,000. Private Capital Group LLC raised its holdings in Las Vegas Sands by 55.7% in the 1st quarter. Private Capital Group LLC now owns 467 shares of the casino operator’s stock valued at $28,000 after acquiring an additional 167 shares during the last quarter. Icon Wealth Partners LLC acquired a new position in Las Vegas Sands in the 1st quarter valued at $32,000. Finally, Berman Capital Advisors LLC raised its holdings in Las Vegas Sands by 88.1% in the 1st quarter. Berman Capital Advisors LLC now owns 585 shares of the casino operator’s stock valued at $35,000 after acquiring an additional 274 shares during the last quarter. Hedge funds and other institutional investors own 36.44% of the company’s stock.
Las Vegas Sands stock traded down $1.96 during trading on Friday, reaching $56.84. 322,016 shares of the company’s stock were exchanged, compared to its average volume of 3,184,609. The business’s 50-day simple moving average is $61.32. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.62 and a current ratio of 1.64. Las Vegas Sands Corp. has a 52-week low of $47.39 and a 52-week high of $69.72. The company has a market cap of $43.87 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 7.14 and a beta of 1.52.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Wednesday, September 18th will be given a dividend of $0.77 per share. The ex-dividend date is Tuesday, September 17th. This represents a $3.08 dividend on an annualized basis and a yield of 5.42%. Las Vegas Sands’s dividend payout ratio (DPR) is 92.77%.
LVS has been the subject of several analyst reports. Stifel Nicolaus boosted their price target on Las Vegas Sands from $72.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, April 18th. 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 report on Monday, April 8th. HSBC downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Wednesday, April 17th. They noted that the move was a valuation call. Bank of America restated a “neutral” rating and set a $70.00 price objective (up from $64.00) on shares of Las Vegas Sands in a report on Wednesday, April 17th. Finally, Morgan Stanley dropped their price objective on Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating for the company in a report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $68.46.
About Las Vegas Sands
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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