San Francisco Sentry Investment Group CA boosted its stake in Las Vegas Sands Corp. (NYSE:LVS) by 5.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,563 shares of the casino operator’s stock after acquiring an additional 275 shares during the period. San Francisco Sentry Investment Group CA’s holdings in Las Vegas Sands were worth $322,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Renaissance Technologies LLC raised its holdings in shares of Las Vegas Sands by 2,233.4% during the second quarter. Renaissance Technologies LLC now owns 2,431,354 shares of the casino operator’s stock worth $143,669,000 after purchasing an additional 2,327,154 shares during the period. Alpine Group USVI LLC acquired a new stake in shares of Las Vegas Sands during the third quarter worth $119,680,000. Nuveen Asset Management LLC acquired a new stake in shares of Las Vegas Sands during the second quarter worth $117,535,000. Boston Partners raised its holdings in shares of Las Vegas Sands by 16.5% during the second quarter. Boston Partners now owns 6,063,064 shares of the casino operator’s stock worth $358,510,000 after purchasing an additional 858,697 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of Las Vegas Sands by 3.7% during the second quarter. BlackRock Inc. now owns 18,516,990 shares of the casino operator’s stock worth $1,094,168,000 after purchasing an additional 664,769 shares during the period. 36.94% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Lawrence A. Jacobs sold 66,667 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $60.16, for a total transaction of $4,010,686.72. Following the completion of the transaction, the executive vice president now owns 66,667 shares in the company, valued at approximately $4,010,686.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel Kathleen Bender Patton sold 2,008 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $35.60, for a total transaction of $71,484.80. Corporate insiders own 10.50% of the company’s stock.
Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, October 23rd. The casino operator reported $0.75 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.75. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.30 billion. Las Vegas Sands had a net margin of 13.86% and a return on equity of 37.04%. Las Vegas Sands’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 EPS. Research analysts predict that Las Vegas Sands Corp. will post 3.15 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, December 17th will be given a $0.77 dividend. The ex-dividend date is Monday, December 16th. This represents a $3.08 dividend on an annualized basis and a yield of 4.81%. Las Vegas Sands’s dividend payout ratio is presently 92.77%.
A number of analysts have weighed in on the stock. Argus cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. ValuEngine cut shares of Las Vegas Sands from a “hold” rating to a “sell” rating in a report on Friday. JPMorgan Chase & Co. dropped their price objective on shares of Las Vegas Sands from $68.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, September 6th. Standpoint Research initiated coverage on shares of Las Vegas Sands in a report on Wednesday, September 4th. They issued a “buy” rating on the stock. Finally, Deutsche Bank raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and increased their price objective for the stock from $69.00 to $70.00 in a report on Sunday, September 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $68.22.
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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