Las Vegas Sands Corp. $LVS Shares Acquired by US Bancorp DE

US Bancorp DE lifted its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 19.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 132,690 shares of the casino operator’s stock after acquiring an additional 21,207 shares during the period. US Bancorp DE’s holdings in Las Vegas Sands were worth $5,773,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Achmea Investment Management B.V. boosted its holdings in shares of Las Vegas Sands by 55.4% during the first quarter. Achmea Investment Management B.V. now owns 31,411 shares of the casino operator’s stock worth $1,213,000 after purchasing an additional 11,197 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Las Vegas Sands by 18.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,005 shares of the casino operator’s stock worth $1,489,000 after purchasing an additional 6,057 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Las Vegas Sands by 69.3% during the first quarter. American Century Companies Inc. now owns 567,101 shares of the casino operator’s stock worth $21,907,000 after purchasing an additional 232,091 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Las Vegas Sands by 0.4% during the first quarter. Northern Trust Corp now owns 3,101,190 shares of the casino operator’s stock worth $119,799,000 after purchasing an additional 12,593 shares during the last quarter. Finally, Ground Swell Capital LLC acquired a new stake in shares of Las Vegas Sands during the first quarter worth $225,000. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Trading Down 4.5%

Shares of LVS opened at $49.55 on Monday. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 6.53. The firm has a market capitalization of $34.01 billion, a P/E ratio of 25.03, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. The stock’s fifty day simple moving average is $53.87 and its 200 day simple moving average is $45.85. Las Vegas Sands Corp. has a twelve month low of $30.18 and a twelve month high of $58.05.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.26. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $2.83 billion. Las Vegas Sands had a return on equity of 55.37% and a net margin of 12.16%.The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the company posted $0.55 EPS. On average, equities research analysts forecast that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Tuesday, August 5th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.00 annualized dividend and a yield of 2.0%. Las Vegas Sands’s dividend payout ratio (DPR) is 50.51%.

Analysts Set New Price Targets

LVS has been the topic of several analyst reports. Bank of America raised their price objective on Las Vegas Sands from $52.50 to $58.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Susquehanna decreased their price objective on Las Vegas Sands from $59.00 to $58.00 and set a “positive” rating on the stock in a report on Monday, July 21st. The Goldman Sachs Group decreased their price objective on Las Vegas Sands from $59.00 to $58.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. UBS Group increased their target price on Las Vegas Sands from $55.00 to $65.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Finally, Macquarie increased their target price on Las Vegas Sands from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.20.

About Las Vegas Sands

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, 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 Marina Bay Sands in Singapore.