Traders sold shares of Las Vegas Sands Corp. (NYSE:LVS) on strength during trading hours on Wednesday. $27.80 million flowed into the stock on the tick-up and $81.31 million flowed out of the stock on the tick-down, for a money net flow of $53.51 million out of the stock. Of all equities tracked, Las Vegas Sands had the 33rd highest net out-flow for the day. Las Vegas Sands traded up $0.20 for the day and closed at $61.35
LVS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Las Vegas Sands from a “strong sell” rating to a “hold” rating in a research note on Monday, October 29th. Morgan Stanley reiterated a “buy” rating on shares of Las Vegas Sands in a research note on Monday, December 3rd. Deutsche Bank increased their target price on Las Vegas Sands to $60.00 and gave the stock a “buy” rating in a research note on Thursday, January 24th. Argus reduced their target price on Las Vegas Sands from $89.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Finally, Sanford C. Bernstein initiated coverage on Las Vegas Sands in a research note on Thursday, November 15th. They issued an “outperform” rating and a $81.45 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $71.34.
The company has a market cap of $47.91 billion, a P/E ratio of 18.48 and a beta of 1.43. The company has a quick ratio of 1.92, a current ratio of 1.93 and a debt-to-equity ratio of 1.52.
Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, January 23rd. The casino operator reported $0.77 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.08). The firm had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.52 billion. Las Vegas Sands had a net margin of 17.58% and a return on equity of 32.48%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.88 EPS. As a group, analysts forecast that Las Vegas Sands Corp. will post 3.18 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Wednesday, March 20th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Tuesday, March 19th. This represents a $3.08 annualized dividend and a dividend yield of 5.02%. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.75. Las Vegas Sands’s dividend payout ratio (DPR) is currently 90.36%.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. BOKF NA grew its stake in Las Vegas Sands by 2.7% in the fourth quarter. BOKF NA now owns 6,912 shares of the casino operator’s stock valued at $359,000 after purchasing an additional 181 shares during the last quarter. Bessemer Group Inc. grew its stake in Las Vegas Sands by 24.8% in the fourth quarter. Bessemer Group Inc. now owns 972 shares of the casino operator’s stock valued at $50,000 after purchasing an additional 193 shares during the last quarter. Cornerstone Advisors Inc. grew its stake in Las Vegas Sands by 99.6% in 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 last quarter. Eaton Vance Management grew its stake in Las Vegas Sands by 5.1% in the fourth quarter. Eaton Vance Management now owns 5,122 shares of the casino operator’s stock valued at $267,000 after purchasing an additional 250 shares during the last quarter. Finally, FTB Advisors Inc. grew its stake in Las Vegas Sands by 73.4% in 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 last quarter. Institutional investors own 35.63% of the company’s stock.
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Las Vegas Sands Company Profile (NYSE:LVS)
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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