Las Vegas Sands Corp. (NYSE:LVS) Shares Bought by Osborne Partners Capital Management LLC

Osborne Partners Capital Management LLC grew its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 102.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 211,437 shares of the casino operator’s stock after purchasing an additional 107,033 shares during the period. Osborne Partners Capital Management LLC’s holdings in Las Vegas Sands were worth $8,168,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. grew its position in Las Vegas Sands by 3.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 6,505 shares of the casino operator’s stock valued at $334,000 after buying an additional 231 shares in the last quarter. E Fund Management Co. Ltd. raised its position in shares of Las Vegas Sands by 4.7% during the 4th quarter. E Fund Management Co. Ltd. now owns 5,595 shares of the casino operator’s stock worth $287,000 after buying an additional 250 shares in the last quarter. RiverFront Investment Group LLC lifted its stake in shares of Las Vegas Sands by 2.6% in the 4th quarter. RiverFront Investment Group LLC now owns 10,257 shares of the casino operator’s stock worth $527,000 after acquiring an additional 257 shares during the period. Horizon Investments LLC boosted its holdings in shares of Las Vegas Sands by 2.8% in the fourth quarter. Horizon Investments LLC now owns 10,200 shares of the casino operator’s stock valued at $521,000 after acquiring an additional 277 shares in the last quarter. Finally, Samalin Investment Counsel LLC boosted its holdings in shares of Las Vegas Sands by 6.9% in the fourth quarter. Samalin Investment Counsel LLC now owns 4,343 shares of the casino operator’s stock valued at $223,000 after acquiring an additional 281 shares in the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Stock Performance

Shares of NYSE LVS opened at $41.78 on Friday. The stock’s fifty day simple moving average is $38.98 and its 200 day simple moving average is $43.02. The stock has a market capitalization of $29.53 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 1.49 and a beta of 1.03. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 3.58. Las Vegas Sands Corp. has a 52-week low of $30.18 and a 52-week high of $56.61.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, April 23rd. The casino operator reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.95 billion. Las Vegas Sands had a net margin of 11.64% and a return on equity of 44.91%. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.78 EPS. As a group, sell-side analysts forecast that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Tuesday, May 6th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Tuesday, May 6th. Las Vegas Sands’s payout ratio is 55.56%.

Las Vegas Sands announced that its board has initiated a share buyback plan on Wednesday, April 23rd that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the casino operator to reacquire up to 8.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LVS shares. Stifel Nicolaus set a $57.00 target price on Las Vegas Sands and gave the stock a “buy” rating in a report on Thursday, April 24th. Morgan Stanley lowered their price target on Las Vegas Sands from $47.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Macquarie dropped their price objective on Las Vegas Sands from $58.00 to $52.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th. Barclays cut their price objective on Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Finally, Hsbc Global Res raised Las Vegas Sands to a “strong-buy” rating in a report on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $56.75.

Las Vegas Sands Profile

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.