Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by SVB Wealth LLC

SVB Wealth LLC lowered its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 5.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,757 shares of the casino operator’s stock after selling 742 shares during the quarter. SVB Wealth LLC’s holdings in Las Vegas Sands were worth $711,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LVS. Blue Trust Inc. raised its holdings in Las Vegas Sands by 127.0% during the fourth quarter. Blue Trust Inc. now owns 3,305 shares of the casino operator’s stock worth $152,000 after purchasing an additional 1,849 shares in the last quarter. State of Alaska Department of Revenue raised its position in Las Vegas Sands by 2.1% in the 4th quarter. State of Alaska Department of Revenue now owns 39,875 shares of the casino operator’s stock valued at $1,962,000 after purchasing an additional 815 shares during the last quarter. Silverlake Wealth Management LLC purchased a new stake in Las Vegas Sands in the 4th quarter valued at $257,000. State of Michigan Retirement System raised its position in Las Vegas Sands by 12.2% in the 4th quarter. State of Michigan Retirement System now owns 101,101 shares of the casino operator’s stock valued at $4,975,000 after purchasing an additional 11,000 shares during the last quarter. Finally, Capstone Capital Wealth Advisors purchased a new stake in Las Vegas Sands in the 4th quarter valued at $495,000. Institutional investors and hedge funds own 39.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LVS shares. Barclays reduced their price target on shares of Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday. Mizuho reduced their price target on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Wells Fargo & Company reduced their price target on shares of Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating for the company in a research report on Thursday. Morgan Stanley reduced their price target on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Las Vegas Sands Price Performance

Shares of NYSE:LVS traded up $0.37 on Monday, reaching $39.55. 7,106,034 shares of the company were exchanged, compared to its average volume of 5,377,447. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 2.96. Las Vegas Sands Corp. has a 1-year low of $38.83 and a 1-year high of $60.47. The firm has a market cap of $29.47 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 0.90 and a beta of 1.12. The company has a 50-day moving average of $43.40 and a 200-day moving average of $47.90.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.82 billion. Las Vegas Sands had a net margin of 14.08% and a return on equity of 43.61%. Las Vegas Sands’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. Equities analysts forecast that Las Vegas Sands Corp. will post 2.49 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.80 dividend on an annualized basis and a yield of 2.02%. Las Vegas Sands’s dividend payout ratio (DPR) is 38.65%.

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.