Primecap Management Co. CA Cuts Stock Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Primecap Management Co. CA lowered its position in shares of Las Vegas Sands Corp. (NYSE:LVSFree Report) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 448,500 shares of the casino operator’s stock after selling 8,400 shares during the period. Primecap Management Co. CA owned approximately 0.06% of Las Vegas Sands worth $22,071,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in shares of Las Vegas Sands in the 3rd quarter worth $27,000. Delos Wealth Advisors LLC bought a new stake in Las Vegas Sands in the 4th quarter worth about $33,000. Venturi Wealth Management LLC raised its position in Las Vegas Sands by 150.4% in the 4th quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock worth $34,000 after buying an additional 409 shares during the last quarter. Mizuho Securities Co. Ltd. bought a new position in Las Vegas Sands during the 4th quarter valued at about $39,000. Finally, Vestor Capital LLC purchased a new stake in shares of Las Vegas Sands during the 4th quarter valued at about $42,000. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Robert G. Goldstein sold 100,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the completion of the transaction, the chief executive officer now directly owns 172,801 shares of the company’s stock, valued at $8,996,020.06. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.91% of the company’s stock.

Las Vegas Sands Price Performance

LVS stock traded up $0.08 during trading on Friday, reaching $44.88. The company’s stock had a trading volume of 5,878,123 shares, compared to its average volume of 5,002,287. The company’s fifty day moving average is $48.58 and its 200-day moving average is $49.56. Las Vegas Sands Corp. has a 1 year low of $43.77 and a 1 year high of $61.25. The company has a market capitalization of $33.44 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 0.84 and a beta of 1.18. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 2.96.

Las Vegas Sands (NYSE:LVSGet Free Report) last released its earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.13. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the business posted $0.28 earnings per share. The firm’s revenue was up 34.9% on a year-over-year basis. On average, research analysts expect that Las Vegas Sands Corp. will post 2.63 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Monday, May 6th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 38.65%.

Analysts Set New Price Targets

LVS has been the topic of several research reports. Barclays dropped their target price on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Morgan Stanley upped their price objective on Las Vegas Sands from $61.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. StockNews.com raised Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Wells Fargo & Company lowered their price objective on shares of Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.46.

View Our Latest Stock Report on Las Vegas Sands

About Las Vegas Sands

(Free Report)

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.

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Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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