Bank & Trust Co Acquires Shares of 651 Las Vegas Sands Corp. (NYSE:LVS)

Bank & Trust Co acquired a new stake in Las Vegas Sands Corp. (NYSE:LVS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 651 shares of the casino operator’s stock, valued at approximately $29,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Delos Wealth Advisors LLC purchased a new stake in shares of Las Vegas Sands during the 4th quarter worth approximately $33,000. Venturi Wealth Management LLC increased its stake in shares of Las Vegas Sands by 150.4% during the 4th quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock worth $34,000 after purchasing an additional 409 shares during the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in shares of Las Vegas Sands during the 4th quarter worth approximately $39,000. Accent Capital Management LLC purchased a new stake in shares of Las Vegas Sands during the 4th quarter worth approximately $39,000. Finally, Vestor Capital LLC purchased a new stake in shares of Las Vegas Sands during the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on LVS shares. Macquarie cut their price objective on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Susquehanna cut their price objective on shares of Las Vegas Sands from $59.00 to $51.00 and set a “positive” rating for the company in a report on Thursday, July 25th. StockNews.com downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Barclays cut their price objective on shares of Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Finally, Citigroup raised their price objective on shares of Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Las Vegas Sands Price Performance

Shares of Las Vegas Sands stock traded up $0.65 on Tuesday, hitting $38.51. 6,822,417 shares of the company traded hands, compared to its average volume of 5,444,462. The firm’s 50-day simple moving average is $42.59 and its 200 day simple moving average is $47.46. The company has a current ratio of 1.58, a quick ratio of 1.29 and a debt-to-equity ratio of 3.29. The company has a market cap of $28.69 billion, a P/E ratio of 18.30, a P/E/G ratio of 1.04 and a beta of 1.12. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $58.53.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 EPS. Analysts expect that Las Vegas Sands Corp. will post 2.48 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Tuesday, August 6th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Tuesday, August 6th. Las Vegas Sands’s payout ratio is presently 38.65%.

Las Vegas Sands Company 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.