Cadence Capital Management LLC decreased its stake in Las Vegas Sands Corp. (NYSE:LVS) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,762 shares of the casino operator’s stock after selling 1,681 shares during the period. Cadence Capital Management LLC’s holdings in Las Vegas Sands were worth $2,902,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in LVS. Janus Henderson Group PLC lifted its holdings in shares of Las Vegas Sands by 25.0% during the third quarter. Janus Henderson Group PLC now owns 4,051,823 shares of the casino operator’s stock valued at $259,973,000 after acquiring an additional 810,373 shares during the period. Csenge Advisory Group bought a new position in shares of Las Vegas Sands in the third quarter valued at about $504,000. Yellowstone Partners LLC bought a new position in shares of Las Vegas Sands in the third quarter valued at about $640,000. Westfield Capital Management Co. LP bought a new position in shares of Las Vegas Sands in the third quarter valued at about $327,000. Finally, AXA raised its holdings in shares of Las Vegas Sands by 3.9% in the third quarter. AXA now owns 107,969 shares of the casino operator’s stock valued at $6,927,000 after buying an additional 4,067 shares during the last quarter. Institutional investors and hedge funds own 37.34% of the company’s stock.
A number of research analysts recently issued reports on the company. Zacks Investment Research cut Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Morgan Stanley lifted their price objective on Las Vegas Sands from $63.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Bank of America lifted their price objective on Las Vegas Sands from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. lifted their price objective on Las Vegas Sands from $63.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Finally, Gabelli boosted their target price on Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $70.54.
Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, January 24th. The casino operator reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.11. Las Vegas Sands had a return on equity of 34.76% and a net margin of 21.78%. The company had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the prior year, the business posted $0.62 EPS. The business’s revenue was up 11.7% compared to the same quarter last year. equities research analysts expect that Las Vegas Sands Corp. will post 3.33 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 22nd will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.03%. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.73. Las Vegas Sands’s dividend payout ratio is currently 82.49%.
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Las Vegas Sands Company Profile
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.
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