Cullen Frost Bankers Inc. boosted its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 1.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 374,632 shares of the casino operator’s stock after purchasing an additional 6,082 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Las Vegas Sands were worth $26,033,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in LVS. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Las Vegas Sands by 241.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 254,121 shares of the casino operator’s stock worth $17,659,000 after acquiring an additional 179,757 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Las Vegas Sands by 2,096.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 102,034 shares of the casino operator’s stock worth $7,090,000 after acquiring an additional 97,389 shares during the period. Bessemer Group Inc. raised its position in shares of Las Vegas Sands by 60.5% during the fourth quarter. Bessemer Group Inc. now owns 2,067 shares of the casino operator’s stock valued at $144,000 after buying an additional 779 shares during the last quarter. Capital Management Corp VA raised its position in shares of Las Vegas Sands by 0.4% during the fourth quarter. Capital Management Corp VA now owns 185,390 shares of the casino operator’s stock valued at $12,883,000 after buying an additional 740 shares during the last quarter. Finally, American Assets Capital Advisers LLC raised its position in shares of Las Vegas Sands by 50.5% during the fourth quarter. American Assets Capital Advisers LLC now owns 172,426 shares of the casino operator’s stock valued at $11,982,000 after buying an additional 57,826 shares during the last quarter. 37.34% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on LVS shares. Stifel Nicolaus reiterated a “buy” rating and set a $88.00 price objective (up previously from $76.00) on shares of Las Vegas Sands in a research report on Thursday, January 25th. Jefferies Group reissued a “hold” rating on shares of Las Vegas Sands in a report on Thursday, January 25th. Zacks Investment Research lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Morgan Stanley lifted their price objective on shares of Las Vegas Sands from $63.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. Finally, Roth Capital assumed coverage on Las Vegas Sands in a research report on Wednesday, October 25th. They set a “buy” rating and a $69.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $70.54.
Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, January 24th. The casino operator reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the prior year, the company earned $0.62 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. research analysts forecast that Las Vegas Sands Corp. will post 3.33 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 22nd will be paid a $0.75 dividend. The ex-dividend date is Wednesday, March 21st. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.73. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.01%. Las Vegas Sands’s dividend payout ratio (DPR) is 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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