Capital Guardian Trust Co. Increases Holdings in Las Vegas Sands Corp. (LVS)
Capital Guardian Trust Co. raised its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 6.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 212,976 shares of the casino operator’s stock after buying an additional 13,726 shares during the period. Capital Guardian Trust Co.’s holdings in Las Vegas Sands were worth $13,665,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Global X Management Co. LLC raised its stake in Las Vegas Sands by 8.3% during the 2nd quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock valued at $106,000 after buying an additional 126 shares during the last quarter. Ffcm LLC increased its stake in shares of Las Vegas Sands by 90.9% in the 2nd quarter. Ffcm LLC now owns 2,436 shares of the casino operator’s stock worth $153,000 after purchasing an additional 1,160 shares in the last quarter. San Francisco Sentry Investment Group CA purchased a new stake in shares of Las Vegas Sands in the 3rd quarter worth $181,000. Chase Investment Counsel Corp purchased a new stake in shares of Las Vegas Sands in the 3rd quarter worth $200,000. Finally, Birinyi Associates Inc. purchased a new stake in shares of Las Vegas Sands in the 2nd quarter worth $201,000. Institutional investors and hedge funds own 37.47% of the company’s stock.
LVS has been the subject of several analyst reports. Gabelli upped their price objective on Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded Las Vegas Sands from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Friday, October 13th. Stifel Nicolaus restated a “buy” rating on shares of Las Vegas Sands in a research note on Sunday, September 3rd. Roth Capital initiated coverage on Las Vegas Sands in a research note on Wednesday, October 25th. They issued a “buy” rating and a $69.00 price objective for the company. Finally, Morgan Stanley upped their price objective on 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. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $65.77.
Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.10. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.14 billion. Las Vegas Sands had a net margin of 16.80% and a return on equity of 31.11%. Las Vegas Sands’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 EPS. analysts anticipate that Las Vegas Sands Corp. will post 2.87 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 21st will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend is Wednesday, December 20th. Las Vegas Sands’s dividend payout ratio is currently 110.19%.
In other news, Director George Jamieson bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was bought at an average price of $66.96 per share, with a total value of $66,960.00. Following the acquisition, the director now owns 6,488 shares of the company’s stock, valued at approximately $434,436.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 10.10% of the company’s stock.
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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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