RPG Investment Advisory LLC Sells 626 Shares of Las Vegas Sands Corp. (LVS)
RPG Investment Advisory LLC reduced its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 0.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 88,083 shares of the casino operator’s stock after selling 626 shares during the period. RPG Investment Advisory LLC’s holdings in Las Vegas Sands were worth $5,370,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of LVS. American International Group Inc. acquired a new stake in shares of Las Vegas Sands during the 4th quarter valued at about $359,921,000. Boston Partners boosted its position in shares of Las Vegas Sands by 598.6% during the 4th quarter. Boston Partners now owns 5,170,019 shares of the casino operator’s stock valued at $269,099,000 after acquiring an additional 4,429,990 shares in the last quarter. Norges Bank acquired a new stake in shares of Las Vegas Sands during the 4th quarter valued at about $229,684,000. Oregon Public Employees Retirement Fund boosted its position in shares of Las Vegas Sands by 4,563.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,242,730 shares of the casino operator’s stock valued at $43,000 after acquiring an additional 2,194,636 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of Las Vegas Sands by 103.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 37,100 shares of the casino operator’s stock valued at $2,201,000 after acquiring an additional 1,187,100 shares in the last quarter. Institutional investors and hedge funds own 36.70% of the company’s stock.
Several brokerages have recently weighed in on LVS. Zacks Investment Research upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research report on Tuesday, April 9th. Deutsche Bank boosted their price target on shares of Las Vegas Sands to $60.00 and gave the company a “buy” rating in a research report on Thursday, January 24th. Morgan Stanley boosted their price target on shares of Las Vegas Sands from $64.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Jefferies Financial Group boosted their price target on shares of Las Vegas Sands from $57.00 to $69.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $58.00 price target on shares of Las Vegas Sands in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $69.32.
Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, January 23rd. The casino operator reported $0.77 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.08). The firm had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.52 billion. Las Vegas Sands had a net margin of 17.58% and a return on equity of 33.84%. Las Vegas Sands’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 earnings per share. On average, research analysts expect that Las Vegas Sands Corp. will post 3.23 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 20th were paid a $0.77 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.75. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.63%. Las Vegas Sands’s payout ratio is currently 92.77%.
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About Las Vegas Sands
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.
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