Las Vegas Sands Corp. $LVS Shares Acquired by Silvant Capital Management LLC

Silvant Capital Management LLC increased its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 2.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 384,295 shares of the casino operator’s stock after buying an additional 9,322 shares during the quarter. Las Vegas Sands comprises about 0.7% of Silvant Capital Management LLC’s holdings, making the stock its 22nd largest position. Silvant Capital Management LLC’s holdings in Las Vegas Sands were worth $20,671,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in LVS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Las Vegas Sands by 8.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock valued at $1,207,000 after purchasing an additional 2,418 shares during the last quarter. Woodline Partners LP raised its stake in shares of Las Vegas Sands by 38.9% during the first quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock worth $1,122,000 after purchasing an additional 8,132 shares during the last quarter. RWA Wealth Partners LLC purchased a new stake in shares of Las Vegas Sands during the second quarter worth approximately $360,000. Prospera Financial Services Inc acquired a new stake in shares of Las Vegas Sands during the second quarter worth $485,000. Finally, Aviva PLC grew its position in Las Vegas Sands by 544.3% in the 2nd quarter. Aviva PLC now owns 243,500 shares of the casino operator’s stock valued at $10,595,000 after buying an additional 205,708 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Insider Transactions at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 1,198,650 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $66.68, for a total value of $79,925,982.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Miriam Adelson sold 77,991 shares of Las Vegas Sands stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $67.56, for a total transaction of $5,269,071.96. Following the sale, the insider owned 23,333,441 shares of the company’s stock, valued at approximately $1,576,407,273.96. The trade was a 0.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 2,460,896 shares of company stock valued at $164,177,676. 1.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

LVS has been the topic of several recent research reports. Jefferies Financial Group dropped their price objective on shares of Las Vegas Sands from $78.00 to $72.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Citigroup raised their target price on shares of Las Vegas Sands from $75.50 to $76.75 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Zacks Research lowered shares of Las Vegas Sands from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Las Vegas Sands from $76.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Las Vegas Sands from $70.00 to $71.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. Twelve investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.55.

Las Vegas Sands Price Performance

Las Vegas Sands stock opened at $54.25 on Wednesday. The company has a market cap of $36.45 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 1.38 and a beta of 0.88. Las Vegas Sands Corp. has a one year low of $30.18 and a one year high of $70.45. The business has a fifty day moving average of $58.26 and a two-hundred day moving average of $58.99. The company has a debt-to-equity ratio of 7.58, a quick ratio of 1.13 and a current ratio of 1.14.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, January 28th. The casino operator reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.08. The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.33 billion. Las Vegas Sands had a net margin of 12.50% and a return on equity of 91.40%. The business’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 EPS. As a group, analysts predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Monday, February 9th were given a dividend of $0.30 per share. The ex-dividend date was Monday, February 9th. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 2.2%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 51.28%.

Las Vegas Sands Company Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.