Americafirst Capital Management LLC bought a new position in Las Vegas Sands Corp. (NYSE:LVS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,898 shares of the casino operator’s stock, valued at approximately $250,000.

A number of other hedge funds and other institutional investors have also modified their holdings of LVS. Vanguard Group Inc. raised its holdings in shares of Las Vegas Sands by 1.6% during the second quarter. Vanguard Group Inc. now owns 20,034,880 shares of the casino operator’s stock valued at $1,280,029,000 after buying an additional 322,708 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Las Vegas Sands by 2.3% during the second quarter. BlackRock Inc. now owns 16,129,966 shares of the casino operator’s stock valued at $1,030,543,000 after buying an additional 365,566 shares during the last quarter. Capital World Investors raised its holdings in shares of Las Vegas Sands by 14.5% during the second quarter. Capital World Investors now owns 9,998,000 shares of the casino operator’s stock valued at $638,772,000 after buying an additional 1,263,000 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Las Vegas Sands by 40.8% during the second quarter. Bank of New York Mellon Corp now owns 6,506,795 shares of the casino operator’s stock valued at $415,720,000 after buying an additional 1,886,376 shares during the last quarter. Finally, Thornburg Investment Management Inc. raised its holdings in shares of Las Vegas Sands by 4.8% during the third quarter. Thornburg Investment Management Inc. now owns 4,387,745 shares of the casino operator’s stock valued at $281,518,000 after buying an additional 199,979 shares during the last quarter. 37.47% of the stock is currently owned by hedge funds and other institutional investors.

LVS has been the topic of a number of research analyst reports. Gabelli raised their price objective on shares of Las Vegas Sands from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Friday, October 13th. Stifel Nicolaus reiterated a “buy” rating on shares of Las Vegas Sands in a research note on Sunday, September 3rd. Roth Capital initiated coverage on shares of Las Vegas Sands in a research note on Wednesday, October 25th. They set a “buy” rating and a $69.00 price objective on the stock. Finally, Morgan Stanley raised their price objective on shares of Las Vegas Sands from $63.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $65.77.

In related news, Director George Jamieson bought 1,000 shares of the firm’s stock in a transaction 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 purchase, the director now directly owns 6,488 shares of the company’s stock, valued at approximately $434,436.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 10.10% of the company’s stock.

Las Vegas Sands Corp. (NYSE:LVS) traded down $0.28 during midday trading on Friday, reaching $70.55. 2,265,600 shares of the company’s stock traded hands, compared to its average volume of 3,242,570. Las Vegas Sands Corp. has a 12-month low of $51.35 and a 12-month high of $71.42. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.05 and a current ratio of 1.07. The stock has a market cap of $55,989.70, a PE ratio of 25.48 and a beta of 1.80.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data 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 firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Las Vegas Sands had a net margin of 16.80% and a return on equity of 31.11%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 EPS. equities research analysts expect that Las Vegas Sands Corp. will post 2.87 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, December 21st will be paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend is Wednesday, December 20th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 110.19%.

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About Las Vegas Sands

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.

Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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