Claybrook Capital LLC acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,000 shares of the casino operator’s stock, valued at approximately $52,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. lifted its position in Las Vegas Sands by 99.6% in the 4th quarter. Cornerstone Advisors Inc. now owns 487 shares of the casino operator’s stock valued at $25,000 after acquiring an additional 243 shares in the last quarter. Bartlett & Co. LLC bought a new position in Las Vegas Sands in the 4th quarter valued at about $26,000. FTB Advisors Inc. lifted its position in Las Vegas Sands by 73.4% in the 4th quarter. FTB Advisors Inc. now owns 607 shares of the casino operator’s stock valued at $31,000 after acquiring an additional 257 shares in the last quarter. Semmax Financial Advisors Inc. bought a new position in Las Vegas Sands in the 4th quarter valued at about $32,000. Finally, Prime Capital Investment Advisors LLC bought a new position in Las Vegas Sands in the 4th quarter valued at about $40,000. 36.03% of the stock is currently owned by institutional investors.

Shares of NYSE LVS opened at $59.76 on Friday. Las Vegas Sands Corp. has a fifty-two week low of $47.39 and a fifty-two week high of $81.45. The stock has a market capitalization of $46.32 billion, a P/E ratio of 18.00 and a beta of 1.40. The company has a current ratio of 1.76, a quick ratio of 1.75 and a debt-to-equity ratio of 1.76.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, January 23rd. The casino operator reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.08). Las Vegas Sands had a return on equity of 33.84% and a net margin of 17.58%. The firm had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same period in the prior year, the business earned $0.88 EPS. Las Vegas Sands’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, sell-side analysts expect that Las Vegas Sands Corp. will post 3.2 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Wednesday, March 20th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Tuesday, March 19th. This represents a $3.08 annualized dividend and a dividend yield of 5.15%. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.75. Las Vegas Sands’s dividend payout ratio (DPR) is currently 90.36%.

Several brokerages recently weighed in on LVS. Deutsche Bank raised 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. Zacks Investment Research cut shares of Las Vegas Sands from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. Finally, Morgan Stanley raised 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $71.19.

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Las Vegas Sands Company Profile

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.

Featured Article: Special Dividends

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

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