Fieldview Capital Management LLC Takes $4.56 Million Position in Las Vegas Sands Corp. $LVS

Fieldview Capital Management LLC acquired a new stake in Las Vegas Sands Corp. (NYSE:LVS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 70,065 shares of the casino operator’s stock, valued at approximately $4,561,000. Las Vegas Sands accounts for about 0.8% of Fieldview Capital Management LLC’s holdings, making the stock its 17th biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Grove Bank & Trust acquired a new position in Las Vegas Sands in the 4th quarter worth about $26,000. International Assets Investment Management LLC bought a new position in shares of Las Vegas Sands in the 4th quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB raised its stake in shares of Las Vegas Sands by 254.8% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock valued at $36,000 after acquiring an additional 400 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Las Vegas Sands by 549.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 630 shares of the casino operator’s stock valued at $35,000 after purchasing an additional 533 shares during the period. Finally, Activest Wealth Management boosted its stake in Las Vegas Sands by 1,208.0% during the 4th quarter. Activest Wealth Management now owns 654 shares of the casino operator’s stock valued at $43,000 after purchasing an additional 604 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Las Vegas Sands

In related news, CEO Patrick Dumont sold 60,165 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total transaction of $3,294,033.75. Following the sale, the chief executive officer owned 511,942 shares in the company, valued at approximately $28,028,824.50. This represents a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on LVS shares. Wells Fargo & Company lowered their price objective on Las Vegas Sands from $68.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. Barclays raised their price target on Las Vegas Sands from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Morgan Stanley raised their price target on Las Vegas Sands from $67.00 to $69.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Jefferies Financial Group lifted their target price on Las Vegas Sands from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Thursday, April 23rd. Finally, Stifel Nicolaus lifted their target price on Las Vegas Sands from $72.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Las Vegas Sands presently has an average rating of “Moderate Buy” and an average price target of $67.91.

Las Vegas Sands Stock Performance

LVS opened at $50.70 on Friday. Las Vegas Sands Corp. has a 52-week low of $40.03 and a 52-week high of $70.45. The firm has a market capitalization of $33.60 billion, a PE ratio of 18.78, a PEG ratio of 1.15 and a beta of 0.81. The company has a debt-to-equity ratio of 8.64, a quick ratio of 0.91 and a current ratio of 0.92. The business’s 50-day simple moving average is $52.68 and its 200 day simple moving average is $57.40.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.15. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the prior year, the company posted $0.59 earnings per share. Las Vegas Sands’s revenue was up 25.3% on a year-over-year basis. As a group, sell-side analysts expect that Las Vegas Sands Corp. will post 3.38 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.4%. The ex-dividend date was Tuesday, May 5th. Las Vegas Sands’s dividend payout ratio is presently 44.44%.

About Las Vegas Sands

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.