Las Vegas Sands Corp. (LVS) Shares Bought by Brown Advisory Inc.
Brown Advisory Inc. increased its stake in Las Vegas Sands Corp. (NYSE:LVS) by 3.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,823 shares of the casino operator’s stock after purchasing an additional 1,540 shares during the period. Brown Advisory Inc.’s holdings in Las Vegas Sands were worth $2,481,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Las Vegas Sands by 39.7% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,311 shares of the casino operator’s stock worth $730,000 after purchasing an additional 3,500 shares during the period. Dimensional Fund Advisors LP boosted its stake in Las Vegas Sands by 4.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 942,643 shares of the casino operator’s stock worth $55,929,000 after purchasing an additional 40,612 shares during the period. Meiji Yasuda Life Insurance Co boosted its stake in Las Vegas Sands by 109.4% in the 3rd quarter. Meiji Yasuda Life Insurance Co now owns 6,890 shares of the casino operator’s stock worth $409,000 after purchasing an additional 3,600 shares during the period. Quantbot Technologies LP acquired a new position in Las Vegas Sands in the 3rd quarter worth $8,262,000. Finally, Panagora Asset Management Inc. boosted its stake in Las Vegas Sands by 23.4% in the 3rd quarter. Panagora Asset Management Inc. now owns 1,679,412 shares of the casino operator’s stock worth $99,640,000 after purchasing an additional 318,750 shares during the period. 37.08% of the stock is owned by hedge funds and other institutional investors.
LVS has been the subject of a number of research analyst reports. HSBC raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research note on Monday, October 15th. ValuEngine downgraded shares of Las Vegas Sands from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th. Goldman Sachs Group downgraded shares of Las Vegas Sands from a “conviction-buy” rating to a “buy” rating in a research note on Friday, October 19th. Zacks Investment Research downgraded shares of Las Vegas Sands from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. Finally, Sanford C. Bernstein assumed coverage on shares of Las Vegas Sands in a research note on Thursday, November 15th. They set an “outperform” rating and a $81.45 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. Las Vegas Sands currently has an average rating of “Hold” and an average target price of $74.03.
Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, October 24th. The casino operator reported $0.77 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.04). Las Vegas Sands had a return on equity of 34.18% and a net margin of 27.71%. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.41 billion. On average, sell-side analysts expect that Las Vegas Sands Corp. will post 3.4 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Tuesday, December 18th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Monday, December 17th. This represents a $3.00 annualized dividend and a yield of 5.62%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 98.68%.
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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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