Las Vegas Sands (NYSE:LVS) Stock Price Up 1%

Las Vegas Sands Corp. (NYSE:LVS) traded up 1% on Thursday . The stock traded as high as $47.28 and last traded at $47.23. 597,186 shares traded hands during trading, a decline of 88% from the average session volume of 4,779,222 shares. The stock had previously closed at $46.77.

Analysts Set New Price Targets

LVS has been the subject of several recent analyst reports. StockNews.com upgraded Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Barclays dropped their price target on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Wells Fargo & Company lowered their price objective on shares of Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Stifel Nicolaus cut their target price on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Finally, Mizuho lowered their price target on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.46.

Las Vegas Sands Trading Up 1.0 %

The firm has a market capitalization of $35.18 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 0.87 and a beta of 1.18. The business’s 50-day moving average price is $49.94 and its 200 day moving average price is $49.69. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.30 and a quick ratio of 1.29.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.13. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.94 billion. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. The company’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 earnings per share. On average, equities analysts forecast that Las Vegas Sands Corp. will post 2.63 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.69%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 38.65%.

Insider Buying and Selling at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the sale, the chief executive officer now directly owns 172,801 shares of the company’s stock, valued at approximately $8,996,020.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Las Vegas Sands

Hedge funds and other institutional investors have recently modified their holdings of the stock. Stratos Wealth Partners LTD. raised its holdings in shares of Las Vegas Sands by 76.3% during the third quarter. Stratos Wealth Partners LTD. now owns 10,520 shares of the casino operator’s stock valued at $482,000 after acquiring an additional 4,554 shares during the period. Strs Ohio lifted its holdings in shares of Las Vegas Sands by 2.7% in the third quarter. Strs Ohio now owns 114,033 shares of the casino operator’s stock valued at $5,227,000 after purchasing an additional 2,991 shares in the last quarter. IFM Investors Pty Ltd boosted its position in shares of Las Vegas Sands by 2.1% in the third quarter. IFM Investors Pty Ltd now owns 67,605 shares of the casino operator’s stock worth $3,099,000 after buying an additional 1,390 shares during the period. ING Groep NV purchased a new position in shares of Las Vegas Sands during the third quarter valued at $1,892,000. Finally, Poplar Forest Capital LLC lifted its stake in Las Vegas Sands by 16.1% in the 3rd quarter. Poplar Forest Capital LLC now owns 504,903 shares of the casino operator’s stock worth $23,145,000 after acquiring an additional 70,075 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

About Las Vegas Sands

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, 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 Marina Bay Sands in Singapore.