Vestor Capital LLC Takes $42,000 Position in Las Vegas Sands Corp. (NYSE:LVS)

Vestor Capital LLC bought a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 856 shares of the casino operator’s stock, valued at approximately $42,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new position in shares of Las Vegas Sands during the 3rd quarter valued at approximately $27,000. CNB Bank bought a new position in Las Vegas Sands during the third quarter worth $32,000. Delos Wealth Advisors LLC bought a new position in Las Vegas Sands during the fourth quarter worth $33,000. Venturi Wealth Management LLC lifted its stake in Las Vegas Sands by 150.4% during the fourth quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock worth $34,000 after purchasing an additional 409 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. bought a new position in Las Vegas Sands during the fourth quarter worth $39,000. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LVS shares. Mizuho 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 note on Thursday, April 18th. StockNews.com upgraded Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Jefferies Financial Group cut their target price on Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating on the stock in a research note on Thursday, April 18th. Deutsche Bank Aktiengesellschaft lowered their price target on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Finally, Morgan Stanley raised their price target on Las Vegas Sands from $61.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Las Vegas Sands has a consensus rating of “Moderate Buy” and an average price target of $63.46.

Insider Buying and Selling at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 100,000 shares of the business’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 value of $5,206,000.00. Following the completion of the sale, the chief executive officer now owns 172,801 shares of the company’s stock, valued at approximately $8,996,020.06. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.20% of the company’s stock.

Las Vegas Sands Price Performance

NYSE:LVS traded up $0.45 during mid-day trading on Thursday, reaching $47.22. 3,230,710 shares of the stock were exchanged, compared to its average volume of 4,809,412. The business has a fifty day moving average price of $49.94 and a 200 day moving average price of $49.69. The firm has a market capitalization of $35.18 billion, a PE ratio of 22.81, a PEG ratio of 0.87 and a beta of 1.18. Las Vegas Sands Corp. has a 1-year low of $43.77 and a 1-year high of $63.51. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 2.96.

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

Las Vegas Sands Announces Dividend

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

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.