Continental Advisors LLC lessened its stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 18.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,325 shares of the casino operator's stock after selling 15,500 shares during the quarter. Las Vegas Sands comprises about 1.7% of Continental Advisors LLC's holdings, making the stock its 16th largest holding. Continental Advisors LLC's holdings in Las Vegas Sands were worth $3,612,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in Las Vegas Sands during the 3rd quarter worth approximately $26,000. Bank of Jackson Hole Trust acquired a new stake in Las Vegas Sands in the fourth quarter valued at $26,000. UMB Bank n.a. boosted its stake in Las Vegas Sands by 73.5% during the 4th quarter. UMB Bank n.a. now owns 583 shares of the casino operator's stock valued at $30,000 after acquiring an additional 247 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Las Vegas Sands in the 4th quarter worth about $36,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Las Vegas Sands by 63.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 885 shares of the casino operator's stock valued at $45,000 after purchasing an additional 342 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Morgan Stanley decreased their price target on Las Vegas Sands from $47.00 to $45.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Citigroup boosted their price target on Las Vegas Sands from $64.50 to $67.00 and gave the company a "buy" rating in a report on Thursday, January 30th. JPMorgan Chase & Co. reduced their price objective on Las Vegas Sands from $62.00 to $61.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 29th. Mizuho set a $47.00 target price on shares of Las Vegas Sands in a research note on Thursday. Finally, Stifel Nicolaus set a $57.00 price target on shares of Las Vegas Sands and gave the stock a "buy" rating in a research report on Thursday. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.75.
Read Our Latest Stock Analysis on Las Vegas Sands
Las Vegas Sands Stock Performance
Las Vegas Sands stock traded down $0.74 during mid-day trading on Friday, hitting $35.87. 6,977,424 shares of the company's stock traded hands, compared to its average volume of 6,058,272. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 3.35. Las Vegas Sands Corp. has a one year low of $30.18 and a one year high of $56.61. The firm has a 50 day moving average price of $39.27 and a 200 day moving average price of $45.90. The company has a market cap of $25.35 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 1.41 and a beta of 0.99.
Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The casino operator reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.95 billion. Las Vegas Sands had a net margin of 12.80% and a return on equity of 45.82%. During the same quarter in the prior year, the firm earned $0.78 earnings per share. On average, equities analysts forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current year.
Las Vegas Sands declared that its board has approved a share buyback plan on Wednesday, April 23rd that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the casino operator to buy up to 8.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.
Las Vegas Sands Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Tuesday, May 6th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Tuesday, May 6th. Las Vegas Sands's dividend payout ratio is currently 55.56%.
Las Vegas Sands Company Profile
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Free Report)
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.
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