Livforsakringsbolaget Skandia Omsesidigt Acquires 1,500 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 419.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,858 shares of the casino operator’s stock after acquiring an additional 1,500 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Las Vegas Sands were worth $94,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bank & Trust Co bought a new stake in Las Vegas Sands in the second quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Las Vegas Sands by 93.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock worth $40,000 after purchasing an additional 437 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in Las Vegas Sands in the first quarter worth about $43,000. GAMMA Investing LLC lifted its stake in Las Vegas Sands by 40.1% in the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after purchasing an additional 243 shares during the last quarter. Finally, Western Pacific Wealth Management LP lifted its stake in Las Vegas Sands by 53.5% in the first quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator’s stock worth $50,000 after purchasing an additional 338 shares during the last quarter. Institutional investors own 39.16% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Jefferies Financial Group decreased their price objective on shares of Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. Stifel Nicolaus reduced their target price on shares of Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. StockNews.com lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Barclays reduced their target price on shares of Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $56.25.

Las Vegas Sands Stock Performance

Shares of LVS stock opened at $50.95 on Wednesday. The firm has a market cap of $37.96 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 1.48 and a beta of 1.12. Las Vegas Sands Corp. has a 52-week low of $36.62 and a 52-week high of $55.65. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 3.29. The company’s 50 day moving average is $43.46 and its 200 day moving average is $44.41.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.82 billion. Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. Las Vegas Sands’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business earned $0.46 earnings per share. On average, sell-side analysts anticipate that Las Vegas Sands Corp. will post 2.45 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th were paid a $0.20 dividend. The ex-dividend date was Tuesday, August 6th. This represents a $0.80 annualized dividend and a yield of 1.57%. Las Vegas Sands’s dividend payout ratio (DPR) is 38.65%.

Las Vegas Sands Company Profile

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.