Vontobel Holding Ltd. Reduces Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

Vontobel Holding Ltd. lessened its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 36.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,067 shares of the casino operator’s stock after selling 3,482 shares during the quarter. Vontobel Holding Ltd.’s holdings in Las Vegas Sands were worth $299,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LVS. CWM LLC increased its position in Las Vegas Sands by 12.9% during the 3rd quarter. CWM LLC now owns 7,234 shares of the casino operator’s stock worth $332,000 after purchasing an additional 829 shares in the last quarter. Flagship Harbor Advisors LLC lifted its stake in shares of Las Vegas Sands by 93.5% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 7,218 shares of the casino operator’s stock valued at $331,000 after purchasing an additional 3,488 shares in the last quarter. Oak Thistle LLC acquired a new position in shares of Las Vegas Sands in the 3rd quarter valued at about $475,000. Czech National Bank lifted its stake in shares of Las Vegas Sands by 47.7% in the 3rd quarter. Czech National Bank now owns 57,452 shares of the casino operator’s stock valued at $2,634,000 after purchasing an additional 18,555 shares in the last quarter. Finally, Solidarity Wealth LLC lifted its stake in shares of Las Vegas Sands by 12.7% in the 3rd quarter. Solidarity Wealth LLC now owns 30,914 shares of the casino operator’s stock valued at $1,417,000 after purchasing an additional 3,489 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Trading Down 1.2 %

NYSE:LVS opened at $46.01 on Wednesday. Las Vegas Sands Corp. has a 12-month low of $43.77 and a 12-month high of $65.58. The firm has a market capitalization of $34.57 billion, a P/E ratio of 22.23, a P/E/G ratio of 0.84 and a beta of 1.17. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.31 and a quick ratio of 1.30. The business has a 50 day simple moving average of $51.74 and a 200 day simple moving average of $49.69.

Las Vegas Sands (NYSE:LVS) last announced its quarterly 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. Las Vegas Sands had a return on equity of 41.81% and a net margin of 13.99%. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the firm posted $0.28 EPS. The firm’s quarterly revenue was up 34.9% on a year-over-year basis. Equities research analysts predict that Las Vegas Sands Corp. will post 2.65 EPS for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, May 6th. This represents a $0.80 dividend on an annualized basis and a yield of 1.74%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 38.65%.

Insiders Place Their Bets

In related news, CEO Robert G. Goldstein sold 100,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 172,801 shares of the company’s stock, valued at $8,996,020.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

LVS has been the topic of several analyst reports. Citigroup raised their target price on Las Vegas Sands from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Jefferies Financial Group dropped their target price on Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating on the stock in a report on Thursday, April 18th. Mizuho dropped their price objective on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Morgan Stanley lifted their price objective on Las Vegas Sands from $61.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. Finally, Stifel Nicolaus dropped their price objective on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Las Vegas Sands has a consensus rating of “Moderate Buy” and an average price target of $63.46.

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.