Las Vegas Sands Corp. (NYSE:LVS) Shares Purchased by Cwm LLC

Cwm LLC boosted its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 28.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,310 shares of the casino operator’s stock after buying an additional 2,076 shares during the quarter. Cwm LLC’s holdings in Las Vegas Sands were worth $458,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LVS. Headlands Technologies LLC acquired a new stake in Las Vegas Sands during the third quarter valued at $27,000. Western Pacific Wealth Management LP acquired a new stake in shares of Las Vegas Sands in the third quarter valued at about $29,000. CNB Bank acquired a new stake in shares of Las Vegas Sands in the third quarter valued at about $32,000. Venturi Wealth Management LLC grew its position in shares of Las Vegas Sands by 150.4% in the fourth quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock valued at $34,000 after purchasing an additional 409 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of Las Vegas Sands by 617.3% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 911 shares of the casino operator’s stock valued at $45,000 after purchasing an additional 784 shares during the period. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Price Performance

Shares of LVS opened at $44.55 on Thursday. Las Vegas Sands Corp. has a 1-year low of $43.77 and a 1-year high of $64.48. The stock has a market cap of $33.19 billion, a PE ratio of 21.52, a P/E/G ratio of 0.85 and a beta of 1.16. The firm has a 50-day simple moving average of $50.64 and a two-hundred day simple moving average of $49.63. 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 quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.13. Las Vegas Sands had a net margin of 13.99% and a return on equity of 42.34%. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the business earned $0.28 earnings per share. The business’s revenue for the quarter was up 34.9% on a year-over-year basis. As a group, analysts forecast that Las Vegas Sands Corp. will post 2.65 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Monday, May 6th. Las Vegas Sands’s dividend payout ratio is presently 38.65%.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were 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 in the company, valued at approximately $8,996,020.06. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on LVS shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. StockNews.com raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. decreased their price target on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Stifel Nicolaus decreased their price target on shares of 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. Finally, Mizuho decreased their price target on shares of 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. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $63.46.

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.