Federated Hermes Inc. Has $207,000 Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

Federated Hermes Inc. trimmed its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 99.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,200 shares of the casino operator’s stock after selling 420,674 shares during the period. Federated Hermes Inc.’s holdings in Las Vegas Sands were worth $207,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Waterfront Wealth Inc. raised its position in Las Vegas Sands by 3.5% during the fourth quarter. Waterfront Wealth Inc. now owns 21,657 shares of the casino operator’s stock valued at $1,066,000 after buying an additional 728 shares during the period. Daiwa Securities Group Inc. increased its position in Las Vegas Sands by 27.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 35,985 shares of the casino operator’s stock worth $1,771,000 after purchasing an additional 7,658 shares during the last quarter. AM Squared Ltd acquired a new position in Las Vegas Sands in the 4th quarter worth about $3,076,000. Rakuten Securities Inc. acquired a new position in Las Vegas Sands in the 4th quarter worth about $65,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Las Vegas Sands by 18.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 227,478 shares of the casino operator’s stock worth $11,194,000 after purchasing an additional 34,952 shares during the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Price Performance

Shares of NYSE:LVS opened at $46.87 on Monday. The business has a 50 day moving average price of $50.34 and a 200 day moving average price of $49.69. Las Vegas Sands Corp. has a twelve month low of $43.77 and a twelve month high of $63.51. The company has a market cap of $34.92 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 0.87 and a beta of 1.18. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 2.96.

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

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, May 6th. This represents a $0.80 annualized dividend and a yield of 1.71%. Las Vegas Sands’s payout ratio is 38.65%.

Insider Activity at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the firm’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 in the company, valued at approximately $8,996,020.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.91% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LVS has been the topic of several research reports. StockNews.com raised Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Citigroup upped their target price on Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. JPMorgan Chase & Co. dropped their target price on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Mizuho decreased their price target on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.