Xponance Inc. Buys 1,180 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Xponance Inc. increased its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 1.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,717 shares of the casino operator’s stock after purchasing an additional 1,180 shares during the period. Xponance Inc.’s holdings in Las Vegas Sands were worth $3,660,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Las Vegas Sands by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator’s stock valued at $1,918,472,000 after acquiring an additional 209,589 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Las Vegas Sands by 1.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 32,170,552 shares of the casino operator’s stock worth $1,663,219,000 after purchasing an additional 531,799 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Las Vegas Sands by 15.7% during the second quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock worth $502,307,000 after purchasing an additional 1,536,754 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Las Vegas Sands by 6.3% in the 4th quarter. Fisher Asset Management LLC now owns 11,263,604 shares of the casino operator’s stock valued at $554,282,000 after buying an additional 669,052 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Las Vegas Sands by 0.8% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,500,248 shares of the casino operator’s stock valued at $376,136,000 after buying an additional 68,568 shares in the last quarter. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Up 1.0 %

LVS stock opened at $44.82 on Thursday. The company has a market cap of $33.01 billion, a price-to-earnings ratio of 21.65, a P/E/G ratio of 1.20 and a beta of 1.11. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $55.65. The business has a 50 day moving average price of $40.05 and a two-hundred day moving average price of $44.43. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 3.29.

Las Vegas Sands (NYSE:LVS) last released 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). Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.82 billion. Las Vegas Sands’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 earnings per share. Analysts anticipate that Las Vegas Sands Corp. will post 2.45 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.78%. Las Vegas Sands’s payout ratio is 38.65%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LVS. Deutsche Bank Aktiengesellschaft reduced their target price on Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Macquarie lowered their target price on Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Jefferies Financial Group reduced their price target on shares of Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Susquehanna dropped their price objective on shares of Las Vegas Sands from $59.00 to $51.00 and set a “positive” rating on the stock in a report on Thursday, July 25th. Finally, Stifel Nicolaus reduced their target price on shares of Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $55.25.

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.