MassMutual Private Wealth & Trust FSB Buys 239 Shares of Las Vegas Sands Corp. $LVS

MassMutual Private Wealth & Trust FSB boosted its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 37.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 876 shares of the casino operator’s stock after acquiring an additional 239 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Las Vegas Sands were worth $38,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in LVS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Las Vegas Sands by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,833 shares of the casino operator’s stock worth $1,481,000 after acquiring an additional 1,120 shares during the last quarter. Woodline Partners LP bought a new position in shares of Las Vegas Sands during the fourth quarter valued at approximately $1,073,000. Forum Financial Management LP bought a new position in shares of Las Vegas Sands during the fourth quarter valued at approximately $209,000. Sunbeam Capital Management LLC bought a new position in shares of Las Vegas Sands during the fourth quarter valued at approximately $296,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Las Vegas Sands during the fourth quarter valued at approximately $4,123,000. 39.16% of the stock is owned by institutional investors.

Las Vegas Sands Stock Up 1.1%

Las Vegas Sands stock opened at $53.81 on Friday. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.22 and a quick ratio of 1.21. The stock has a market capitalization of $36.94 billion, a price-to-earnings ratio of 27.18, a PEG ratio of 1.96 and a beta of 1.04. Las Vegas Sands Corp. has a 1-year low of $30.18 and a 1-year high of $58.05. The business has a fifty day moving average price of $53.14 and a 200-day moving average price of $44.79.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.26. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $2.83 billion. Las Vegas Sands had a return on equity of 55.37% and a net margin of 12.16%.The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 EPS. Equities research analysts forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Tuesday, August 5th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 50.51%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Susquehanna cut their target price on Las Vegas Sands from $59.00 to $58.00 and set a “positive” rating on the stock in a research note on Monday, July 21st. Mizuho upped their target price on Las Vegas Sands from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Morgan Stanley upped their target price on Las Vegas Sands from $50.00 to $57.00 and gave the company an “equal weight” rating in a research note on Thursday, September 11th. JPMorgan Chase & Co. upped their target price on Las Vegas Sands from $47.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Finally, Wall Street Zen raised Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Sunday, September 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.47.

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.