Asset Management One Co. Ltd. Purchases 604 Shares of Las Vegas Sands Corp. $LVS

Asset Management One Co. Ltd. raised its stake in Las Vegas Sands Corp. (NYSE:LVS) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 150,724 shares of the casino operator’s stock after acquiring an additional 604 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Las Vegas Sands were worth $6,558,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB raised its holdings in Las Vegas Sands by 37.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator’s stock valued at $38,000 after acquiring an additional 239 shares during the period. Harbour Investments Inc. boosted its position in shares of Las Vegas Sands by 21.4% during the 2nd quarter. Harbour Investments Inc. now owns 1,401 shares of the casino operator’s stock worth $61,000 after acquiring an additional 247 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Las Vegas Sands by 53.8% during the 2nd quarter. UMB Bank n.a. now owns 1,361 shares of the casino operator’s stock worth $59,000 after acquiring an additional 476 shares in the last quarter. Parallel Advisors LLC lifted its stake in Las Vegas Sands by 27.4% in the 2nd quarter. Parallel Advisors LLC now owns 2,272 shares of the casino operator’s stock valued at $99,000 after purchasing an additional 488 shares during the last quarter. Finally, Empirical Finance LLC lifted its stake in Las Vegas Sands by 4.8% in the 1st quarter. Empirical Finance LLC now owns 11,686 shares of the casino operator’s stock valued at $451,000 after purchasing an additional 532 shares during the last quarter. 39.16% of the stock is owned by institutional investors.

Las Vegas Sands Price Performance

Shares of Las Vegas Sands stock opened at $58.19 on Wednesday. The firm has a market cap of $39.34 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 1.64 and a beta of 1.01. Las Vegas Sands Corp. has a 12-month low of $30.18 and a 12-month high of $59.66. The company has a quick ratio of 1.21, a current ratio of 0.89 and a debt-to-equity ratio of 7.42. The company’s fifty day simple moving average is $53.58 and its two-hundred day simple moving average is $47.30.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.16. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.04 billion. Las Vegas Sands had a net margin of 12.69% and a return on equity of 73.14%. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 EPS. As a group, equities analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Tuesday, November 4th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, November 4th. This represents a $1.00 annualized dividend and a yield of 1.7%. Las Vegas Sands’s payout ratio is presently 45.25%.

Wall Street Analysts Forecast Growth

LVS has been the subject of several analyst reports. Barclays raised their price target on shares of Las Vegas Sands from $59.00 to $62.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. UBS Group boosted their price target on shares of Las Vegas Sands from $55.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Bank of America boosted their target price on shares of Las Vegas Sands from $52.50 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Susquehanna upped their target price on shares of Las Vegas Sands from $62.00 to $63.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Finally, Mizuho increased their price target on shares of Las Vegas Sands from $56.00 to $63.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.13.

Las Vegas Sands 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.