Czech National Bank Grows Stake in Las Vegas Sands Corp. (NYSE:LVS)

Czech National Bank increased its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 7.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,567 shares of the casino operator’s stock after buying an additional 4,593 shares during the quarter. Czech National Bank’s holdings in Las Vegas Sands were worth $3,078,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Waldron Private Wealth LLC grew its holdings in shares of Las Vegas Sands by 1.9% during the fourth quarter. Waldron Private Wealth LLC now owns 12,361 shares of the casino operator’s stock valued at $608,000 after buying an additional 232 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in Las Vegas Sands by 1.0% in the fourth quarter. Corient Private Wealth LLC now owns 28,532 shares of the casino operator’s stock valued at $1,404,000 after purchasing an additional 288 shares during the last quarter. Western Pacific Wealth Management LP boosted its holdings in Las Vegas Sands by 53.5% in the first quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator’s stock valued at $50,000 after purchasing an additional 338 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Las Vegas Sands by 54.8% in the fourth quarter. Parallel Advisors LLC now owns 1,008 shares of the casino operator’s stock valued at $50,000 after purchasing an additional 357 shares during the last quarter. Finally, Apollon Wealth Management LLC boosted its holdings in Las Vegas Sands by 6.0% in the fourth quarter. Apollon Wealth Management LLC now owns 7,442 shares of the casino operator’s stock valued at $366,000 after purchasing an additional 424 shares during the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on LVS shares. StockNews.com downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Barclays decreased their price objective on shares of Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Morgan Stanley decreased their price objective on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Wells Fargo & Company decreased their price objective on shares of Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Las Vegas Sands Trading Up 0.5 %

Las Vegas Sands stock traded up $0.18 during trading on Monday, hitting $38.75. The company had a trading volume of 3,171,382 shares, compared to its average volume of 5,446,562. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $56.26. The company has a current ratio of 1.58, a quick ratio of 1.29 and a debt-to-equity ratio of 3.29. The company’s 50 day simple moving average is $42.15 and its 200-day simple moving average is $47.18. The stock has a market cap of $28.87 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 1.04 and a beta of 1.12.

Las Vegas Sands (NYSE:LVS) last posted 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 company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the business posted $0.46 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, analysts expect that Las Vegas Sands Corp. will post 2.48 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.80 annualized dividend and a yield of 2.06%. Las Vegas Sands’s dividend payout ratio is presently 38.65%.

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.