Penn Davis Mcfarland Inc. Grows Position in Las Vegas Sands Corp. (NYSE:LVS)

Penn Davis Mcfarland Inc. boosted its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 404,749 shares of the casino operator’s stock after purchasing an additional 3,908 shares during the period. Las Vegas Sands comprises about 2.8% of Penn Davis Mcfarland Inc.’s investment portfolio, making the stock its 17th biggest position. Penn Davis Mcfarland Inc. owned approximately 0.05% of Las Vegas Sands worth $17,910,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Norges Bank bought a new position in shares of Las Vegas Sands in the fourth quarter worth about $266,538,000. Vanguard Group Inc. boosted its stake in shares of Las Vegas Sands by 13.1% in the fourth quarter. Vanguard Group Inc. now owns 36,898,186 shares of the casino operator’s stock worth $1,815,760,000 after acquiring an additional 4,264,043 shares during the period. ARGA Investment Management LP boosted its stake in shares of Las Vegas Sands by 214.5% in the fourth quarter. ARGA Investment Management LP now owns 3,110,574 shares of the casino operator’s stock worth $153,071,000 after acquiring an additional 2,121,546 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Las Vegas Sands by 58.6% in the first quarter. Janus Henderson Group PLC now owns 5,330,023 shares of the casino operator’s stock worth $275,559,000 after acquiring an additional 1,968,941 shares during the period. Finally, Ghisallo Capital Management LLC bought a new position in Las Vegas Sands during the fourth quarter valued at approximately $73,815,000. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LVS. Morgan Stanley dropped their price target on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Macquarie reduced their price target on Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft lowered their target price on Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Wells Fargo & Company cut their price objective on shares of Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Finally, Barclays reduced their price target on 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. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Las Vegas Sands Stock Performance

Las Vegas Sands stock traded up $0.56 during trading hours on Monday, hitting $40.93. 1,619,219 shares of the stock traded hands, compared to its average volume of 5,500,866. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 year high of $55.73. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.29. The stock has a market capitalization of $30.49 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 1.04 and a beta of 1.12. The firm’s 50 day moving average price is $41.69 and its 200-day moving average price is $46.82.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the prior year, the company posted $0.46 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts expect that Las Vegas Sands Corp. will post 2.48 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors 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 annualized dividend and a dividend yield of 1.95%. Las Vegas Sands’s dividend payout ratio is presently 38.65%.

Las Vegas Sands Company 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.