US Bancorp DE Has $10.30 Million Stock Holdings in Las Vegas Sands Corp. $LVS

US Bancorp DE grew its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 9.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 158,217 shares of the casino operator’s stock after purchasing an additional 13,408 shares during the quarter. US Bancorp DE’s holdings in Las Vegas Sands were worth $10,298,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Pekin Hardy Strauss Inc. lifted its stake in shares of Las Vegas Sands by 5.2% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 34,045 shares of the casino operator’s stock worth $2,216,000 after acquiring an additional 1,676 shares during the period. Wealthfront Advisers LLC lifted its stake in shares of Las Vegas Sands by 40.6% in the fourth quarter. Wealthfront Advisers LLC now owns 67,446 shares of the casino operator’s stock worth $4,390,000 after acquiring an additional 19,488 shares during the period. M&T Bank Corp lifted its stake in shares of Las Vegas Sands by 43.0% in the fourth quarter. M&T Bank Corp now owns 13,178 shares of the casino operator’s stock worth $858,000 after acquiring an additional 3,961 shares during the period. Comerica Bank lifted its stake in shares of Las Vegas Sands by 63.0% in the fourth quarter. Comerica Bank now owns 68,672 shares of the casino operator’s stock worth $4,470,000 after acquiring an additional 26,550 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in shares of Las Vegas Sands by 82.1% in the fourth quarter. D.A. Davidson & CO. now owns 11,424 shares of the casino operator’s stock worth $744,000 after acquiring an additional 5,151 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LVS. Argus cut their price objective on Las Vegas Sands from $80.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Jefferies Financial Group lifted their target price on Las Vegas Sands from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Thursday, April 23rd. Stifel Nicolaus lifted their target price on Las Vegas Sands from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. lowered their target price on Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. Finally, Seaport Research Partners lowered their target price on Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.28.

Las Vegas Sands Trading Down 1.4%

Shares of Las Vegas Sands stock opened at $53.85 on Friday. The stock has a fifty day simple moving average of $54.66 and a 200 day simple moving average of $59.08. Las Vegas Sands Corp. has a 12-month low of $37.24 and a 12-month high of $70.45. The company has a market capitalization of $35.68 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 1.23 and a beta of 0.85. The company has a current ratio of 0.92, a quick ratio of 1.13 and a debt-to-equity ratio of 8.64.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.15. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The business had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the prior year, the company posted $0.59 earnings per share. Las Vegas Sands’s revenue was up 25.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Las Vegas Sands Corp. will post 3.35 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, May 5th. This represents a $1.20 dividend on an annualized basis and a yield of 2.2%. Las Vegas Sands’s dividend payout ratio is 44.44%.

Insider Transactions at Las Vegas Sands

In related news, CEO Patrick Dumont sold 60,165 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total transaction of $3,294,033.75. Following the sale, the chief executive officer owned 511,942 shares of the company’s stock, valued at approximately $28,028,824.50. This represents a 10.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.55% of the company’s stock.

About Las Vegas Sands

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.