15,000 Shares in Las Vegas Sands Corp. $LVS Purchased by Cumberland Partners Ltd

Cumberland Partners Ltd purchased a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 15,000 shares of the casino operator’s stock, valued at approximately $808,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its position in shares of Las Vegas Sands by 0.3% during the third quarter. Mackenzie Financial Corp now owns 53,945 shares of the casino operator’s stock valued at $2,902,000 after buying an additional 156 shares during the period. Parallel Advisors LLC raised its holdings in shares of Las Vegas Sands by 7.8% in the third quarter. Parallel Advisors LLC now owns 2,449 shares of the casino operator’s stock worth $132,000 after buying an additional 177 shares during the period. &PARTNERS lifted its stake in shares of Las Vegas Sands by 3.2% during the 4th quarter. &PARTNERS now owns 6,930 shares of the casino operator’s stock worth $453,000 after acquiring an additional 214 shares during the last quarter. United Capital Financial Advisors LLC lifted its stake in shares of Las Vegas Sands by 5.5% during the 3rd quarter. United Capital Financial Advisors LLC now owns 4,945 shares of the casino operator’s stock worth $266,000 after acquiring an additional 258 shares during the last quarter. Finally, Kestra Private Wealth Services LLC boosted its holdings in Las Vegas Sands by 4.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 6,859 shares of the casino operator’s stock valued at $446,000 after acquiring an additional 279 shares during the period. 39.16% of the stock is owned by hedge funds and other institutional investors.

More Las Vegas Sands News

Here are the key news stories impacting Las Vegas Sands this week:

• Positive Sentiment: Investors are still looking beyond near-term weakness because Las Vegas Sands is investing heavily in premium travel demand, including Macau property upgrades and an $8 billion Singapore expansion that could support future growth. Article Title
• Positive Sentiment: Despite the selloff after earnings, some market coverage says LVS is gaining as investors focus on the company’s long-term assets and ignore temporary headwinds. Article Title

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LVS shares. UBS Group set a $52.00 price objective on Las Vegas Sands in a research report on Thursday, July 2nd. Morgan Stanley set a $68.00 target price on Las Vegas Sands in a research report on Wednesday. The Goldman Sachs Group cut their price target on shares of Las Vegas Sands from $63.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday. Mizuho reduced their price target on shares of Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Stifel Nicolaus reduced their price target on shares of Las Vegas Sands from $74.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday. Eleven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.31.

Las Vegas Sands Stock Up 0.2%

Shares of NYSE:LVS opened at $46.12 on Friday. The business’s 50 day moving average is $48.24 and its 200 day moving average is $53.22. The stock has a market cap of $30.56 billion, a P/E ratio of 17.95, a price-to-earnings-growth ratio of 1.15 and a beta of 0.83. Las Vegas Sands Corp. has a 52-week low of $44.21 and a 52-week high of $70.45. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 8.64.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.31 billion. Las Vegas Sands had a net margin of 12.59% and a return on equity of 117.08%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the firm earned $0.66 earnings per share. Sell-side analysts predict that Las Vegas Sands Corp. will post 3.21 EPS for the current year.

Las Vegas Sands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 4th. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 46.69%.

Las Vegas Sands Company Profile

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.