Wedmont Private Capital Invests $202,000 in Las Vegas Sands Corp. (NYSE:LVS)

Wedmont Private Capital bought a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,853 shares of the casino operator’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Delos Wealth Advisors LLC acquired a new stake in Las Vegas Sands during the fourth quarter valued at approximately $33,000. Venturi Wealth Management LLC grew its holdings in shares of Las Vegas Sands by 150.4% in the 4th quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock worth $34,000 after acquiring an additional 409 shares during the last quarter. Mizuho Securities Co. Ltd. acquired a new stake in shares of Las Vegas Sands during the fourth quarter worth $39,000. Accent Capital Management LLC purchased a new stake in shares of Las Vegas Sands during the fourth quarter valued at $39,000. Finally, Vestor Capital LLC purchased a new position in Las Vegas Sands in the 4th quarter worth about $42,000. 39.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on LVS. Citigroup raised their target price on shares of Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Stifel Nicolaus reduced their target price on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft lowered their price target on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Barclays lowered their target price on Las Vegas Sands from $59.00 to $57.00 and set an “overweight” rating on the stock in a research note on Friday, June 7th. Finally, Wells Fargo & Company decreased their price target on shares of Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Las Vegas Sands has an average rating of “Moderate Buy” and an average target price of $63.31.

Las Vegas Sands Stock Performance

Shares of NYSE LVS opened at $45.91 on Monday. The business’s 50-day simple moving average is $45.66 and its 200-day simple moving average is $49.09. Las Vegas Sands Corp. has a 52 week low of $42.99 and a 52 week high of $61.25. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.29 and a current ratio of 1.30. The firm has a market cap of $34.21 billion, a price-to-earnings ratio of 22.18, a P/E/G ratio of 0.81 and a beta of 1.13.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.13. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.94 billion. Las Vegas Sands had a net margin of 13.99% and a return on equity of 42.34%. The company’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 earnings per share. As a group, equities research analysts expect that Las Vegas Sands Corp. will post 2.63 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Monday, May 6th. Las Vegas Sands’s dividend payout ratio is 38.65%.

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.