Las Vegas Sands Corp. (NYSE:LVS) Shares Purchased by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 0.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,500,248 shares of the casino operator’s stock after purchasing an additional 68,568 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 1.14% of Las Vegas Sands worth $376,136,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Las Vegas Sands by 0.6% during the first quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator’s stock worth $1,918,472,000 after acquiring an additional 209,589 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Las Vegas Sands by 1.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,170,552 shares of the casino operator’s stock worth $1,663,219,000 after purchasing an additional 531,799 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Las Vegas Sands by 15.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock worth $502,307,000 after purchasing an additional 1,536,754 shares during the last quarter. Fisher Asset Management LLC boosted its position in Las Vegas Sands by 6.3% during the 4th quarter. Fisher Asset Management LLC now owns 11,263,604 shares of the casino operator’s stock valued at $554,282,000 after purchasing an additional 669,052 shares during the period. Finally, Wellington Management Group LLP grew its stake in Las Vegas Sands by 13.4% during the 4th quarter. Wellington Management Group LLP now owns 5,356,682 shares of the casino operator’s stock worth $263,602,000 after buying an additional 633,028 shares during the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on LVS. Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Macquarie dropped their price target on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Wells Fargo & Company reduced their price objective on 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, Susquehanna lowered their target price on Las Vegas Sands from $59.00 to $51.00 and set a “positive” rating on the stock in a research report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.25.

Las Vegas Sands Stock Down 0.3 %

Shares of LVS stock opened at $41.98 on Friday. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.57 and a current ratio of 1.58. The stock has a market cap of $31.28 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.12 and a beta of 1.11. The business’s fifty day moving average is $40.02 and its 200-day moving average is $44.59. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 year high of $55.65.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, July 24th. The casino operator reported $0.55 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the firm posted $0.46 earnings per share. Las Vegas Sands’s revenue was up 8.6% compared to the same quarter last year. Equities analysts expect that Las Vegas Sands Corp. will post 2.46 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Tuesday, August 6th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Tuesday, August 6th. Las Vegas Sands’s 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.