DekaBank Deutsche Girozentrale Acquires 2,167 Shares of Las Vegas Sands Corp. (NYSE:LVS)

DekaBank Deutsche Girozentrale grew its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 1.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 223,953 shares of the casino operator’s stock after acquiring an additional 2,167 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Las Vegas Sands were worth $9,839,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Bank & Trust Co acquired a new stake in shares of Las Vegas Sands during the second quarter worth $29,000. Accent Capital Management LLC acquired a new stake in shares of Las Vegas Sands during the fourth quarter worth $39,000. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Las Vegas Sands by 93.2% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock worth $40,000 after buying an additional 437 shares during the period. Fidelis Capital Partners LLC acquired a new stake in shares of Las Vegas Sands during the first quarter worth $43,000. Finally, Parallel Advisors LLC increased its position in shares of Las Vegas Sands by 54.8% during the fourth quarter. Parallel Advisors LLC now owns 1,008 shares of the casino operator’s stock worth $50,000 after buying an additional 357 shares during the period. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Up 0.6 %

Shares of NYSE LVS opened at $40.26 on Tuesday. The stock has a market capitalization of $30.00 billion, a P/E ratio of 19.45, a P/E/G ratio of 1.12 and a beta of 1.11. The company has a 50-day moving average price of $40.06 and a 200-day moving average price of $44.81. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 year high of $55.65. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.57.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the previous year, the business earned $0.46 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts forecast that Las Vegas Sands Corp. will post 2.46 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Tuesday, August 6th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Tuesday, August 6th. Las Vegas Sands’s payout ratio is currently 38.65%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on LVS shares. StockNews.com cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Jefferies Financial Group reduced their price target on shares of Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of 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 reduced their price target on shares of Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Finally, Argus cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.25.

About Las Vegas Sands

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.