Las Vegas Sands (NYSE:LVS) Sees Large Volume Increase

Las Vegas Sands Corp. (NYSE:LVS) saw unusually-high trading volume on Tuesday . Approximately 2,301,486 shares traded hands during mid-day trading, a decline of 58% from the previous session’s volume of 5,543,096 shares.The stock last traded at $44.63 and had previously closed at $42.13.

Wall Street Analysts Forecast Growth

LVS has been the subject of several recent analyst reports. Morgan Stanley lowered their price target on Las Vegas Sands from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, September 4th. UBS Group cut Las Vegas Sands from a “buy” rating to a “neutral” rating and lowered their price target for the company from $70.00 to $49.00 in a report on Friday, August 23rd. StockNews.com cut Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Barclays lowered their price target on Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Finally, Jefferies Financial Group lowered their price target on Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $55.25.

Las Vegas Sands Stock Up 5.6 %

The firm has a 50-day moving average of $40.02 and a 200 day moving average of $44.48. The stock has a market capitalization of $33.14 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 1.12 and a beta of 1.11. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 3.29.

Las Vegas Sands (NYSE:LVS) last released 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). The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.82 billion. Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $0.46 earnings per share. On average, sell-side analysts anticipate that Las Vegas Sands Corp. will post 2.46 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The business 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 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Tuesday, August 6th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 38.65%.

Hedge Funds Weigh In On Las Vegas Sands

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Corient Private Wealth LLC increased its holdings in Las Vegas Sands by 1.0% during the 4th quarter. Corient Private Wealth LLC now owns 28,532 shares of the casino operator’s stock worth $1,404,000 after purchasing an additional 288 shares during the last quarter. Czech National Bank increased its holdings in Las Vegas Sands by 0.5% during the 1st quarter. Czech National Bank now owns 64,974 shares of the casino operator’s stock worth $3,359,000 after purchasing an additional 319 shares during the last quarter. Western Pacific Wealth Management LP increased its holdings in Las Vegas Sands by 53.5% during the 1st quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator’s stock worth $50,000 after purchasing an additional 338 shares during the last quarter. Parallel Advisors LLC increased its holdings in Las Vegas Sands by 54.8% during the 4th quarter. Parallel Advisors LLC now owns 1,008 shares of the casino operator’s stock worth $50,000 after purchasing an additional 357 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Las Vegas Sands by 0.8% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 53,098 shares of the casino operator’s stock worth $2,350,000 after purchasing an additional 401 shares during the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

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.