Oppenheimer & Co. Inc. Has $334,000 Position in Las Vegas Sands Corp. (NYSE:LVS)

Oppenheimer & Co. Inc. increased its position in Las Vegas Sands Corp. (NYSE:LVS) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,505 shares of the casino operator’s stock after buying an additional 231 shares during the period. Oppenheimer & Co. Inc.’s holdings in Las Vegas Sands were worth $334,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust acquired a new position in Las Vegas Sands in the fourth quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new stake in Las Vegas Sands during the third quarter worth approximately $26,000. UMB Bank n.a. boosted its position in Las Vegas Sands by 73.5% during the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock worth $30,000 after purchasing an additional 247 shares during the period. Ashton Thomas Securities LLC bought a new stake in Las Vegas Sands during the third quarter worth approximately $34,000. Finally, Capital Performance Advisors LLP bought a new stake in Las Vegas Sands during the third quarter worth approximately $43,000. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

Shares of NYSE LVS opened at $44.99 on Friday. The business has a fifty day simple moving average of $45.34 and a 200 day simple moving average of $47.44. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. The firm has a market capitalization of $32.21 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 1.41 and a beta of 1.07. Las Vegas Sands Corp. has a one year low of $36.62 and a one year high of $56.61.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a net margin of 12.80% and a return on equity of 45.82%. Sell-side analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.22%. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, February 10th. Las Vegas Sands’s dividend payout ratio is presently 50.76%.

Analyst Ratings Changes

LVS has been the subject of a number of recent analyst reports. Morgan Stanley decreased their target price on Las Vegas Sands from $51.00 to $49.00 and set an “equal weight” rating for the company in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft decreased their target price on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Wells Fargo & Company decreased their target price on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. JPMorgan Chase & Co. decreased their target price on Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Finally, Jefferies Financial Group raised Las Vegas Sands from a “hold” rating to a “buy” rating and increased their price objective for the company from $60.00 to $69.00 in a research report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Las Vegas Sands presently has an average rating of “Moderate Buy” and an average price target of $59.42.

Las Vegas Sands Company 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.