Crossmark Global Holdings Inc. Grows Position in Las Vegas Sands Corp. $LVS

Crossmark Global Holdings Inc. boosted its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 411.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,208 shares of the casino operator’s stock after purchasing an additional 35,566 shares during the period. Crossmark Global Holdings Inc.’s holdings in Las Vegas Sands were worth $2,877,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LVS. Grove Bank & Trust purchased a new stake in Las Vegas Sands during the 4th quarter worth approximately $26,000. International Assets Investment Management LLC purchased a new stake in Las Vegas Sands during the 4th quarter worth approximately $26,000. Westside Investment Management Inc. grew its position in Las Vegas Sands by 48.0% during the 3rd quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock worth $28,000 after purchasing an additional 166 shares during the last quarter. Root Financial Partners LLC purchased a new stake in Las Vegas Sands during the 3rd quarter worth approximately $33,000. Finally, Smartleaf Asset Management LLC grew its position in Las Vegas Sands by 549.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 630 shares of the casino operator’s stock worth $35,000 after purchasing an additional 533 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

Shares of NYSE LVS opened at $52.07 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 8.64. Las Vegas Sands Corp. has a 12 month low of $39.29 and a 12 month high of $70.45. The company has a 50 day simple moving average of $54.35 and a two-hundred day simple moving average of $59.28. The stock has a market cap of $34.50 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 1.20 and a beta of 0.85.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, April 22nd. The casino operator reported $0.91 EPS for the quarter, beating the consensus estimate of $0.76 by $0.15. Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. The business had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same period in the previous year, the business posted $0.59 EPS. The business’s quarterly revenue was up 25.3% compared to the same quarter last year. As a group, analysts predict that Las Vegas Sands Corp. will post 3.38 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, May 5th. Las Vegas Sands’s payout ratio is currently 44.44%.

Insider Activity

In related news, CEO Patrick Dumont sold 60,165 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $54.75, for a total value of $3,294,033.75. Following the completion of the transaction, the chief executive officer directly owned 511,942 shares in the company, valued at $28,028,824.50. The trade was a 10.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Mizuho boosted their target price on shares of Las Vegas Sands from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Barclays boosted their target price on shares of Las Vegas Sands from $64.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Seaport Research Partners dropped their target price on shares of Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Jefferies Financial Group lifted their price objective on shares of Las Vegas Sands from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Thursday, April 23rd. Finally, Macquarie Infrastructure restated an “outperform” rating and set a $70.00 price objective on shares of Las Vegas Sands in a research note on Thursday, January 29th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $68.28.

About Las Vegas Sands

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.