State of Wyoming Makes New $835,000 Investment in Las Vegas Sands Corp. $LVS

State of Wyoming acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 12,828 shares of the casino operator’s stock, valued at approximately $835,000.

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. increased its stake 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 buying an additional 166 shares in the last quarter. Smartleaf Asset Management LLC increased its stake 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 buying an additional 533 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in Las Vegas Sands by 182.4% during the 3rd quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock worth $36,000 after buying an additional 434 shares in the last quarter. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Patrick Dumont sold 60,165 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total value of $3,294,033.75. Following the transaction, the chief executive officer directly owned 511,942 shares in the company, valued at approximately $28,028,824.50. This represents a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

LVS has been the subject of several research reports. HSBC boosted their price objective on Las Vegas Sands from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Stifel Nicolaus upped their price target on Las Vegas Sands from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Jefferies Financial Group upped their price target on Las Vegas Sands from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Thursday, April 23rd. Wall Street Zen lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Finally, Seaport Research Partners dropped their price target on Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $67.91.

Las Vegas Sands Price Performance

LVS stock opened at $50.77 on Friday. The company has a debt-to-equity ratio of 8.64, a current ratio of 0.92 and a quick ratio of 0.91. The business has a 50 day simple moving average of $52.94 and a 200-day simple moving average of $57.92. The firm has a market capitalization of $33.64 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 1.15 and a beta of 0.81. Las Vegas Sands Corp. has a 1 year low of $40.03 and a 1 year high of $70.45.

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

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were issued a $0.30 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $1.20 dividend on an annualized basis and a yield of 2.4%. Las Vegas Sands’s dividend payout ratio is currently 44.44%.

Las Vegas Sands Profile

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.