Fideuram Asset Management Ireland dac Acquires Shares of 24,751 Las Vegas Sands Corp. $LVS

Fideuram Asset Management Ireland dac acquired a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 24,751 shares of the casino operator’s stock, valued at approximately $1,611,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Mackenzie Financial Corp lifted its stake in Las Vegas Sands by 0.3% during the 3rd quarter. Mackenzie Financial Corp now owns 53,945 shares of the casino operator’s stock valued at $2,902,000 after acquiring an additional 156 shares during the period. Westside Investment Management Inc. lifted 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 valued at $28,000 after acquiring an additional 166 shares during the period. Parallel Advisors LLC lifted its stake in Las Vegas Sands by 7.8% during the 3rd quarter. Parallel Advisors LLC now owns 2,449 shares of the casino operator’s stock valued at $132,000 after acquiring an additional 177 shares during the period. Alps Advisors Inc. lifted its stake in Las Vegas Sands by 2.4% during the 3rd quarter. Alps Advisors Inc. now owns 8,528 shares of the casino operator’s stock valued at $459,000 after acquiring an additional 197 shares during the period. Finally, United Capital Financial Advisors LLC lifted its stake in Las Vegas Sands by 5.5% during the 3rd quarter. United Capital Financial Advisors LLC now owns 4,945 shares of the casino operator’s stock valued at $266,000 after acquiring an additional 258 shares during the period. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Las Vegas Sands Stock Performance

LVS opened at $50.46 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 firm has a fifty day moving average price of $53.14 and a 200 day moving average price of $58.39. Las Vegas Sands Corp. has a 1 year low of $40.03 and a 1 year high of $70.45. The stock has a market cap of $33.44 billion, a P/E ratio of 18.69, a P/E/G ratio of 1.16 and a beta of 0.85.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share (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 firm 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 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 year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Tuesday, May 5th were given a dividend of $0.30 per share. 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%.

Analysts Set New Price Targets

Several brokerages have commented on LVS. Argus decreased their price objective on shares of Las Vegas Sands from $80.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Seaport Research Partners decreased their price objective on shares of Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. HSBC lifted their price objective on shares of Las Vegas Sands from $73.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Mizuho boosted their target price on shares of Las Vegas Sands from $65.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Finally, Morgan Stanley boosted their target price on shares of Las Vegas Sands from $67.00 to $69.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $68.28.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Patrick Dumont sold 60,165 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $54.75, for a total transaction 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 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 hyperlink. Corporate insiders own 0.55% of the company’s stock.

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.