San Francisco Sentry Investment Group CA raised its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 16.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 6,972 shares of the casino operator’s stock after acquiring an additional 965 shares during the quarter. San Francisco Sentry Investment Group CA’s holdings in Las Vegas Sands were worth $532,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of LVS. Centaurus Financial Inc. purchased a new position in Las Vegas Sands in the 1st quarter valued at approximately $117,000. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Las Vegas Sands in the 1st quarter valued at $118,000. Synovus Financial Corp acquired a new stake in shares of Las Vegas Sands in the 1st quarter valued at $152,000. Parallel Advisors LLC raised its holdings in shares of Las Vegas Sands by 297.0% in the 1st quarter. Parallel Advisors LLC now owns 2,354 shares of the casino operator’s stock valued at $169,000 after purchasing an additional 1,761 shares in the last quarter. Finally, Summit Trail Advisors LLC raised its holdings in shares of Las Vegas Sands by 6,587.3% in the 1st quarter. Summit Trail Advisors LLC now owns 196,072 shares of the casino operator’s stock valued at $196,000 after purchasing an additional 193,140 shares in the last quarter. 37.69% of the stock is owned by institutional investors.
In related news, COO Robert G. Goldstein purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 31st. The shares were purchased at an average cost of $71.13 per share, for a total transaction of $711,300.00. Following the purchase, the chief operating officer now directly owns 10,000 shares of the company’s stock, valued at $711,300. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.20% of the stock is owned by company insiders.
Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, July 25th. The casino operator reported $0.74 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.06). Las Vegas Sands had a return on equity of 35.22% and a net margin of 28.06%. The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the prior year, the business earned $0.73 earnings per share. Las Vegas Sands’s revenue was up 6.2% compared to the same quarter last year. equities analysts expect that Las Vegas Sands Corp. will post 3.52 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Investors of record on Wednesday, September 19th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, September 18th. This represents a $3.00 annualized dividend and a yield of 4.42%. Las Vegas Sands’s dividend payout ratio is currently 98.68%.
A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus reduced their price objective on shares of Las Vegas Sands from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Thursday, July 26th. JPMorgan Chase & Co. raised their price objective on shares of Las Vegas Sands from $74.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, April 26th. Telsey Advisory Group raised their price objective on shares of Las Vegas Sands from $76.00 to $78.00 and gave the company a “market perform” rating in a report on Thursday, April 26th. Morgan Stanley reduced their price objective on shares of Las Vegas Sands from $86.00 to $85.00 and set an “overweight” rating on the stock in a report on Thursday, July 26th. Finally, Bank of America lowered shares of Las Vegas Sands from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $85.00 to $80.00 in a report on Monday, July 2nd. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $77.42.
About Las Vegas Sands
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.
See Also: What is the Book Value of a Share?
Want to see what other hedge funds are holding LVS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Las Vegas Sands Corp. (NYSE:LVS).
Receive News & Ratings for Las Vegas Sands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands and related companies with MarketBeat.com's FREE daily email newsletter.