Oppenheimer Asset Management Inc. Has $5.01 Million Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Oppenheimer Asset Management Inc. reduced its position in Las Vegas Sands Corp. (NYSE:LVS) by 5.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,899 shares of the casino operator’s stock after selling 5,612 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Las Vegas Sands were worth $5,010,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Las Vegas Sands by 13.1% during the 4th quarter. Vanguard Group Inc. now owns 36,898,186 shares of the casino operator’s stock valued at $1,815,760,000 after acquiring an additional 4,264,043 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Las Vegas Sands by 6.4% during the 4th quarter. Fisher Asset Management LLC now owns 11,275,127 shares of the casino operator’s stock valued at $554,849,000 after acquiring an additional 680,575 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Las Vegas Sands by 6.5% during the 1st quarter. Bank of New York Mellon Corp now owns 9,814,819 shares of the casino operator’s stock valued at $507,426,000 after acquiring an additional 600,002 shares during the last quarter. Norges Bank acquired a new position in shares of Las Vegas Sands during the 4th quarter valued at about $266,538,000. Finally, Wellington Management Group LLP increased its holdings in shares of Las Vegas Sands by 13.4% during the 4th quarter. Wellington Management Group LLP now owns 5,356,682 shares of the casino operator’s stock valued at $263,602,000 after acquiring an additional 633,028 shares during the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Stock Performance

Shares of LVS stock traded up $0.41 during mid-day trading on Friday, reaching $42.73. The stock had a trading volume of 3,591,418 shares, compared to its average volume of 6,733,550. The firm’s 50 day simple moving average is $44.52 and its 200 day simple moving average is $48.54. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 2.96. Las Vegas Sands Corp. has a one year low of $41.17 and a one year high of $61.25. The firm has a market cap of $31.84 billion, a PE ratio of 20.64, a P/E/G ratio of 0.77 and a beta of 1.12.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.13. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the firm posted $0.28 EPS. Las Vegas Sands’s quarterly revenue was up 34.9% compared to the same quarter last year. On average, analysts forecast that Las Vegas Sands Corp. will post 2.68 EPS for the current year.

Las Vegas Sands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.87%. Las Vegas Sands’s payout ratio is presently 38.65%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Macquarie lowered their price objective on Las Vegas Sands from $60.00 to $58.00 and set an “outperform” rating on the stock in a report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft decreased their target price on Las Vegas Sands from $62.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Morgan Stanley decreased their target price on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday. Mizuho decreased their target price on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Finally, Stifel Nicolaus decreased their target price on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.79.

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.