Allianz Asset Management GmbH lowered its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 32.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 315,610 shares of the casino operator’s stock after selling 152,827 shares during the quarter. Allianz Asset Management GmbH’s holdings in Las Vegas Sands were worth $18,725,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Las Vegas Sands by 12.5% in the 3rd quarter. BlackRock Inc. now owns 22,333,184 shares of the casino operator’s stock valued at $1,325,029,000 after buying an additional 2,476,837 shares during the last quarter. Marathon Asset Management LLP acquired a new stake in shares of Las Vegas Sands in the 3rd quarter valued at approximately $404,981,000. Janus Henderson Group PLC boosted its holdings in shares of Las Vegas Sands by 20.9% in the 3rd quarter. Janus Henderson Group PLC now owns 3,670,604 shares of the casino operator’s stock valued at $217,785,000 after buying an additional 634,005 shares during the last quarter. Schroder Investment Management Group boosted its holdings in shares of Las Vegas Sands by 16.3% in the 3rd quarter. Schroder Investment Management Group now owns 3,643,784 shares of the casino operator’s stock valued at $216,185,000 after buying an additional 511,748 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Las Vegas Sands by 8.2% in the 3rd quarter. American Century Companies Inc. now owns 3,117,041 shares of the casino operator’s stock valued at $184,934,000 after buying an additional 237,266 shares during the last quarter. 37.08% of the stock is owned by hedge funds and other institutional investors.
LVS opened at $53.34 on Friday. Las Vegas Sands Corp. has a 1-year low of $48.64 and a 1-year high of $81.45. The company has a current ratio of 1.93, a quick ratio of 1.92 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $43.54 billion, a P/E ratio of 17.55 and a beta of 1.61.
Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, October 24th. The casino operator reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04). Las Vegas Sands had a net margin of 27.71% and a return on equity of 34.18%. The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.41 billion. As a group, equities analysts expect that Las Vegas Sands Corp. will post 3.4 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Tuesday, December 18th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date of this dividend is Monday, December 17th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 98.68%.
Several equities research analysts have recently commented on the company. Morgan Stanley reissued a “buy” rating on shares of Las Vegas Sands in a report on Monday, December 3rd. Sanford C. Bernstein began coverage on Las Vegas Sands in a research note on Thursday, November 15th. They issued an “outperform” rating and a $81.45 price target on the stock. Zacks Investment Research upgraded Las Vegas Sands from a “strong sell” rating to a “hold” rating in a research note on Monday, October 29th. Argus dropped their price target on Las Vegas Sands from $89.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Finally, Nomura dropped their price target on Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, October 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $74.03.
Las Vegas Sands Company Profile
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.
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