Las Vegas Sands (NYSE:LVS) Given “Outperform” Rating at Macquarie

Macquarie restated their outperform rating on shares of Las Vegas Sands (NYSE:LVSFree Report) in a report released on Thursday,Benzinga reports. The brokerage currently has a $70.00 price objective on the casino operator’s stock.

A number of other brokerages have also weighed in on LVS. Wells Fargo & Company boosted their price objective on Las Vegas Sands from $67.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Thursday. Wall Street Zen upgraded shares of Las Vegas Sands from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Susquehanna boosted their price objective on Las Vegas Sands from $62.00 to $63.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Barclays set a $64.00 price objective on shares of Las Vegas Sands in a research note on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Las Vegas Sands in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.52.

Check Out Our Latest Stock Analysis on LVS

Las Vegas Sands Stock Down 14.0%

NYSE LVS opened at $52.71 on Thursday. The company has a debt-to-equity ratio of 7.42, a current ratio of 0.89 and a quick ratio of 0.88. Las Vegas Sands has a fifty-two week low of $30.18 and a fifty-two week high of $70.45. The stock has a market capitalization of $35.64 billion, a PE ratio of 22.52, a PEG ratio of 1.46 and a beta of 0.97. The business has a fifty day moving average price of $64.09 and a two-hundred day moving average price of $58.04.

Las Vegas Sands (NYSE:LVSGet Free Report) last released its quarterly earnings data on Wednesday, January 28th. The casino operator reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.08. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.33 billion. Las Vegas Sands had a return on equity of 87.01% and a net margin of 12.50%.Las Vegas Sands’s revenue was up 26.0% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. Equities analysts expect that Las Vegas Sands will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Monday, February 9th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.3%. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, February 9th. Las Vegas Sands’s dividend payout ratio is 45.25%.

Insiders Place Their Bets

In related news, CEO Robert G. Goldstein sold 1,198,650 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $66.68, for a total value of $79,925,982.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Miriam Adelson sold 77,991 shares of Las Vegas Sands stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $67.56, for a total transaction of $5,269,071.96. Following the completion of the sale, the insider directly owned 23,333,441 shares in the company, valued at approximately $1,576,407,273.96. This represents a 0.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 3,582,053 shares of company stock valued at $238,846,399. 1.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Las Vegas Sands

Several large investors have recently modified their holdings of LVS. Arrowstreet Capital Limited Partnership grew its position in shares of Las Vegas Sands by 410.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 5,167,553 shares of the casino operator’s stock valued at $277,963,000 after purchasing an additional 4,154,753 shares in the last quarter. Norges Bank purchased a new stake in Las Vegas Sands in the second quarter valued at approximately $134,179,000. M&T Bank Corp raised its position in shares of Las Vegas Sands by 33,102.6% during the 4th quarter. M&T Bank Corp now owns 3,060,288 shares of the casino operator’s stock valued at $197,463,000 after buying an additional 3,051,071 shares in the last quarter. ARGA Investment Management LP raised its position in Las Vegas Sands by 36.8% during the second quarter. ARGA Investment Management LP now owns 10,040,975 shares of the casino operator’s stock valued at $436,883,000 after purchasing an additional 2,698,398 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Las Vegas Sands by 4.4% during the 2nd quarter. Vanguard Group Inc. now owns 43,072,014 shares of the casino operator’s stock valued at $1,874,063,000 after buying an additional 1,822,806 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

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About Las Vegas Sands

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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.

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