BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $3.16 Million Stake in Las Vegas Sands Corp. (NYSE:LVS)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 58.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,351 shares of the casino operator’s stock after buying an additional 26,373 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Las Vegas Sands were worth $3,157,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Corient Private Wealth LLC lifted its holdings in Las Vegas Sands by 1.0% during the 4th quarter. Corient Private Wealth LLC now owns 28,532 shares of the casino operator’s stock worth $1,404,000 after buying an additional 288 shares during the period. Czech National Bank lifted its stake in shares of Las Vegas Sands by 0.5% in the 1st quarter. Czech National Bank now owns 64,974 shares of the casino operator’s stock valued at $3,359,000 after purchasing an additional 319 shares during the period. Western Pacific Wealth Management LP lifted its stake in shares of Las Vegas Sands by 53.5% in the 1st quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator’s stock valued at $50,000 after purchasing an additional 338 shares during the period. Parallel Advisors LLC lifted its stake in shares of Las Vegas Sands by 54.8% in the 4th quarter. Parallel Advisors LLC now owns 1,008 shares of the casino operator’s stock valued at $50,000 after purchasing an additional 357 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Las Vegas Sands by 0.8% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 53,098 shares of the casino operator’s stock valued at $2,350,000 after purchasing an additional 401 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Price Performance

Shares of NYSE LVS opened at $51.12 on Friday. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $55.65. The stock’s 50 day moving average price is $40.45 and its 200-day moving average price is $44.45. The company has a market capitalization of $38.09 billion, a PE ratio of 24.70, a PEG ratio of 1.20 and a beta of 1.11. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 3.29.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the previous year, the firm earned $0.46 EPS. Las Vegas Sands’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts anticipate that Las Vegas Sands Corp. will post 2.45 EPS for the current year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Tuesday, August 6th were paid a $0.20 dividend. The ex-dividend date was Tuesday, August 6th. This represents a $0.80 annualized dividend and a yield of 1.56%. Las Vegas Sands’s payout ratio is 38.65%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LVS. Stifel Nicolaus dropped their price objective on Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Susquehanna dropped their price objective on Las Vegas Sands from $59.00 to $51.00 and set a “positive” rating on the stock in a research note on Thursday, July 25th. Jefferies Financial Group decreased their target price on Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. Wells Fargo & Company decreased their target price on Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Finally, Morgan Stanley decreased their target price on Las Vegas Sands from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, September 4th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.25.

Las Vegas Sands 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.