Osborne Partners Capital Management LLC Sells 62,843 Shares of Las Vegas Sands Corp. $LVS

Osborne Partners Capital Management LLC trimmed its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 26.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 170,370 shares of the casino operator’s stock after selling 62,843 shares during the quarter. Osborne Partners Capital Management LLC’s holdings in Las Vegas Sands were worth $9,180,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Wealthfront Advisers LLC increased its stake in Las Vegas Sands by 40.6% in the 4th quarter. Wealthfront Advisers LLC now owns 67,446 shares of the casino operator’s stock worth $4,390,000 after buying an additional 19,488 shares during the period. Crossmark Global Holdings Inc. boosted its position in Las Vegas Sands by 411.5% in the 4th quarter. Crossmark Global Holdings Inc. now owns 44,208 shares of the casino operator’s stock valued at $2,877,000 after buying an additional 35,566 shares during the period. Swiss Life Asset Management Ltd grew its stake in Las Vegas Sands by 116.2% in the 4th quarter. Swiss Life Asset Management Ltd now owns 148,196 shares of the casino operator’s stock worth $9,646,000 after acquiring an additional 79,641 shares in the last quarter. Perpetual Ltd bought a new position in Las Vegas Sands in the 4th quarter worth about $2,051,000. Finally, SG Americas Securities LLC increased its position in shares of Las Vegas Sands by 2,655.3% during the fourth quarter. SG Americas Securities LLC now owns 878,022 shares of the casino operator’s stock worth $57,150,000 after acquiring an additional 846,155 shares during the period. 39.16% of the stock is owned by institutional investors.

Las Vegas Sands Trading Up 0.1%

Shares of NYSE LVS opened at $47.06 on Friday. Las Vegas Sands Corp. has a 1-year low of $45.62 and a 1-year high of $70.45. The business has a fifty day moving average price of $50.32 and a 200 day moving average price of $55.35. The stock has a market capitalization of $31.18 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 1.06 and a beta of 0.83. The company has a debt-to-equity ratio of 8.64, a current ratio of 0.92 and a quick ratio of 0.91.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.15. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.32 billion. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The firm’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 earnings per share. Equities research analysts expect that Las Vegas Sands Corp. will post 3.38 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Stockholders of record on Tuesday, May 5th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.5%. Las Vegas Sands’s payout ratio is presently 44.44%.

Analyst Ratings Changes

LVS has been the subject of several research analyst reports. Mizuho lifted their price target on shares of Las Vegas Sands from $65.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. HSBC raised their price objective on Las Vegas Sands from $73.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Wall Street Zen upgraded Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. dropped their price target on Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Finally, Wells Fargo & Company decreased their price objective on Las Vegas Sands from $68.00 to $65.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.28.

About Las Vegas Sands

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.