Todays Report: Today, M&T Bank Corp Reached $5,686,000 position of Las Vegas Sands Corp. (LVS)

Today, M&T Bank Corp Reached $5,686,000 position  of Las Vegas Sands Corp. (LVS)

M&T Bank Corp lowered its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 6.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 98,798 shares of the casino operator’s stock after selling 6,999 shares during the period. M&T Bank Corp’s holdings in Las Vegas Sands Corp. were worth $5,686,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Point View Wealth Management Inc. boosted its position in shares of Las Vegas Sands Corp. by 9.6% in the third quarter. Point View Wealth Management Inc. now owns 10,156 shares of the casino operator’s stock valued at $584,000 after buying an additional 893 shares during the last quarter. AMG National Trust Bank boosted its position in Las Vegas Sands Corp. by 14.6% in the third quarter. AMG National Trust Bank now owns 62,016 shares of the casino operator’s stock valued at $3,568,000 after buying an additional 7,880 shares in the last quarter. CIBC World Markets Inc. boosted its position in Las Vegas Sands Corp. by 10.5% in the third quarter. CIBC World Markets Inc. now owns 18,482 shares of the casino operator’s stock valued at $1,063,000 after buying an additional 1,760 shares in the last quarter. Advisors Capital Management LLC boosted its position in Las Vegas Sands Corp. by 3.9% in the third quarter. Advisors Capital Management LLC now owns 222,258 shares of the casino operator’s stock valued at $12,789,000 after buying an additional 8,252 shares in the last quarter. Finally, Toronto Dominion Bank boosted its position in Las Vegas Sands Corp. by 6.1% in the third quarter. Toronto Dominion Bank now owns 23,771 shares of the casino operator’s stock valued at $1,370,000 after buying an additional 1,368 shares in the last quarter. 38.96% of the stock is currently owned by institutional investors.

Las Vegas Sands Corp. (NYSE:LVS) traded up 0.67% during mid-day trading on Friday, hitting $62.84. The company had a trading volume of 1,256,396 shares. The firm’s 50 day moving average is $58.65 and its 200 day moving average is $51.85. Las Vegas Sands Corp. has a 52 week low of $34.88 and a 52 week high of $62.95. The company has a market capitalization of $49.94 billion, a price-to-earnings ratio of 30.68 and a beta of 1.98.

Las Vegas Sands Corp. (NYSE:LVS) last posted its earnings results on Thursday, November 3rd. The casino operator reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.12. The business earned $2.97 billion during the quarter, compared to analyst estimates of $2.80 billion. Las Vegas Sands Corp. had a return on equity of 23.24% and a net margin of 14.53%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 EPS. On average, equities research analysts predict that Las Vegas Sands Corp. will post $2.35 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Wednesday, December 21st will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date is Monday, December 19th. Las Vegas Sands Corp.’s payout ratio is 140.49%.

Several research analysts have weighed in on the company. Deutsche Bank AG reissued a “hold” rating on shares of Las Vegas Sands Corp. in a research report on Friday, September 16th. Buckingham Research assumed coverage on Las Vegas Sands Corp. in a research report on Thursday, August 11th. They issued a “neutral” rating and a $55.00 price objective on the stock. Telsey Advisory Group boosted their price objective on Las Vegas Sands Corp. from $50.00 to $60.00 and gave the stock a “market perform” rating in a research report on Friday, November 4th. Argus raised Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $56.54 to $67.00 in a research report on Wednesday, September 14th. Finally, Zacks Investment Research raised Las Vegas Sands Corp. from a “hold” rating to a “strong-buy” rating and set a $68.00 price objective on the stock in a research report on Tuesday, November 8th. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $57.50.

About Las Vegas Sands Corp.

Related posts

Leave a Comment