Fifth Third Bancorp Has $1.60 Million Stock Holdings in Las Vegas Sands Corp. (NYSE:LVS)
Fifth Third Bancorp trimmed its holdings in Las Vegas Sands Corp. (NYSE:LVS – Free Report) by 2.0% during the fourth quarter, Holdings Channel reports. The firm owned 32,407 shares of the casino operator’s stock after selling 657 shares during the quarter. Fifth Third Bancorp’s holdings in Las Vegas Sands were worth $1,595,000 at the end […] Fifth Third Bancorp has reduced its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 2.0% during the fourth quarter. The firm owned 32,407 shares of the casino operator’s stock after selling 657 shares during the same period. Fifth Third Bank's holdings were worth $1,595,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also made changes to their positions in the company. Las Vegas Vegas Sands (LVS), together with its subsidiaries, operates resorts in Macao, Singapore, The Paris Macao and the Macao Strip Strip. The company also recently disclosed a quarterly dividend of $0.20 per share.
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Fifth Third Bancorp trimmed its holdings in Las Vegas Sands Corp. (NYSE:LVS – Free Report) by 2.0% during the fourth quarter, Holdings Channel reports. The firm owned 32,407 shares of the casino operator’s stock after selling 657 shares during the quarter. Fifth Third Bancorp’s holdings in Las Vegas Sands were worth $1,595,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Coppell Advisory Solutions LLC acquired a new position in shares of Las Vegas Sands in the 2nd quarter valued at about $29,000. Headlands Technologies LLC acquired a new position in shares of Las Vegas Sands in the 3rd quarter valued at about $27,000. Western Pacific Wealth Management LP acquired a new position in shares of Las Vegas Sands in the 3rd quarter valued at about $29,000. Retirement Group LLC acquired a new position in shares of Las Vegas Sands in the 4th quarter valued at about $31,000. Finally, CNB Bank acquired a new position in Las Vegas Sands during the 3rd quarter worth approximately $32,000. 39.16% of the stock is owned by institutional investors and hedge funds.
In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the sale, the chief executive officer now owns 172,801 shares in the company, valued at $8,996,020.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is owned by corporate insiders.
Las Vegas Sands (NYSE:LVS – Get Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The casino operator reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.04). The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.89 billion. Las Vegas Sands had a net margin of 11.77% and a return on equity of 34.40%. Las Vegas Sands’s quarterly revenue was up 161.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.19) EPS. On average, research analysts expect that Las Vegas Sands Corp. will post 2.74 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Tuesday, February 6th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.48%. The ex-dividend date was Monday, February 5th. Las Vegas Sands’s dividend payout ratio is 50.00%.
A number of research firms recently weighed in on LVS. Mizuho began coverage on Las Vegas Sands in a research note on Tuesday, March 26th. They set a “buy” rating and a $70.00 price target on the stock. StockNews.com lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley boosted their price objective on Las Vegas Sands from $59.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Finally, Susquehanna started coverage on Las Vegas Sands in a report on Friday, December 15th. They set a “positive” rating and a $59.00 price objective for the company. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.90.
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.
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विषय: Markets