Resona Asset Management Co. Ltd. bought a new position in Las Vegas Sands Corp. (NYSE:LVS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 105,145 shares of the casino operator's stock, valued at approximately $5,407,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in LVS. Fisher Asset Management LLC raised its holdings in Las Vegas Sands by 1.2% in the fourth quarter. Fisher Asset Management LLC now owns 13,810,351 shares of the casino operator's stock worth $709,300,000 after purchasing an additional 160,711 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Las Vegas Sands by 13.5% during the 4th quarter. Bank of New York Mellon Corp now owns 11,662,548 shares of the casino operator's stock valued at $598,988,000 after acquiring an additional 1,389,963 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Las Vegas Sands by 29.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,382,267 shares of the casino operator's stock worth $481,873,000 after acquiring an additional 2,152,829 shares in the last quarter. Geode Capital Management LLC grew its holdings in Las Vegas Sands by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 8,637,600 shares of the casino operator's stock worth $443,086,000 after purchasing an additional 80,709 shares during the period. Finally, ARGA Investment Management LP increased its stake in shares of Las Vegas Sands by 32.0% during the fourth quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator's stock valued at $333,911,000 after purchasing an additional 1,577,042 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Barclays cut their target price on Las Vegas Sands from $61.00 to $58.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 29th. Wells Fargo & Company lowered their price target on Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Jefferies Financial Group raised shares of Las Vegas Sands from a "hold" rating to a "buy" rating and increased their price objective for the company from $60.00 to $69.00 in a research report on Friday, January 3rd. Finally, Morgan Stanley decreased their target price on shares of Las Vegas Sands from $51.00 to $49.00 and set an "equal weight" rating for the company in a report on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $59.42.
Read Our Latest Analysis on LVS
Las Vegas Sands Stock Performance
Shares of LVS traded up $0.01 during mid-day trading on Monday, hitting $32.10. 870,049 shares of the company traded hands, compared to its average volume of 6,077,070. The stock has a market cap of $22.68 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 1.41 and a beta of 0.99. The stock has a 50-day moving average price of $41.09 and a two-hundred day moving average price of $47.10. Las Vegas Sands Corp. has a 1 year low of $30.18 and a 1 year high of $56.61. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 0.74.
Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a net margin of 12.80% and a return on equity of 45.82%. Equities analysts anticipate that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.
Las Vegas Sands Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.12%. This is a boost from Las Vegas Sands's previous quarterly dividend of $0.20. The ex-dividend date was Monday, February 10th. Las Vegas Sands's dividend payout ratio (DPR) is presently 50.76%.
Las Vegas Sands Profile
(
Free Report)
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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