Natixis acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 109,349 shares of the casino operator's stock, valued at approximately $5,616,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in Las Vegas Sands during the 3rd quarter worth about $26,000. Bank of Jackson Hole Trust bought a new stake in shares of Las Vegas Sands during the fourth quarter valued at approximately $26,000. UMB Bank n.a. increased its holdings in shares of Las Vegas Sands by 73.5% in the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator's stock valued at $30,000 after purchasing an additional 247 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Las Vegas Sands in the fourth quarter valued at approximately $36,000. Finally, Smartleaf Asset Management LLC raised its position in Las Vegas Sands by 63.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 885 shares of the casino operator's stock worth $45,000 after purchasing an additional 342 shares during the last quarter. Institutional investors own 39.16% of the company's stock.
Las Vegas Sands Stock Down 2.0 %
Shares of NYSE LVS traded down $0.74 during mid-day trading on Friday, hitting $35.87. The company had a trading volume of 6,977,093 shares, compared to its average volume of 6,054,739. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. The firm has a 50-day simple moving average of $39.43 and a two-hundred day simple moving average of $46.01. The company has a market capitalization of $25.35 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 1.41 and a beta of 0.99. Las Vegas Sands Corp. has a one year low of $30.18 and a one year high of $56.61.
Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The casino operator reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.95 billion. Las Vegas Sands had a net margin of 12.80% and a return on equity of 45.82%. During the same period in the previous year, the company posted $0.78 EPS. On average, equities analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current year.
Las Vegas Sands announced that its board has initiated a share buyback plan on Wednesday, April 23rd that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the casino operator to repurchase up to 8.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.
Las Vegas Sands Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Tuesday, May 6th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Tuesday, May 6th. Las Vegas Sands's dividend payout ratio (DPR) is presently 55.56%.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Mizuho set a $47.00 price objective on Las Vegas Sands in a report on Thursday. Stifel Nicolaus set a $57.00 price objective on Las Vegas Sands and gave the company a "buy" rating in a report on Thursday. Wells Fargo & Company reduced their target price on Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. JPMorgan Chase & Co. reduced their price objective on shares of Las Vegas Sands from $62.00 to $61.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Las Vegas Sands has a consensus rating of "Moderate Buy" and an average target price of $56.75.
Check Out Our Latest Stock Analysis on LVS
Las Vegas Sands Company 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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