Allstate Corp bought a new stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,948 shares of the casino operator's stock, valued at approximately $562,000.
Other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its position in Las Vegas Sands by 32.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,948 shares of the casino operator's stock valued at $1,707,000 after acquiring an additional 8,032 shares in the last quarter. ARGA Investment Management LP increased its holdings in shares of Las Vegas Sands by 32.0% in 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. Fisher Asset Management LLC increased its holdings in shares of 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 valued at $709,300,000 after purchasing an additional 160,711 shares in the last quarter. World Equity Group Inc. raised its position in Las Vegas Sands by 82.9% in the 4th quarter. World Equity Group Inc. now owns 25,602 shares of the casino operator's stock worth $1,315,000 after purchasing an additional 11,602 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Las Vegas Sands by 19.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 50,087 shares of the casino operator's stock worth $2,572,000 after buying an additional 8,326 shares in the last quarter. 39.16% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research firms have recently commented on LVS. Jefferies Financial Group raised Las Vegas Sands from a "hold" rating to a "buy" rating and lifted their target price for the company from $60.00 to $69.00 in a research note on Friday, January 3rd. Wells Fargo & Company dropped their price objective on Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Morgan Stanley dropped their price target on shares of Las Vegas Sands from $51.00 to $49.00 and set an "equal weight" rating for the company in a research note on Monday, February 24th. Finally, Citigroup raised their price objective on shares of Las Vegas Sands from $64.50 to $67.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $59.42.
Check Out Our Latest Report on LVS
Las Vegas Sands Trading Down 8.3 %
Shares of LVS stock traded down $3.03 on Friday, hitting $33.38. The stock had a trading volume of 11,363,884 shares, compared to its average volume of 5,957,860. The firm has a market cap of $23.90 billion, a P/E ratio of 16.94, a PEG ratio of 1.41 and a beta of 0.99. Las Vegas Sands Corp. has a twelve month low of $32.74 and a twelve month high of $56.61. 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 company has a fifty day moving average price of $42.88 and a two-hundred day moving average price of $47.71.
Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. As a group, analysts forecast that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.
Las Vegas Sands Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share. This is an increase from Las Vegas Sands's previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend was Monday, February 10th. Las Vegas Sands's dividend payout ratio (DPR) is 50.76%.
Las Vegas Sands Profile
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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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