Optimize Financial Inc purchased a new stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 13,278 shares of the casino operator's stock, valued at approximately $682,000.
Other large investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Las Vegas Sands during the third quarter worth approximately $26,000. Bank of Jackson Hole Trust bought a new position in Las Vegas Sands during the fourth quarter worth $26,000. UMB Bank n.a. raised its stake in Las Vegas Sands by 73.5% during the 4th 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 during the last quarter. Brown Brothers Harriman & Co. acquired a new position in Las Vegas Sands during the 4th quarter valued at $36,000. Finally, Smartleaf Asset Management LLC boosted its holdings 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 valued at $45,000 after purchasing an additional 342 shares during the period. Institutional investors and hedge funds own 39.16% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on LVS. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Jefferies Financial Group raised Las Vegas Sands from a "hold" rating to a "buy" rating and upped their price target for the company from $60.00 to $69.00 in a report on Friday, January 3rd. Citigroup lifted their price objective on Las Vegas Sands from $64.50 to $67.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. JPMorgan Chase & Co. cut their target price on Las Vegas Sands from $62.00 to $61.00 and set an "overweight" rating for the company in a research note on Wednesday, January 29th. Finally, Morgan Stanley decreased their price target on shares of Las Vegas Sands from $51.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $59.42.
View Our Latest Stock Analysis on LVS
Las Vegas Sands Price Performance
Shares of Las Vegas Sands stock traded up $0.59 during mid-day trading on Tuesday, reaching $32.71. 6,216,176 shares of the stock were exchanged, compared to its average volume of 6,104,146. Las Vegas Sands Corp. has a fifty-two week low of $30.18 and a fifty-two week high of $56.61. The company has a market cap of $23.11 billion, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 1.41 and a beta of 0.99. The firm has a 50-day simple moving average of $40.67 and a 200 day simple moving average of $46.87. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35.
Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 earnings per share 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%. On average, sell-side analysts predict that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.
Las Vegas Sands Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were given a $0.25 dividend. This is an increase from Las Vegas Sands's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 3.06%. Las Vegas Sands's payout ratio is presently 50.76%.
About Las Vegas Sands
(
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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