Madison Investment Advisors LLC purchased a new position in Las Vegas Sands Corp. (NYSE:LVS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 392,600 shares of the casino operator's stock, valued at approximately $20,164,000. Madison Investment Advisors LLC owned 0.05% of Las Vegas Sands at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Achmea Investment Management B.V. bought a new stake in Las Vegas Sands during the 4th quarter valued at about $1,039,000. Sequoia Financial Advisors LLC raised its position in Las Vegas Sands by 40.8% during the fourth quarter. Sequoia Financial Advisors LLC now owns 6,341 shares of the casino operator's stock worth $326,000 after acquiring an additional 1,839 shares during the period. HighTower Advisors LLC grew its holdings in shares of Las Vegas Sands by 113.2% during the fourth quarter. HighTower Advisors LLC now owns 385,354 shares of the casino operator's stock worth $19,792,000 after buying an additional 204,564 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Las Vegas Sands by 4.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 51,799 shares of the casino operator's stock worth $2,661,000 after buying an additional 2,431 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Las Vegas Sands by 2.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 231,214 shares of the casino operator's stock valued at $11,875,000 after purchasing an additional 6,287 shares during the period. 39.16% of the stock is currently owned by institutional investors.
Las Vegas Sands Stock Up 1.1 %
Shares of NYSE:LVS traded up $0.48 during midday trading on Monday, reaching $43.67. The company had a trading volume of 4,642,658 shares, compared to its average volume of 5,623,381. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 3.35. The business's 50 day moving average price is $44.64 and its 200 day moving average price is $47.65. The stock has a market cap of $31.26 billion, a PE ratio of 22.16, a P/E/G ratio of 1.41 and a beta of 1.07. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $56.61.
Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its earnings results on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a net margin of 12.80% and a return on equity of 45.82%. Research analysts forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.
Las Vegas Sands Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors 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. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 2.29%. Las Vegas Sands's dividend payout ratio (DPR) is 50.76%.
Analyst Ratings Changes
Several analysts have recently issued reports on LVS shares. Barclays reduced their price target on shares of Las Vegas Sands from $61.00 to $58.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped 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. Citigroup boosted their target price on shares of Las Vegas Sands from $64.50 to $67.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Jefferies Financial Group upgraded shares of Las Vegas Sands from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $60.00 to $69.00 in a research report on Friday, January 3rd. Finally, Morgan Stanley dropped their price objective 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. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $59.42.
Read Our Latest Research Report on LVS
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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