Achmea Investment Management B.V. acquired a new stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 20,214 shares of the casino operator's stock, valued at approximately $1,039,000.
Other institutional investors also recently modified their holdings of the company. Empowered Funds LLC increased its holdings in shares of Las Vegas Sands by 3.6% in the third quarter. Empowered Funds LLC now owns 6,050 shares of the casino operator's stock valued at $305,000 after purchasing an additional 213 shares in the last quarter. Raymond James Trust N.A. boosted its position in Las Vegas Sands by 4.7% in the 3rd quarter. Raymond James Trust N.A. now owns 5,062 shares of the casino operator's stock valued at $255,000 after buying an additional 229 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Las Vegas Sands by 3.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 6,505 shares of the casino operator's stock valued at $334,000 after buying an additional 231 shares during the period. Wilmington Savings Fund Society FSB raised its position in shares of Las Vegas Sands by 45.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 760 shares of the casino operator's stock worth $39,000 after acquiring an additional 238 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Las Vegas Sands by 73.5% during the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator's stock valued at $30,000 after acquiring an additional 247 shares during the period. 39.16% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of analysts recently commented on LVS shares. Wells Fargo & Company lowered their price objective 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. Macquarie boosted their price target on shares of Las Vegas Sands from $57.00 to $58.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Barclays cut their price objective on shares of Las Vegas Sands from $61.00 to $58.00 and set an "overweight" rating on the stock in a report on Wednesday, January 29th. Morgan Stanley lowered 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. Finally, Deutsche Bank Aktiengesellschaft cut their price target on 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. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Las Vegas Sands presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.42.
View Our Latest Stock Analysis on LVS
Las Vegas Sands Stock Up 1.5 %
Shares of NYSE LVS traded up $0.65 during mid-day trading on Wednesday, reaching $43.92. 4,338,907 shares of the company's stock were exchanged, compared to its average volume of 5,635,230. 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 business has a fifty day simple moving average of $44.37 and a 200 day simple moving average of $47.72. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $56.61. The firm has a market capitalization of $31.44 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 1.41 and a beta of 1.07.
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 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%. As a group, equities analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal 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 issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend was Monday, February 10th. This is a boost from Las Vegas Sands's previous quarterly dividend of $0.20. Las Vegas Sands's dividend payout ratio is 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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