Alliancebernstein L.P. Lowers Stock Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Alliancebernstein L.P. decreased its position in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 349,475 shares of the casino operator's stock after selling 11,753 shares during the period. Alliancebernstein L.P.'s holdings in Las Vegas Sands were worth $17,949,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Bank of Jackson Hole Trust purchased a new position in shares of Las Vegas Sands in the 4th quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Las Vegas Sands in the 3rd quarter worth $26,000. UMB Bank n.a. lifted its holdings in 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 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 about $36,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of Las Vegas Sands by 63.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 885 shares of the casino operator's stock worth $45,000 after purchasing an additional 342 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports 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 on the stock in a report on Thursday, January 30th. Barclays lowered their target price on shares of Las Vegas Sands from $61.00 to $58.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 29th. Citigroup increased their target price on shares of Las Vegas Sands from $64.50 to $67.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Morgan Stanley lowered 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 report on Monday, February 24th. Finally, 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 report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $59.42.

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Las Vegas Sands Trading Up 1.1 %

NYSE:LVS traded up $0.34 on Friday, reaching $32.06. The company's stock had a trading volume of 5,115,165 shares, compared to its average volume of 6,084,359. Las Vegas Sands Corp. has a 12-month low of $30.18 and a 12-month high of $56.61. The stock has a 50 day moving average price of $41.09 and a 200 day moving average price of $47.11. The firm has a market cap of $22.65 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 1.41 and a beta of 0.99. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 3.35.

Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its quarterly earnings data 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 net margin of 12.80% and a return on equity of 45.82%. On average, equities analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th were issued a $0.25 dividend. This is a positive change from Las Vegas Sands's previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend was Monday, February 10th. Las Vegas Sands's dividend payout ratio is currently 50.76%.

About Las Vegas Sands

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.