Amundi boosted its stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 40.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,167,544 shares of the casino operator's stock after buying an additional 335,180 shares during the period. Amundi owned approximately 0.16% of Las Vegas Sands worth $57,385,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. PNC Financial Services Group Inc. grew its stake in Las Vegas Sands by 6.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 28,908 shares of the casino operator's stock valued at $1,485,000 after buying an additional 1,737 shares during the last quarter. E Fund Management Co. Ltd. grew its stake in Las Vegas Sands by 4.7% in the 4th quarter. E Fund Management Co. Ltd. now owns 5,595 shares of the casino operator's stock valued at $287,000 after buying an additional 250 shares during the last quarter. Candriam S.C.A. boosted its holdings in Las Vegas Sands by 8.1% in the 4th quarter. Candriam S.C.A. now owns 25,146 shares of the casino operator's stock valued at $1,291,000 after purchasing an additional 1,890 shares during the period. Raymond James Financial Inc. bought a new stake in Las Vegas Sands in the 4th quarter valued at about $55,221,000. Finally, Proficio Capital Partners LLC bought a new stake in Las Vegas Sands in the 4th quarter valued at about $1,889,000. Institutional investors and hedge funds own 39.16% of the company's stock.
Las Vegas Sands Price Performance
Shares of NYSE:LVS opened at $44.83 on Wednesday. The company has a market cap of $32.10 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 1.41 and a beta of 1.07. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.74 and a quick ratio of 0.73. The firm has a 50 day simple moving average of $45.10 and a 200 day simple moving average of $47.59. Las Vegas Sands Corp. has a one year low of $36.62 and a one year high of $56.61.
Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its quarterly earnings data 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 predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.
Las Vegas Sands Increases Dividend
The firm also recently declared 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 a boost from Las Vegas Sands's previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 2.23%. The ex-dividend date was Monday, February 10th. Las Vegas Sands's dividend payout ratio is 50.76%.
Analyst Ratings Changes
LVS has been the subject of a number of recent research reports. Morgan Stanley cut 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 report on Monday, February 24th. Jefferies Financial Group raised shares of Las Vegas Sands from a "hold" rating to a "buy" rating and boosted their price objective for the company from $60.00 to $69.00 in a report on Friday, January 3rd. Barclays cut their price objective on shares of Las Vegas Sands from $61.00 to $58.00 and set an "overweight" rating for the company in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price objective on shares of Las Vegas Sands from $62.00 to $61.00 and set an "overweight" rating for the company in a report on Wednesday, January 29th. Finally, Macquarie boosted their price objective on shares of Las Vegas Sands from $57.00 to $58.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Four investment 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 currently has a consensus rating of "Moderate Buy" and an average target price of $59.42.
Check Out Our Latest Report on Las Vegas Sands
Las Vegas Sands Company 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.
Further Reading
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