Canada Post Corp Registered Pension Plan 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 disclosure with the SEC. The fund acquired 171,082 shares of the casino operator's stock, valued at approximately $8,787,000.
Several other large investors also recently made changes to their positions in LVS. Quantinno Capital Management LP lifted its holdings in shares of Las Vegas Sands by 39.9% during the third quarter. Quantinno Capital Management LP now owns 9,569 shares of the casino operator's stock worth $482,000 after buying an additional 2,730 shares during the last quarter. MML Investors Services LLC raised its holdings in Las Vegas Sands by 6.5% in the 3rd quarter. MML Investors Services LLC now owns 12,210 shares of the casino operator's stock valued at $615,000 after acquiring an additional 743 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of Las Vegas Sands by 62.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 22,082 shares of the casino operator's stock worth $1,106,000 after acquiring an additional 8,466 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Las Vegas Sands during the 3rd quarter worth approximately $1,953,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Las Vegas Sands during the third quarter valued at approximately $26,000. Institutional investors own 39.16% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on LVS shares. Macquarie increased their target price on shares of Las Vegas Sands from $57.00 to $58.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price target on Las Vegas Sands from $62.00 to $61.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 29th. Citigroup lifted their price target on Las Vegas Sands from $64.50 to $67.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Barclays lowered their price target 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. Finally, Wells Fargo & Company reduced 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. Four investment 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 company has a consensus rating of "Moderate Buy" and an average target price of $59.08.
Get Our Latest Research Report on LVS
Las Vegas Sands Stock Performance
Shares of LVS traded up $0.88 during midday trading on Friday, reaching $32.74. The stock had a trading volume of 5,739,478 shares, compared to its average volume of 6,031,238. Las Vegas Sands Corp. has a one year low of $30.18 and a one year high of $56.61. The firm has a market cap of $23.13 billion, a PE ratio of 16.62, a P/E/G ratio of 1.41 and a beta of 0.99. The firm has a 50 day simple moving average of $40.10 and a 200-day simple moving average of $46.51. 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 issued its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 EPS 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, sell-side analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current 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 paid a $0.25 dividend. This is a boost from Las Vegas Sands's previous quarterly dividend of $0.20. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 3.05%. Las Vegas Sands's payout ratio is 50.76%.
Las Vegas Sands Company Profile
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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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