Charles Schwab Investment Management Inc. Increases Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

Charles Schwab Investment Management Inc. increased its position in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,138,062 shares of the casino operator's stock after acquiring an additional 46,608 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.29% of Las Vegas Sands worth $109,811,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC increased its stake in shares of Las Vegas Sands by 1.2% in the fourth quarter. Fisher Asset Management LLC now owns 13,810,351 shares of the casino operator's stock worth $709,300,000 after purchasing an additional 160,711 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Las Vegas Sands by 13.5% in the 4th quarter. Bank of New York Mellon Corp now owns 11,662,548 shares of the casino operator's stock worth $598,988,000 after buying an additional 1,389,963 shares during the period. Janus Henderson Group PLC grew its stake in Las Vegas Sands by 159.6% in the 3rd quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator's stock valued at $459,630,000 after buying an additional 5,612,975 shares in the last quarter. ARGA Investment Management LP raised its holdings in Las Vegas Sands by 32.0% during the 4th quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator's stock valued at $333,911,000 after acquiring an additional 1,577,042 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Las Vegas Sands by 1.4% during the third quarter. The Manufacturers Life Insurance Company now owns 5,627,422 shares of the casino operator's stock worth $283,284,000 after acquiring an additional 77,807 shares in the last quarter. 39.16% of the stock is currently owned by institutional investors.

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Las Vegas Sands Price Performance

NYSE LVS traded down $1.99 on Wednesday, reaching $42.83. 3,267,706 shares of the company's stock traded hands, compared to its average volume of 5,603,468. The stock has a market cap of $30.66 billion, a PE ratio of 21.74, a P/E/G 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. Las Vegas Sands Corp. has a 12 month low of $36.62 and a 12 month high of $56.61. The stock has a 50-day simple moving average of $45.10 and a 200 day simple moving average of $47.59.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. As a group, research analysts predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Increases Dividend

The business also recently announced 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. 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. This represents a $1.00 annualized dividend and a yield of 2.33%. Las Vegas Sands's dividend payout ratio is currently 50.76%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wells Fargo & Company reduced their price target 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. Citigroup raised their price target on shares of Las Vegas Sands from $64.50 to $67.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft reduced their target price on Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Macquarie raised their price target on Las Vegas Sands from $57.00 to $58.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. cut their price objective on Las Vegas Sands from $62.00 to $61.00 and set an "overweight" rating for the company in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.42.

Las Vegas Sands Company Profile

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.