CIBC Private Wealth Group LLC decreased its stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 86.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,774 shares of the casino operator's stock after selling 10,990 shares during the quarter. CIBC Private Wealth Group LLC's holdings in Las Vegas Sands were worth $87,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC increased its position in Las Vegas Sands by 29.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,382,267 shares of the casino operator's stock valued at $481,873,000 after acquiring an additional 2,152,829 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Las Vegas Sands in the 4th quarter worth about $486,000. Transamerica Financial Advisors Inc. lifted its stake in Las Vegas Sands by 1,772.1% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 1,947 shares of the casino operator's stock worth $100,000 after purchasing an additional 1,843 shares during the last quarter. Allstate Corp purchased a new position in shares of Las Vegas Sands during the fourth quarter valued at approximately $562,000. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Las Vegas Sands during the fourth quarter valued at approximately $36,000. Institutional investors own 39.16% of the company's stock.
Las Vegas Sands Trading Up 1.1 %
Las Vegas Sands stock traded up $0.35 during trading on Monday, reaching $32.44. 470,065 shares of the company were exchanged, compared to its average volume of 5,944,033. 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 stock's 50 day simple moving average is $41.09 and its two-hundred day simple moving average is $47.10. The company has a market capitalization of $22.92 billion, a P/E ratio of 16.46, a PEG ratio of 1.41 and a beta of 0.99. Las Vegas Sands Corp. has a 52-week low of $30.18 and a 52-week high of $56.60.
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 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%. On average, equities research analysts expect 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 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. The ex-dividend date was Monday, February 10th. This is a positive change from Las Vegas Sands's previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 3.08%. Las Vegas Sands's dividend payout ratio is 50.76%.
Wall Street Analyst Weigh In
Several research firms recently commented on LVS. Morgan Stanley reduced 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 note on Monday, February 24th. Barclays reduced 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 report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft dropped their price objective 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. Jefferies Financial Group raised Las Vegas Sands from a "hold" rating to a "buy" rating and lifted their target price for the company from $60.00 to $69.00 in a research report on Friday, January 3rd. Finally, Citigroup increased their price target on Las Vegas Sands from $64.50 to $67.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Four research 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 currently has an average rating of "Moderate Buy" and an average target price of $59.42.
Check Out Our Latest Stock Report on Las Vegas Sands
About Las Vegas Sands
(
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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