Cibc World Markets Corp boosted its position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 13.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,848 shares of the casino operator's stock after acquiring an additional 6,790 shares during the quarter. Cibc World Markets Corp's holdings in Las Vegas Sands were worth $2,868,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Las Vegas Sands in the third quarter valued at approximately $26,000. Bank of Jackson Hole Trust acquired a new stake in Las Vegas Sands during the 4th quarter worth approximately $26,000. UMB Bank n.a. boosted its position in Las Vegas Sands by 73.5% in the 4th quarter. UMB Bank n.a. now owns 583 shares of the casino operator's stock valued at $30,000 after buying an additional 247 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Las Vegas Sands by 63.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 885 shares of the casino operator's stock worth $45,000 after acquiring an additional 342 shares in the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in shares of Las Vegas Sands during the fourth quarter worth $47,000. 39.16% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts recently commented on LVS shares. Morgan Stanley lowered their target price on Las Vegas Sands from $51.00 to $49.00 and set an "equal weight" rating for the company in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft lowered their price objective 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. Jefferies Financial Group raised shares of Las Vegas Sands from a "hold" rating to a "buy" rating and raised their target price for the company from $60.00 to $69.00 in a report on Friday, January 3rd. 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, JPMorgan Chase & Co. reduced their price objective on shares of Las Vegas Sands from $62.00 to $61.00 and set an "overweight" rating on the stock in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and ten have given 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.
Get Our Latest Stock Analysis on Las Vegas Sands
Las Vegas Sands Stock Performance
NYSE:LVS traded down $1.29 during mid-day trading on Tuesday, reaching $40.21. 7,673,671 shares of the stock were exchanged, compared to its average volume of 5,671,779. 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 Corp. has a 1 year low of $36.62 and a 1 year high of $56.61. The company has a 50 day simple moving average of $43.93 and a 200-day simple moving average of $47.81. The stock has a market capitalization of $28.79 billion, a P/E ratio of 20.41, a P/E/G ratio of 1.41 and a beta of 1.07.
Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. Analysts anticipate that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.
Las Vegas Sands Increases Dividend
The business also recently declared 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 was Monday, February 10th. This is an increase from Las Vegas Sands's previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 2.49%. Las Vegas Sands's dividend payout ratio (DPR) is currently 50.76%.
Las Vegas Sands 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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