FUKOKU MUTUAL LIFE INSURANCE Co Invests $1.11 Million in Las Vegas Sands Corp. (NYSE:LVS)

FUKOKU MUTUAL LIFE INSURANCE Co bought a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 22,000 shares of the casino operator's stock, valued at approximately $1,107,000.

A number of other large investors have also made changes to their positions in LVS. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Las Vegas Sands by 14.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 9,820 shares of the casino operator's stock worth $508,000 after buying an additional 1,211 shares during the last quarter. Empowered Funds LLC acquired a new position in Las Vegas Sands in the first quarter worth $265,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Las Vegas Sands by 26.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 432,627 shares of the casino operator's stock worth $22,367,000 after acquiring an additional 89,263 shares during the last quarter. Dorsey & Whitney Trust CO LLC bought a new stake in Las Vegas Sands during the 1st quarter worth about $209,000. Finally, Vanguard Group Inc. raised its position in shares of Las Vegas Sands by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator's stock valued at $1,918,472,000 after acquiring an additional 209,589 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company's stock.

Las Vegas Sands Price Performance

NYSE LVS traded down $0.38 during mid-day trading on Friday, hitting $48.15. The stock had a trading volume of 2,513,588 shares, compared to its average volume of 5,800,308. The stock has a market capitalization of $34.91 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 1.31 and a beta of 1.11. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $55.65. The firm's 50 day moving average is $48.56 and its 200 day moving average is $44.72. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.09). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter last year, the firm earned $0.55 EPS. The business's revenue was down 4.0% on a year-over-year basis. Equities research analysts forecast that Las Vegas Sands Corp. will post 2.33 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.80 annualized dividend and a yield of 1.66%. Las Vegas Sands's dividend payout ratio (DPR) is presently 39.60%.

Insider Transactions at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 119,221 shares of the firm's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total value of $6,405,744.33. Following the transaction, the chief executive officer now owns 84,511 shares of the company's stock, valued at $4,540,776.03. This trade represents a 58.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.91% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LVS. Macquarie reduced their target price on shares of Las Vegas Sands from $58.00 to $56.00 and set an "outperform" rating for the company in a research note on Thursday, July 25th. Wells Fargo & Company raised their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an "overweight" rating in a report on Tuesday, October 1st. Barclays upped their price target on shares of Las Vegas Sands from $52.00 to $58.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. Susquehanna raised their price objective on Las Vegas Sands from $51.00 to $59.00 and gave the stock a "positive" rating in a research report on Wednesday, October 16th. Finally, StockNews.com lowered Las Vegas Sands from a "buy" rating to a "hold" rating in a research note on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $58.00.

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.