Korea Investment CORP Has $15.30 Million Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

Korea Investment CORP lessened its stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 19.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 297,819 shares of the casino operator's stock after selling 72,097 shares during the period. Korea Investment CORP's holdings in Las Vegas Sands were worth $15,296,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of LVS. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Las Vegas Sands in the third quarter worth $282,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Las Vegas Sands by 3.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 224,927 shares of the casino operator's stock worth $11,323,000 after buying an additional 7,638 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Las Vegas Sands by 2.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,659,427 shares of the casino operator's stock valued at $133,876,000 after buying an additional 57,739 shares during the period. Martingale Asset Management L P raised its stake in shares of Las Vegas Sands by 3.0% in the 3rd quarter. Martingale Asset Management L P now owns 41,081 shares of the casino operator's stock valued at $2,068,000 after buying an additional 1,192 shares in the last quarter. Finally, ARGA Investment Management LP lifted its holdings in shares of Las Vegas Sands by 24.8% during the 3rd quarter. ARGA Investment Management LP now owns 4,924,340 shares of the casino operator's stock worth $247,891,000 after acquiring an additional 977,636 shares during the period. 39.16% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Barclays lowered 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 note on Wednesday, January 29th. Morgan Stanley lowered their price objective on 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. Deutsche Bank Aktiengesellschaft cut 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. JPMorgan Chase & Co. lowered 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. Finally, Macquarie increased their price objective on Las Vegas Sands from $57.00 to $58.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Las Vegas Sands currently has a consensus rating of "Moderate Buy" and an average price target of $59.42.

Las Vegas Sands Price Performance

Shares of NYSE:LVS traded down $3.03 during midday trading on Friday, reaching $33.38. The company's stock had a trading volume of 11,363,884 shares, compared to its average volume of 5,942,744. The business's fifty day simple moving average is $42.88 and its 200-day simple moving average is $47.61. 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 fifty-two week low of $32.75 and a fifty-two week high of $56.61. The company has a market capitalization of $23.90 billion, a P/E ratio of 16.94, a P/E/G ratio of 1.41 and a beta of 0.99.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted 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 net margin of 12.80% and a return on equity of 45.82%. As a group, equities research analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.00%. The ex-dividend date was Monday, February 10th. This is a boost from Las Vegas Sands's previous quarterly dividend of $0.20. Las Vegas Sands's payout ratio is 50.76%.

About Las Vegas Sands

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.