Capital Research Global Investors grew its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 26.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,824,289 shares of the casino operator's stock after purchasing an additional 12,304,533 shares during the quarter. Capital Research Global Investors owned approximately 8.11% of Las Vegas Sands worth $3,021,205,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in LVS. Wilmington Savings Fund Society FSB purchased a new stake in Las Vegas Sands during the third quarter valued at approximately $26,000. Bank of Jackson Hole Trust bought a new position in Las Vegas Sands in the 4th quarter worth $26,000. UMB Bank n.a. grew its holdings in Las Vegas Sands by 73.5% during the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator's stock valued at $30,000 after purchasing an additional 247 shares during the period. Brown Brothers Harriman & Co. purchased a new position in shares of Las Vegas Sands during the 4th quarter valued at about $36,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of Las Vegas Sands by 63.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 885 shares of the casino operator's stock valued at $45,000 after acquiring an additional 342 shares during the period. Institutional investors own 39.16% of the company's stock.
Las Vegas Sands Stock Up 1.3 %
LVS stock traded up $0.44 during trading on Wednesday, hitting $34.38. 11,844,324 shares of the company's stock traded hands, compared to its average volume of 6,110,183. The business has a fifty day simple moving average of $39.75 and a two-hundred day simple moving average of $46.21. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 3.35. The firm has a market capitalization of $24.30 billion, a P/E ratio of 17.45, a PEG ratio of 1.41 and a beta of 0.99. Las Vegas Sands Corp. has a 1 year low of $30.18 and a 1 year high of $56.60.
Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The casino operator reported $0.59 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.03). Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. During the same period in the prior year, the business earned $0.78 earnings per share. Sell-side analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current year.
Las Vegas Sands Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.91%. This is a positive change from Las Vegas Sands's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, February 10th. Las Vegas Sands's dividend payout ratio is presently 50.76%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on LVS shares. JPMorgan Chase & Co. lowered their price target 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. Macquarie upped their target price on shares of Las Vegas Sands from $57.00 to $58.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Barclays decreased their price target on Las Vegas Sands from $58.00 to $53.00 and set an "overweight" rating on the stock in a report on Tuesday. Jefferies Financial Group upgraded Las Vegas Sands from a "hold" rating to a "buy" rating and increased their target price for the stock from $60.00 to $69.00 in a research report on Friday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $58.67.
Check Out Our Latest Stock Report on Las Vegas Sands
Las Vegas Sands Profile
(
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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