Invesco Ltd. lessened its stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 27.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,651,846 shares of the casino operator's stock after selling 3,291,628 shares during the quarter. Invesco Ltd. owned about 1.19% of Las Vegas Sands worth $444,359,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new position in Las Vegas Sands during the 3rd quarter worth $26,000. Bank of Jackson Hole Trust purchased a new position in Las Vegas Sands during the fourth quarter worth about $26,000. UMB Bank n.a. lifted its position in Las Vegas Sands by 73.5% in 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 stake in Las Vegas Sands in the 4th quarter valued at approximately $36,000. Finally, Smartleaf Asset Management LLC increased its position in Las Vegas Sands by 63.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 885 shares of the casino operator's stock worth $45,000 after purchasing an additional 342 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
LVS has been the topic of a number of recent analyst reports. 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 report on Wednesday, January 29th. Jefferies Financial Group upgraded shares of Las Vegas Sands from a "hold" rating to a "buy" rating and raised their price objective for the company from $60.00 to $69.00 in a research note on Friday, January 3rd. JPMorgan Chase & Co. dropped their target price on shares of Las Vegas Sands from $62.00 to $61.00 and set an "overweight" rating for the company in a report on Wednesday, January 29th. Citigroup boosted their price target on Las Vegas Sands from $64.50 to $67.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Finally, Barclays dropped their price objective on Las Vegas Sands from $61.00 to $58.00 and set an "overweight" 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 company's stock. According to MarketBeat.com, Las Vegas Sands currently has an average rating of "Moderate Buy" and a consensus target price of $59.42.
Get Our Latest Stock Report on Las Vegas Sands
Las Vegas Sands Price Performance
LVS stock traded down $0.14 during trading on Monday, hitting $31.95. The stock had a trading volume of 1,284,128 shares, compared to its average volume of 6,079,466. Las Vegas Sands Corp. has a 1-year low of $30.18 and a 1-year high of $56.61. The stock has a market cap of $22.58 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 1.41 and a beta of 0.99. The company's 50 day moving average price is $41.09 and its two-hundred day moving average price is $47.10. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 0.74.
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 analysts' consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a net margin of 12.80% and a return on equity of 45.82%. On average, sell-side analysts forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.
Las Vegas Sands Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from Las Vegas Sands's previous quarterly dividend of $0.20. Las Vegas Sands's dividend payout ratio is currently 50.76%.
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.
Further Reading
Before you consider Las Vegas Sands, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Las Vegas Sands wasn't on the list.
While Las Vegas Sands currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn how options trading can help you navigate market volatility, manage risk, and maximize returns with MarketBeat's "Unlock the Potential in Options Trading." Click the link below to have this special report delivered to your inbox.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
