LPL Financial LLC increased its stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 28.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 223,371 shares of the casino operator's stock after acquiring an additional 49,982 shares during the period. LPL Financial LLC's holdings in Las Vegas Sands were worth $11,472,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Bank of Jackson Hole Trust purchased a new stake in shares of Las Vegas Sands during the 4th quarter valued at $26,000. Wilmington Savings Fund Society FSB acquired a new position in Las Vegas Sands in the third quarter valued at $26,000. UMB Bank n.a. increased its stake 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 worth $30,000 after acquiring an additional 247 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Las Vegas Sands by 63.0% in 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. Finally, Kestra Investment Management LLC acquired a new position in shares of Las Vegas Sands in the 4th quarter valued at about $47,000. 39.16% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts recently commented on LVS shares. Citigroup raised their price target on shares of Las Vegas Sands from $64.50 to $67.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Barclays cut 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. Deutsche Bank Aktiengesellschaft decreased their price target on shares of 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. cut their price objective 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, Morgan Stanley reduced 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. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Las Vegas Sands has a consensus rating of "Moderate Buy" and an average price target of $59.42.
Read Our Latest Research Report on LVS
Las Vegas Sands Stock Down 5.0 %
Shares of NYSE:LVS traded down $1.59 during midday trading on Tuesday, reaching $30.51. The company had a trading volume of 11,540,269 shares, compared to its average volume of 6,009,055. Las Vegas Sands Corp. has a one year low of $30.18 and a one year high of $56.61. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.74 and a quick ratio of 0.73. The stock has a market capitalization of $21.84 billion, a P/E ratio of 15.49, a PEG ratio of 1.41 and a beta of 0.99. The stock's fifty day moving average price is $42.14 and its 200-day moving average price is $47.44.
Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. Equities research analysts expect that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.
Las Vegas Sands Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. This is a positive change from Las Vegas Sands's previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend was Monday, February 10th. 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.
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