Legal & General Group Plc decreased its holdings in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 28.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,773,374 shares of the casino operator's stock after selling 708,953 shares during the period. Legal & General Group Plc owned 0.24% of Las Vegas Sands worth $91,080,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of LVS. Polymer Capital Management HK LTD purchased a new position in Las Vegas Sands in the 4th quarter valued at approximately $2,311,000. Envestnet Asset Management Inc. boosted its holdings in shares of Las Vegas Sands by 26.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 155,217 shares of the casino operator's stock worth $7,972,000 after acquiring an additional 32,168 shares during the period. Aviva PLC grew its position in shares of Las Vegas Sands by 1.3% in the fourth quarter. Aviva PLC now owns 35,623 shares of the casino operator's stock valued at $1,830,000 after purchasing an additional 457 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of Las Vegas Sands during the 4th quarter valued at $5,407,000. Finally, Huntington National Bank lifted its holdings in Las Vegas Sands by 64.1% during the 4th quarter. Huntington National Bank now owns 1,142 shares of the casino operator's stock worth $59,000 after purchasing an additional 446 shares in the last quarter. Institutional investors own 39.16% of the company's stock.
Las Vegas Sands Price Performance
NYSE LVS traded up $0.59 during trading hours on Tuesday, reaching $32.71. 6,216,176 shares of the stock traded hands, compared to its average volume of 6,100,419. The stock has a 50 day simple moving average of $40.86 and a two-hundred day simple moving average of $46.96. Las Vegas Sands Corp. has a 1 year low of $30.18 and a 1 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 company has a market cap of $23.11 billion, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 1.41 and a beta of 0.99.
Las Vegas Sands (NYSE:LVS - Get Free Report) last announced 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, analysts predict that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.
Las Vegas Sands Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 3.06%. This is a positive change from Las Vegas Sands's previous quarterly dividend of $0.20. Las Vegas Sands's dividend payout ratio (DPR) is currently 50.76%.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on LVS shares. Citigroup lifted their target price on Las Vegas Sands from $64.50 to $67.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Wells Fargo & Company decreased their target price on shares of Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Macquarie raised their price target on shares of Las Vegas Sands from $57.00 to $58.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Morgan Stanley reduced their price target on shares of Las Vegas Sands from $51.00 to $49.00 and set an "equal weight" rating for the company in a research report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.42.
View Our Latest Analysis on Las Vegas Sands
About Las Vegas Sands
(
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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