Massachusetts Financial Services Co. MA Boosts Stock Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Massachusetts Financial Services Co. MA increased its position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,192,285 shares of the casino operator's stock after buying an additional 10,544 shares during the period. Massachusetts Financial Services Co. MA owned 0.16% of Las Vegas Sands worth $61,236,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LVS. Norges Bank purchased a new position in Las Vegas Sands during the fourth quarter valued at $216,571,000. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Las Vegas Sands by 29.8% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,382,267 shares of the casino operator's stock worth $481,873,000 after buying an additional 2,152,829 shares during the last quarter. ARGA Investment Management LP increased its stake in Las Vegas Sands by 32.0% during the 4th quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator's stock worth $333,911,000 after buying an additional 1,577,042 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Las Vegas Sands by 13.5% during the fourth quarter. Bank of New York Mellon Corp now owns 11,662,548 shares of the casino operator's stock valued at $598,988,000 after acquiring an additional 1,389,963 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Las Vegas Sands in the fourth quarter valued at approximately $55,221,000. Institutional investors and hedge funds own 39.16% of the company's stock.

Wall Street Analysts Forecast Growth

LVS has been the subject of several research reports. Citigroup upped their price objective on shares of Las Vegas Sands from $64.50 to $67.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Macquarie raised their target price 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. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Barclays reduced 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. Finally, Wells Fargo & Company dropped their price target on shares of Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $59.42.

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Las Vegas Sands Stock Down 8.3 %

LVS stock opened at $33.38 on Friday. The company's 50 day moving average is $42.88 and its two-hundred day moving average is $47.66. Las Vegas Sands Corp. has a twelve month low of $32.74 and a twelve month high of $56.61. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. The stock has a market cap of $23.90 billion, a P/E ratio of 16.94, a PEG ratio of 1.41 and a beta of 0.99.

Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 earnings per share (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%. 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 business also recently disclosed 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. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from Las Vegas Sands's previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 3.00%. Las Vegas Sands's dividend payout ratio is currently 50.76%.

Las Vegas Sands Profile

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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