Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 11.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 575,663 shares of the casino operator's stock after buying an additional 59,675 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.08% of Las Vegas Sands worth $29,025,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LVS. Janus Henderson Group PLC boosted its holdings in shares of Las Vegas Sands by 159.6% in the third quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator's stock valued at $459,630,000 after buying an additional 5,612,975 shares during the period. ARGA Investment Management LP increased its position in shares of Las Vegas Sands by 32.0% in the fourth quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator's stock valued at $333,911,000 after acquiring an additional 1,577,042 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Las Vegas Sands by 13.5% during the 4th quarter. Bank of New York Mellon Corp now owns 11,662,548 shares of the casino operator's stock worth $598,988,000 after purchasing an additional 1,389,963 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Las Vegas Sands in the 4th quarter valued at approximately $55,221,000. Finally, Madison Investment Advisors LLC bought a new position in shares of Las Vegas Sands in the fourth quarter valued at $20,164,000. 39.16% of the stock is owned by institutional investors and hedge funds.
Las Vegas Sands Price Performance
Shares of LVS stock traded down $3.03 during trading on Friday, hitting $33.38. The company had a trading volume of 11,363,884 shares, compared to its average volume of 5,942,744. The stock's 50-day moving average price is $42.88 and its 200 day moving average price is $47.61. Las Vegas Sands Corp. has a one year low of $32.75 and a one year high of $56.61. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 0.74. The firm has a market capitalization of $23.90 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 1.41 and a beta of 0.99.
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 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 analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.
Las Vegas Sands Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.00%. This is a boost 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 (DPR) is 50.76%.
Analyst Ratings Changes
A number of research analysts have recently commented on LVS shares. Citigroup lifted 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 report on Thursday, January 30th. JPMorgan Chase & Co. reduced their price objective on shares of Las Vegas Sands from $62.00 to $61.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. Morgan Stanley decreased their price objective on shares of Las Vegas Sands from $51.00 to $49.00 and set an "equal weight" rating on the stock in a report on Monday, February 24th. Macquarie raised their target price on shares of Las Vegas Sands from $57.00 to $58.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company decreased their price target on shares of Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $59.42.
View Our Latest Stock Report on LVS
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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