Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 183,826 shares of the casino operator's stock after selling 18,226 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Las Vegas Sands were worth $9,441,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Janus Henderson Group PLC lifted its position in Las Vegas Sands by 159.6% during the third quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator's stock worth $459,630,000 after buying an additional 5,612,975 shares during the period. ARGA Investment Management LP lifted its holdings in shares of 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 acquiring an additional 1,577,042 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Las Vegas Sands by 13.5% in the fourth quarter. Bank of New York Mellon Corp now owns 11,662,548 shares of the casino operator's stock worth $598,988,000 after acquiring an additional 1,389,963 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Las Vegas Sands in the fourth quarter worth approximately $55,221,000. Finally, Madison Investment Advisors LLC purchased a new stake in Las Vegas Sands in the fourth quarter valued at approximately $20,164,000. Institutional investors and hedge funds own 39.16% of the company's stock.

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Analyst Ratings Changes

LVS has been the topic of a number of research analyst reports. Jefferies Financial Group upgraded shares of Las Vegas Sands from a "hold" rating to a "buy" rating and lifted their price target for the company from $60.00 to $69.00 in a report on Friday, January 3rd. Barclays reduced their target price on Las Vegas Sands from $61.00 to $58.00 and set an "overweight" rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target on Las Vegas Sands from $62.00 to $61.00 and set an "overweight" rating for the company in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft cut 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. Finally, Citigroup boosted their target price on Las Vegas Sands from $64.50 to $67.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Las Vegas Sands currently has an average rating of "Moderate Buy" and an average target price of $59.42.

Las Vegas Sands Stock Down 7.9 %

Shares of NYSE LVS traded down $3.10 during trading on Thursday, reaching $35.94. 2,945,836 shares of the stock were exchanged, compared to its average volume of 5,869,169. The company has a market capitalization of $25.73 billion, a price-to-earnings ratio of 18.24, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07. The business's 50-day moving average price is $43.22 and its 200 day moving average price is $47.74. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 3.35. Las Vegas Sands Corp. has a twelve month low of $35.73 and a twelve month high of $56.61.

Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. As a group, equities 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 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. This represents a $1.00 dividend on an annualized basis and a yield of 2.78%. 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 (DPR) is 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.