New York State Common Retirement Fund boosted its stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 15.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 795,377 shares of the casino operator's stock after buying an additional 106,830 shares during the quarter. New York State Common Retirement Fund owned approximately 0.11% of Las Vegas Sands worth $40,851,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of LVS. Wilmington Savings Fund Society FSB purchased a new stake in shares of Las Vegas Sands in the third quarter valued at $26,000. UMB Bank n.a. raised its stake in Las Vegas Sands by 73.5% in the 4th quarter. UMB Bank n.a. now owns 583 shares of the casino operator's stock valued at $30,000 after purchasing an additional 247 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Las Vegas Sands in the 3rd quarter valued at about $34,000. Capital Performance Advisors LLP purchased a new position in Las Vegas Sands in the 3rd quarter valued at about $43,000. Finally, Vestor Capital LLC acquired a new stake in shares of Las Vegas Sands during the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 39.16% of the company's stock.
Las Vegas Sands Trading Down 2.1 %
LVS stock traded down $0.97 during midday trading on Friday, reaching $44.00. 4,160,667 shares of the company's stock traded hands, compared to its average volume of 5,936,545. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.74 and a quick ratio of 0.73. Las Vegas Sands Corp. has a fifty-two week low of $36.62 and a fifty-two week high of $56.60. The business has a 50-day moving average price of $46.96 and a two-hundred day moving average price of $47.02. The company has a market capitalization of $31.50 billion, a P/E ratio of 22.34, a PEG ratio of 1.38 and a beta of 1.08.
Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its earnings results 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 net margin of 12.80% and a return on equity of 45.82%. Equities research analysts forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.
Las Vegas Sands Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th were given a $0.25 dividend. This is an increase from Las Vegas Sands's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 2.27%. Las Vegas Sands's dividend payout ratio is presently 50.76%.
Analyst Ratings Changes
LVS has been the subject of a number of analyst reports. Barclays reduced their price objective 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. Mizuho increased their price target on Las Vegas Sands from $52.00 to $57.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Stifel Nicolaus raised their price objective on Las Vegas Sands from $55.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. dropped their target price 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. Finally, Jefferies Financial Group raised Las Vegas Sands from a "hold" rating to a "buy" rating and raised their price target for the stock from $60.00 to $69.00 in a research note on Friday, January 3rd. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.58.
Get Our Latest Stock Analysis on Las Vegas Sands
Insider Activity
In other news, CEO Robert G. Goldstein sold 60,187 shares of the company's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.91% of the company's stock.
Las Vegas Sands Company Profile
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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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