Polen Capital Management LLC cut its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 23.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 154,724 shares of the casino operator's stock after selling 48,210 shares during the quarter. Polen Capital Management LLC's holdings in Las Vegas Sands were worth $7,947,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in LVS. Atria Investments Inc raised its stake in shares of Las Vegas Sands by 74.9% during the third quarter. Atria Investments Inc now owns 13,086 shares of the casino operator's stock worth $659,000 after acquiring an additional 5,604 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Las Vegas Sands by 5.9% during the third quarter. Victory Capital Management Inc. now owns 159,301 shares of the casino operator's stock worth $8,019,000 after acquiring an additional 8,896 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of Las Vegas Sands during the third quarter worth approximately $316,000. CIBC Asset Management Inc raised its stake in shares of Las Vegas Sands by 5.3% during the third quarter. CIBC Asset Management Inc now owns 63,486 shares of the casino operator's stock worth $3,196,000 after acquiring an additional 3,217 shares in the last quarter. Finally, Empirical Finance LLC raised its stake in shares of Las Vegas Sands by 3.1% during the third quarter. Empirical Finance LLC now owns 11,271 shares of the casino operator's stock worth $567,000 after acquiring an additional 339 shares in the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
LVS has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. 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 research note on Thursday, January 30th. Citigroup lifted their target price on shares of Las Vegas Sands from $64.50 to $67.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Jefferies Financial Group raised shares of Las Vegas Sands from a "hold" rating to a "buy" rating and lifted their target price for the stock from $60.00 to $69.00 in a research note on Friday, January 3rd. Finally, Macquarie lifted 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. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Las Vegas Sands currently has an average rating of "Moderate Buy" and a consensus target price of $59.42.
Read Our Latest Stock Analysis on LVS
Las Vegas Sands Stock Down 2.4 %
Shares of LVS stock traded down $1.03 during mid-day trading on Thursday, reaching $42.88. 3,908,384 shares of the company's stock traded hands, compared to its average volume of 5,635,481. Las Vegas Sands Corp. has a 12 month low of $36.62 and a 12 month high of $56.61. The company has a market cap of $30.70 billion, a P/E ratio of 21.76, a P/E/G ratio of 1.41 and a beta of 1.07. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 3.35. The company's 50-day moving average price is $44.27 and its 200-day moving average price is $47.69.
Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share (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%. On average, equities 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 company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Monday, February 10th were paid a $0.25 dividend. This is a boost from Las Vegas Sands's previous quarterly dividend of $0.20. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 2.33%. Las Vegas Sands's payout ratio is presently 50.76%.
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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