Rhumbline Advisers reduced its stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 5.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 654,939 shares of the casino operator's stock after selling 35,578 shares during the period. Rhumbline Advisers owned approximately 0.09% of Las Vegas Sands worth $33,638,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of LVS. Wilmington Savings Fund Society FSB bought a new position in shares of Las Vegas Sands during the third quarter worth about $26,000. UMB Bank n.a. boosted its position in Las Vegas Sands by 73.5% during the 4th quarter. UMB Bank n.a. now owns 583 shares of the casino operator's stock worth $30,000 after acquiring an additional 247 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Las Vegas Sands during the 3rd quarter worth approximately $34,000. Vestor Capital LLC acquired a new stake in shares of Las Vegas Sands in the third quarter valued at approximately $43,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Las Vegas Sands in the third quarter worth $43,000. Institutional investors own 39.16% of the company's stock.
Insider Activity at Las Vegas Sands
In related news, CEO Robert G. Goldstein sold 60,187 shares of the business's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $53.02, for a total value of $3,191,114.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.91% of the stock is owned by company insiders.
Las Vegas Sands Stock Performance
Shares of LVS traded down $0.97 during mid-day trading on Friday, reaching $44.00. The company's stock had a trading volume of 4,160,472 shares, compared to its average volume of 5,935,652. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $56.60. The business has a 50-day simple moving average of $46.96 and a two-hundred day simple moving average of $47.02. The stock has a market cap 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 announced its quarterly earnings results 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 net margin of 12.80% and a return on equity of 45.82%. As a group, equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Monday, February 10th were issued a dividend of $0.25 per share. This is an increase from Las Vegas Sands's previous quarterly dividend of $0.20. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 2.27%. Las Vegas Sands's payout ratio is presently 50.76%.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on LVS shares. Barclays decreased their target price on shares of Las Vegas Sands from $61.00 to $58.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price objective on Las Vegas Sands from $62.00 to $61.00 and set an "overweight" rating for the company in a report on Wednesday, January 29th. Stifel Nicolaus lifted their target price on Las Vegas Sands from $55.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Morgan Stanley reissued an "equal weight" rating and set a $51.00 price target (down from $54.00) on shares of Las Vegas Sands in a research report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating for the company 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $59.58.
Read Our Latest Stock Analysis on LVS
About Las Vegas Sands
(
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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