SBI Securities Co. Ltd. acquired a new stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,334 shares of the casino operator's stock, valued at approximately $325,000.
Several other institutional investors have also bought and sold shares of LVS. Bank of Jackson Hole Trust bought a new stake in shares of Las Vegas Sands during the 4th quarter valued at $26,000. Wilmington Savings Fund Society FSB purchased a new position in Las Vegas Sands during the 3rd quarter valued at about $26,000. UMB Bank n.a. increased its position in shares of Las Vegas Sands by 73.5% during the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator's stock valued at $30,000 after buying an additional 247 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Las Vegas Sands in the third quarter worth about $34,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Las Vegas Sands in the third quarter valued at approximately $43,000. Hedge funds and other institutional investors own 39.16% of the company's stock.
Analysts Set New Price Targets
A number of research firms recently weighed in on LVS. 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 report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their target price on shares of Las Vegas Sands from $62.00 to $61.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 29th. Citigroup raised 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. Morgan Stanley lowered 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 research report on Monday, February 24th. Finally, Wells Fargo & Company lowered their price objective on shares of Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $59.42.
Check Out Our Latest Analysis on Las Vegas Sands
Las Vegas Sands Trading Down 0.9 %
NYSE:LVS traded down $0.41 during trading hours on Friday, reaching $44.99. The company's stock had a trading volume of 4,715,092 shares, compared to its average volume of 5,619,653. The firm has a market capitalization of $32.21 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 1.41 and a beta of 1.07. The firm has a 50-day simple moving average of $45.34 and a 200-day simple moving average of $47.49. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 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.
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%. Research 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 declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.22%. 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 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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