Swiss National Bank Sells 62,700 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Swiss National Bank cut its position in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,040,200 shares of the casino operator's stock after selling 62,700 shares during the quarter. Swiss National Bank owned about 0.14% of Las Vegas Sands worth $53,425,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Las Vegas Sands in the third quarter valued at $26,000. Bank of Jackson Hole Trust bought a new stake in shares of Las Vegas Sands in the fourth quarter valued at $26,000. UMB Bank n.a. raised its stake in shares of Las Vegas Sands by 73.5% in 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. Smartleaf Asset Management LLC raised its stake in shares of Las Vegas Sands by 63.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 885 shares of the casino operator's stock valued at $45,000 after buying an additional 342 shares during the period. Finally, Kestra Investment Management LLC bought a new stake in shares of Las Vegas Sands in the fourth quarter valued at $47,000. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Price Performance

Las Vegas Sands stock traded up $0.65 during midday trading on Wednesday, hitting $43.92. 4,338,907 shares of the company's stock were exchanged, compared to its average volume of 5,572,839. The stock has a 50-day moving average price of $44.37 and a two-hundred day moving average price of $47.72. Las Vegas Sands Corp. has a 52-week low of $36.62 and a 52-week high of $56.60. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 0.74. The company has a market cap of $31.44 billion, a P/E ratio of 22.29, a PEG ratio of 1.41 and a beta of 1.07.

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Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings data 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 research analysts forecast that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.28%. This is a positive change from Las Vegas Sands's previous quarterly dividend of $0.20. The ex-dividend date was Monday, February 10th. Las Vegas Sands's dividend payout ratio (DPR) is presently 50.76%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Jefferies Financial Group upgraded Las Vegas Sands from a "hold" rating to a "buy" rating and boosted their target price for the company from $60.00 to $69.00 in a research note on Friday, January 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective on 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 price objective on 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. Morgan Stanley decreased their price objective on Las Vegas Sands from $51.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. decreased their price objective on 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. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Las Vegas Sands has a consensus rating of "Moderate Buy" and an average price target of $59.42.

Las Vegas Sands Company 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.