Vanguard Group Inc. lessened its position in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,981,901 shares of the casino operator's stock after selling 3,366,151 shares during the quarter. Vanguard Group Inc. owned about 5.38% of Las Vegas Sands worth $2,002,110,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC boosted its stake in Las Vegas Sands by 28.8% during the 4th quarter. LPL Financial LLC now owns 223,371 shares of the casino operator's stock worth $11,472,000 after purchasing an additional 49,982 shares during the last quarter. Samalin Investment Counsel LLC lifted its stake in shares of Las Vegas Sands by 6.9% in the fourth quarter. Samalin Investment Counsel LLC now owns 4,343 shares of the casino operator's stock worth $223,000 after buying an additional 281 shares in the last quarter. AXQ Capital LP acquired a new position in Las Vegas Sands during the fourth quarter worth about $475,000. American Century Companies Inc. grew its stake in Las Vegas Sands by 36.5% during the 4th quarter. American Century Companies Inc. now owns 335,010 shares of the casino operator's stock valued at $17,206,000 after acquiring an additional 89,508 shares in the last quarter. Finally, Mizuho Securities USA LLC grew its stake in Las Vegas Sands by 43.9% during the 4th quarter. Mizuho Securities USA LLC now owns 32,984 shares of the casino operator's stock valued at $1,694,000 after acquiring an additional 10,063 shares in the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on LVS. 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 boosted their price objective on Las Vegas Sands from $64.50 to $67.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Morgan Stanley dropped their target price on Las Vegas Sands from $51.00 to $49.00 and set an "equal weight" rating for the company in a report on Monday, February 24th. Barclays reduced their price target on Las Vegas Sands from $61.00 to $58.00 and set an "overweight" rating on the stock in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Las Vegas Sands from $62.00 to $61.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $59.42.
View Our Latest Stock Report on LVS
Las Vegas Sands Trading Up 1.2 %
Shares of LVS traded up $0.46 during trading on Monday, reaching $38.64. 5,684,665 shares of the company traded hands, compared to its average volume of 5,859,986. The stock has a 50-day simple moving average of $43.44 and a 200-day simple moving average of $47.81. The stock has a market cap of $27.66 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $56.61. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 3.35.
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%. On average, analysts anticipate that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.
Las Vegas Sands Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Monday, February 10th were paid a dividend of $0.25 per share. This is a positive change 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 yield of 2.59%. Las Vegas Sands's dividend payout ratio is presently 50.76%.
Las Vegas Sands 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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