Wellington Management Group LLP Has $98.37 Million Stake in Las Vegas Sands Corp. (NYSE:LVS)

Wellington Management Group LLP decreased its holdings in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,915,261 shares of the casino operator's stock after selling 64,988 shares during the quarter. Wellington Management Group LLP owned approximately 0.27% of Las Vegas Sands worth $98,368,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Las Vegas Sands in the fourth quarter valued at about $216,571,000. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Las Vegas Sands by 29.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,382,267 shares of the casino operator's stock worth $481,873,000 after acquiring an additional 2,152,829 shares during the last quarter. ARGA Investment Management LP lifted its position in shares of Las Vegas Sands by 32.0% during the fourth quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator's stock worth $333,911,000 after purchasing an additional 1,577,042 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Las Vegas Sands by 13.5% during the fourth quarter. Bank of New York Mellon Corp now owns 11,662,548 shares of the casino operator's stock valued at $598,988,000 after purchasing an additional 1,389,963 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Las Vegas Sands in the fourth quarter valued at approximately $55,221,000. Institutional investors and hedge funds own 39.16% of the company's stock.

Las Vegas Sands Price Performance

LVS opened at $36.43 on Friday. The stock has a market cap of $26.08 billion, a P/E ratio of 18.49, a P/E/G ratio of 1.41 and a beta of 1.07. Las Vegas Sands Corp. has a 12 month low of $35.56 and a 12 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. The company has a fifty day simple moving average of $43.08 and a 200 day simple moving average of $47.66.

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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 return on equity of 45.82% and a net margin of 12.80%. On average, research analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 2.75%. This is a positive change from Las Vegas Sands's previous quarterly dividend of $0.20. Las Vegas Sands's payout ratio is presently 50.76%.

Analysts Set New Price Targets

LVS has been the topic of several research reports. JPMorgan Chase & Co. reduced their price objective on Las Vegas Sands from $62.00 to $61.00 and set an "overweight" rating on the stock in a report on Wednesday, January 29th. Jefferies Financial Group upgraded Las Vegas Sands from a "hold" rating to a "buy" rating and raised their price target for the company from $60.00 to $69.00 in a report on Friday, January 3rd. Macquarie boosted their price objective on Las Vegas Sands from $57.00 to $58.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Morgan Stanley cut their target price 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 target on shares of Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.

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