Wells Fargo & Company MN Sells 287,726 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Wells Fargo & Company MN lowered its position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 23.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 956,026 shares of the casino operator's stock after selling 287,726 shares during the quarter. Wells Fargo & Company MN owned 0.13% of Las Vegas Sands worth $49,101,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Huntington National Bank raised its position in Las Vegas Sands by 64.1% in the fourth quarter. Huntington National Bank now owns 1,142 shares of the casino operator's stock worth $59,000 after acquiring an additional 446 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Las Vegas Sands by 0.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,192,285 shares of the casino operator's stock worth $61,236,000 after purchasing an additional 10,544 shares during the period. Geode Capital Management LLC raised its holdings in shares of Las Vegas Sands by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 8,637,600 shares of the casino operator's stock worth $443,086,000 after purchasing an additional 80,709 shares during the period. National Bank of Canada FI lifted its stake in Las Vegas Sands by 13.3% in the fourth quarter. National Bank of Canada FI now owns 163,589 shares of the casino operator's stock valued at $8,401,000 after purchasing an additional 19,259 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in Las Vegas Sands by 40.7% during the fourth quarter. Meeder Asset Management Inc. now owns 126,310 shares of the casino operator's stock valued at $6,487,000 after purchasing an additional 36,567 shares during the period. Hedge funds and other institutional investors own 39.16% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LVS shares. Deutsche Bank Aktiengesellschaft cut 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. Wells Fargo & Company reduced their target price on shares of Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Jefferies Financial Group upgraded shares of Las Vegas Sands from a "hold" rating to a "buy" rating and upped their price target for the company from $60.00 to $69.00 in a research note on Friday, January 3rd. Morgan Stanley reduced their price objective on shares of Las Vegas Sands from $51.00 to $49.00 and set an "equal weight" rating for the company in a research note on Monday, February 24th. Finally, Barclays cut their price target on Las Vegas Sands from $61.00 to $58.00 and set an "overweight" rating for the company in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Las Vegas Sands presently has a consensus rating of "Moderate Buy" and an average target price of $59.42.

Las Vegas Sands Price Performance

Shares of NYSE LVS traded up $0.72 during midday trading on Tuesday, hitting $32.84. 1,567,454 shares of the company's stock were exchanged, compared to its average volume of 6,082,535. The business's fifty day moving average price is $40.86 and its two-hundred day moving average price is $46.96. The company has a market cap of $23.20 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 1.41 and a beta of 0.99. Las Vegas Sands Corp. has a 12-month low of $30.18 and a 12-month high of $56.61. 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 (NYSE:LVS - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates 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, research analysts forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Increases Dividend

The company also recently announced 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 of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 3.05%. This is a positive change from Las Vegas Sands's previous quarterly dividend of $0.20. Las Vegas Sands's dividend payout ratio is currently 50.76%.

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.