World Investment Advisors lessened its position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 86.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,310 shares of the casino operator's stock after selling 33,479 shares during the period. World Investment Advisors' holdings in Las Vegas Sands were worth $273,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in LVS. Oppenheimer & Co. Inc. lifted its holdings in shares of Las Vegas Sands by 3.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 6,505 shares of the casino operator's stock worth $334,000 after acquiring an additional 231 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its stake in shares of Las Vegas Sands by 45.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 760 shares of the casino operator's stock valued at $39,000 after acquiring an additional 238 shares during the last quarter. UMB Bank n.a. boosted its holdings in Las Vegas Sands by 73.5% during the 4th quarter. UMB Bank n.a. now owns 583 shares of the casino operator's stock valued at $30,000 after acquiring an additional 247 shares during the period. E Fund Management Co. Ltd. increased its stake in Las Vegas Sands by 4.7% in the 4th quarter. E Fund Management Co. Ltd. now owns 5,595 shares of the casino operator's stock worth $287,000 after purchasing an additional 250 shares during the period. Finally, RiverFront Investment Group LLC boosted its stake in shares of Las Vegas Sands by 2.6% during the fourth quarter. RiverFront Investment Group LLC now owns 10,257 shares of the casino operator's stock valued at $527,000 after purchasing an additional 257 shares during the period. 39.16% of the stock is currently owned by hedge funds and other institutional investors.
Las Vegas Sands Stock Up 0.0 %
Shares of LVS traded up $0.01 during midday trading on Monday, hitting $32.10. The company had a trading volume of 870,049 shares, compared to its average volume of 6,077,070. The company's 50-day simple moving average is $41.09 and its 200-day simple moving average is $47.10. 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 Corp. has a 1 year low of $30.18 and a 1 year high of $56.61. The firm has a market capitalization of $22.68 billion, a P/E ratio of 16.29, a P/E/G ratio of 1.41 and a beta of 0.99.
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 net margin of 12.80% and a return on equity of 45.82%. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from Las Vegas Sands's previous quarterly dividend of $0.20. Las Vegas Sands's dividend payout ratio is currently 50.76%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on LVS. Macquarie boosted their price target on Las Vegas Sands from $57.00 to $58.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. JPMorgan Chase & Co. reduced 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. Barclays lowered their target price on Las Vegas Sands from $61.00 to $58.00 and set an "overweight" rating for the company in a research note on Wednesday, January 29th. Finally, Jefferies Financial Group upgraded Las Vegas Sands from a "hold" rating to a "buy" rating and increased their target price for the company from $60.00 to $69.00 in a research note on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, Las Vegas Sands presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.42.
View Our Latest Stock Analysis on Las Vegas Sands
Las Vegas Sands Profile
(
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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