Nissay Asset Management Corp Japan ADV increased its position in Las Vegas Sands Corp. (NYSE:LVS) by 2.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 55,158 shares of the casino operator’s stock after acquiring an additional 1,420 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Las Vegas Sands were worth $2,871,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in LVS. Marathon Asset Management LLP purchased a new stake in Las Vegas Sands in the 3rd quarter worth about $404,981,000. BlackRock Inc. increased its holdings in Las Vegas Sands by 12.5% in the 3rd quarter. BlackRock Inc. now owns 22,333,184 shares of the casino operator’s stock worth $1,325,029,000 after acquiring an additional 2,476,837 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Las Vegas Sands by 1,396.2% in the 3rd quarter. Renaissance Technologies LLC now owns 2,361,000 shares of the casino operator’s stock worth $140,078,000 after acquiring an additional 2,203,200 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Las Vegas Sands by 4,563.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,242,730 shares of the casino operator’s stock valued at $43,000 after buying an additional 2,194,636 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in Las Vegas Sands by 103.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 37,100 shares of the casino operator’s stock valued at $2,201,000 after buying an additional 1,187,100 shares in the last quarter. 35.63% of the stock is owned by institutional investors.
A number of research analysts have weighed in on the company. Zacks Investment Research raised Las Vegas Sands from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Deutsche Bank lifted their target price on Las Vegas Sands to $60.00 and gave the company a “buy” rating in a report on Thursday, January 24th. Morgan Stanley reaffirmed a “buy” rating on shares of Las Vegas Sands in a report on Monday, December 3rd. Sanford C. Bernstein assumed coverage on Las Vegas Sands in a report on Thursday, November 15th. They set an “outperform” rating and a $81.45 target price for the company. Finally, Argus reduced their target price on Las Vegas Sands from $89.00 to $70.00 and set a “buy” rating for the company in a report on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $71.34.
LVS stock opened at $61.15 on Wednesday. The company has a quick ratio of 1.92, a current ratio of 1.93 and a debt-to-equity ratio of 1.52. The stock has a market cap of $47.26 billion, a price-to-earnings ratio of 18.42 and a beta of 1.43. Las Vegas Sands Corp. has a twelve month low of $47.39 and a twelve month high of $81.45.
Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, January 23rd. The casino operator reported $0.77 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.08). The business had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.52 billion. Las Vegas Sands had a net margin of 17.58% and a return on equity of 32.48%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 EPS. Sell-side analysts expect that Las Vegas Sands Corp. will post 3.18 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Wednesday, March 20th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date is Tuesday, March 19th. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.75. Las Vegas Sands’s dividend payout ratio (DPR) is 90.36%.
About Las Vegas Sands
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.
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