Comerica Bank increased its holdings in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 63.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,672 shares of the casino operator's stock after purchasing an additional 26,550 shares during the period. Comerica Bank's holdings in Las Vegas Sands were worth $4,470,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Las Vegas Sands by 43.8% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,454,013 shares of the casino operator's stock worth $293,371,000 after purchasing an additional 1,660,823 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Las Vegas Sands by 410.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,167,553 shares of the casino operator's stock worth $277,963,000 after purchasing an additional 4,154,753 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Las Vegas Sands by 5.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,723,494 shares of the casino operator's stock worth $200,335,000 after acquiring an additional 187,389 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Las Vegas Sands by 33,102.6% during the 4th quarter. M&T Bank Corp now owns 3,060,288 shares of the casino operator's stock worth $197,463,000 after acquiring an additional 3,051,071 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Las Vegas Sands by 64.5% during the 3rd quarter. AQR Capital Management LLC now owns 2,819,128 shares of the casino operator's stock worth $151,641,000 after acquiring an additional 1,105,630 shares in the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the company. Morgan Stanley upped their price objective on Las Vegas Sands from $67.00 to $69.00 and gave the stock an "equal weight" rating in a report on Thursday, April 23rd. Mizuho upped their price objective on Las Vegas Sands from $65.00 to $67.00 and gave the stock an "outperform" rating in a report on Thursday, April 23rd. HSBC upped their price objective on Las Vegas Sands from $73.00 to $78.00 and gave the stock a "buy" rating in a report on Thursday, April 23rd. Macquarie Infrastructure reaffirmed an "outperform" rating and set a $70.00 price objective on shares of Las Vegas Sands in a report on Thursday, January 29th. Finally, Wells Fargo & Company decreased their price objective on Las Vegas Sands from $68.00 to $65.00 and set an "equal weight" rating on the stock in a report on Thursday, April 16th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $68.28.
Check Out Our Latest Analysis on LVS
Las Vegas Sands Stock Performance
NYSE LVS opened at $53.85 on Friday. The company has a market cap of $35.68 billion, a P/E ratio of 19.94, a P/E/G ratio of 1.23 and a beta of 0.85. The company has a debt-to-equity ratio of 8.64, a quick ratio of 1.13 and a current ratio of 0.92. The business's 50 day moving average price is $54.66 and its 200-day moving average price is $59.08. Las Vegas Sands Corp. has a fifty-two week low of $37.24 and a fifty-two week high of $70.45.
Las Vegas Sands (NYSE:LVS - Get Free Report) last released its earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.15. The firm had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.32 billion. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The company's revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS. Sell-side analysts predict that Las Vegas Sands Corp. will post 3.35 earnings per share for the current year.
Las Vegas Sands Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 13th. Stockholders of record on Tuesday, May 5th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, May 5th. This represents a $1.20 annualized dividend and a dividend yield of 2.2%. Las Vegas Sands's payout ratio is currently 44.44%.
Insider Buying and Selling at Las Vegas Sands
In other news, CEO Patrick Dumont sold 60,165 shares of the business's stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total transaction of $3,294,033.75. Following the transaction, the chief executive officer owned 511,942 shares of the company's stock, valued at approximately $28,028,824.50. The trade was a 10.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.55% of the company's stock.
About Las Vegas Sands
(
Free Report)
Las Vegas Sands NYSE: LVS is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company's operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.
The company's portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.
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Want to see what other hedge funds are holding LVS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Las Vegas Sands Corp. (NYSE:LVS - Free Report).
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