Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 5.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 722,081 shares of the casino operator's stock after buying an additional 37,932 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.11% of Las Vegas Sands worth $33,353,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of Las Vegas Sands during the fourth quarter worth approximately $26,000. DV Equities LLC purchased a new position in Las Vegas Sands during the 4th quarter worth $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in Las Vegas Sands during the 4th quarter worth $29,000. Wilmington Savings Fund Society FSB lifted its stake in shares of Las Vegas Sands by 254.8% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator's stock worth $36,000 after acquiring an additional 400 shares during the period. Finally, Activest Wealth Management boosted its holdings in shares of Las Vegas Sands by 1,208.0% in the fourth quarter. Activest Wealth Management now owns 654 shares of the casino operator's stock valued at $43,000 after acquiring an additional 604 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Barclays reduced their price target on shares of Las Vegas Sands from $63.00 to $59.00 and set an "overweight" rating for the company in a research report on Thursday, July 23rd. Argus cut Las Vegas Sands from a "buy" rating to a "hold" rating in a report on Thursday, July 30th. Bank of America decreased their target price on Las Vegas Sands from $70.00 to $60.00 and set a "neutral" rating for the company in a research report on Monday, July 20th. UBS Group set a $52.00 price objective on Las Vegas Sands in a research note on Thursday, July 2nd. Finally, Wells Fargo & Company reduced their price target on shares of Las Vegas Sands from $65.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 14th. Ten analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $61.88.
Read Our Latest Analysis on Las Vegas Sands
Las Vegas Sands Stock Down 1.2%
LVS opened at $46.00 on Friday. The stock's 50 day moving average price is $46.77 and its 200 day moving average price is $51.43. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.00 and a quick ratio of 0.99. The stock has a market cap of $29.79 billion, a P/E ratio of 17.90, a P/E/G ratio of 1.15 and a beta of 0.85. Las Vegas Sands Corp. has a 12 month low of $44.21 and a 12 month high of $70.45.
Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.17). Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter last year, the firm posted $0.66 EPS. The company's revenue was down .7% compared to the same quarter last year. As a group, research analysts predict that Las Vegas Sands Corp. will post 3.09 earnings per share for the current year.
Las Vegas Sands Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.20 annualized dividend and a yield of 2.6%. Las Vegas Sands's dividend payout ratio (DPR) is presently 46.69%.
Las Vegas Sands Profile
(
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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