Retirement Planning Co of New England Inc. Has $548,000 Stock Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Retirement Planning Co of New England Inc. trimmed its stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 29.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,184 shares of the casino operator's stock after selling 5,818 shares during the quarter. Retirement Planning Co of New England Inc.'s holdings in Las Vegas Sands were worth $548,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of LVS. Achmea Investment Management B.V. boosted its stake in Las Vegas Sands by 55.4% in the 1st quarter. Achmea Investment Management B.V. now owns 31,411 shares of the casino operator's stock valued at $1,213,000 after buying an additional 11,197 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Las Vegas Sands by 18.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,005 shares of the casino operator's stock valued at $1,489,000 after purchasing an additional 6,057 shares in the last quarter. Polymer Capital Management HK LTD bought a new stake in shares of Las Vegas Sands in the 4th quarter worth about $2,311,000. Northern Trust Corp increased its position in shares of Las Vegas Sands by 12.4% during the 4th quarter. Northern Trust Corp now owns 3,088,597 shares of the casino operator's stock worth $158,630,000 after purchasing an additional 339,992 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Las Vegas Sands by 0.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,192,285 shares of the casino operator's stock valued at $61,236,000 after purchasing an additional 10,544 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the stock. The Goldman Sachs Group began coverage on shares of Las Vegas Sands in a research note on Monday, July 7th. They set a "neutral" rating and a $52.00 price objective on the stock. Macquarie decreased their price target on Las Vegas Sands from $58.00 to $52.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Stifel Nicolaus set a $57.00 price objective on Las Vegas Sands and gave the company a "buy" rating in a research report on Thursday, April 24th. Citigroup restated a "buy" rating on shares of Las Vegas Sands in a report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. assumed coverage on Las Vegas Sands in a report on Monday, June 23rd. They set a "neutral" rating and a $47.00 target price on the stock. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $55.31.

Las Vegas Sands Price Performance

Shares of LVS stock opened at $48.89 on Friday. The firm has a market cap of $34.55 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 1.83 and a beta of 1.03. Las Vegas Sands Corp. has a 12 month low of $30.18 and a 12 month high of $56.61. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 3.58. The stock has a 50-day moving average price of $43.56 and a 200 day moving average price of $42.18.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.01). The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.95 billion. Las Vegas Sands had a return on equity of 44.91% and a net margin of 11.64%. The firm's revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 earnings per share. Research analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Tuesday, May 6th were paid a $0.25 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.05%. Las Vegas Sands's dividend payout ratio (DPR) is presently 55.56%.

Las Vegas Sands declared that its board has authorized a stock repurchase program on Wednesday, April 23rd that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the casino operator to reacquire up to 8.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

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.

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