USS Investment Management Ltd Has $3.07 Million Holdings in Las Vegas Sands Corp. (NYSE:LVS)

USS Investment Management Ltd reduced its stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 24.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,736 shares of the casino operator's stock after selling 19,236 shares during the quarter. USS Investment Management Ltd's holdings in Las Vegas Sands were worth $3,070,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital Research Global Investors increased its stake in Las Vegas Sands by 26.5% in the fourth quarter. Capital Research Global Investors now owns 58,824,289 shares of the casino operator's stock valued at $3,021,205,000 after purchasing an additional 12,304,533 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Las Vegas Sands by 55.7% in the 4th quarter. Janus Henderson Group PLC now owns 14,218,581 shares of the casino operator's stock valued at $730,295,000 after buying an additional 5,088,095 shares during the period. Norges Bank bought a new stake in shares of Las Vegas Sands in the 4th quarter valued at $216,571,000. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Las Vegas Sands by 29.8% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,382,267 shares of the casino operator's stock valued at $481,873,000 after buying an additional 2,152,829 shares in the last quarter. Finally, ARGA Investment Management LP raised its stake in Las Vegas Sands by 32.0% during the 4th quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator's stock worth $333,911,000 after buying an additional 1,577,042 shares during the period. 39.16% of the stock is owned by institutional investors.

Las Vegas Sands Stock Performance

LVS stock traded down $1.09 during trading hours on Wednesday, reaching $40.56. The stock had a trading volume of 6,942,020 shares, compared to its average volume of 6,131,852. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.74 and a quick ratio of 0.73. The stock has a 50-day simple moving average of $37.32 and a 200 day simple moving average of $44.04. Las Vegas Sands Corp. has a fifty-two week low of $30.18 and a fifty-two week high of $56.61. The stock has a market capitalization of $28.66 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 1.41 and a beta of 0.99.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released 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 firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.95 billion. Las Vegas Sands had a net margin of 12.80% and a return on equity of 45.82%. The business's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 earnings per share. Analysts predict that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

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

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 2.47%. Las Vegas Sands's payout ratio is currently 55.56%.

Wall Street Analyst Weigh In

LVS has been the subject of several recent analyst reports. Citigroup increased their price target on Las Vegas Sands from $64.50 to $67.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Morgan Stanley cut their price target on Las Vegas Sands from $47.00 to $45.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Stifel Nicolaus set a $57.00 price objective on Las Vegas Sands and gave the stock a "buy" rating in a report on Thursday, April 24th. Wells Fargo & Company cut their target price on Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Finally, Mizuho set a $47.00 price target on shares of Las Vegas Sands in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $56.75.

Las Vegas Sands 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.