Amalgamated Bank Sells 2,745 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Amalgamated Bank lessened its stake in Las Vegas Sands Corp. (NYSE:LVS) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,967 shares of the casino operator’s stock after selling 2,745 shares during the period. Amalgamated Bank’s holdings in Las Vegas Sands were worth $3,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Las Vegas Sands in the 3rd quarter worth approximately $26,000. Bank of Jackson Hole Trust acquired a new stake in Las Vegas Sands in the fourth quarter valued at approximately $26,000. UMB Bank n.a. grew its holdings in Las Vegas Sands by 73.5% in the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock worth $30,000 after purchasing an additional 247 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Las Vegas Sands during the third quarter worth $34,000. Finally, Vestor Capital LLC purchased a new stake in shares of Las Vegas Sands during the 3rd quarter valued at $43,000. 39.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on LVS shares. Morgan Stanley dropped their target price on Las Vegas Sands from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft dropped their price target on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Macquarie increased their price objective on shares of Las Vegas Sands from $57.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Jefferies Financial Group raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and boosted their target price for the stock from $60.00 to $69.00 in a research report on Friday, January 3rd. Finally, UBS Group upped their price target on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Las Vegas Sands has a consensus rating of “Moderate Buy” and a consensus target price of $59.42.

Las Vegas Sands Stock Up 2.3 %

NYSE:LVS opened at $44.74 on Friday. 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 company’s fifty day moving average price is $45.98 and its 200-day moving average price is $47.25. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $56.60. The firm has a market capitalization of $32.03 billion, a P/E ratio of 22.71, a PEG ratio of 1.41 and a beta of 1.08.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. As a group, equities research analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date was Monday, February 10th. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 2.24%. Las Vegas Sands’s payout ratio is presently 50.76%.

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.