Las Vegas Sands Corp. (NYSE:LVS) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC raised its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,810,351 shares of the casino operator’s stock after purchasing an additional 160,711 shares during the period. Fisher Asset Management LLC owned about 1.90% of Las Vegas Sands worth $709,300,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LVS. Bank of Jackson Hole Trust acquired a new stake in shares of Las Vegas Sands in the fourth quarter worth approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Las Vegas Sands in the third quarter worth approximately $26,000. UMB Bank n.a. boosted its stake in shares of 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 acquiring an additional 247 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Las Vegas Sands in the third quarter worth approximately $34,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Las Vegas Sands in the third quarter worth approximately $43,000. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Price Performance

NYSE:LVS opened at $44.74 on Friday. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $56.60. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 3.35. The company has a market capitalization of $32.03 billion, a P/E ratio of 22.71, a P/E/G ratio of 1.41 and a beta of 1.08. The stock’s fifty day moving average is $45.98 and its two-hundred day moving average is $47.25.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a net margin of 12.80% and a return on equity of 45.82%. Equities analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LVS. Wells Fargo & Company lowered their price target 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. Citigroup lifted their price target on Las Vegas Sands from $64.50 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Jefferies Financial Group raised Las Vegas Sands from a “hold” rating to a “buy” rating and lifted their price target for the stock from $60.00 to $69.00 in a research note on Friday, January 3rd. Morgan Stanley reduced their price objective on Las Vegas Sands from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. reduced their price objective on Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $59.42.

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.