Las Vegas Sands Corp. (NYSE:LVS) Shares Acquired by Meeder Asset Management Inc.

Meeder Asset Management Inc. boosted its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 40.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 126,310 shares of the casino operator’s stock after acquiring an additional 36,567 shares during the period. Meeder Asset Management Inc.’s holdings in Las Vegas Sands were worth $6,487,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. lifted its stake in shares of Las Vegas Sands by 3.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 6,505 shares of the casino operator’s stock valued at $334,000 after purchasing an additional 231 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its position in Las Vegas Sands by 45.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 760 shares of the casino operator’s stock valued at $39,000 after buying an additional 238 shares during the last quarter. UMB Bank n.a. boosted its stake in Las Vegas Sands by 73.5% during the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock worth $30,000 after buying an additional 247 shares during the period. E Fund Management Co. Ltd. increased its position in shares of Las Vegas Sands by 4.7% during the fourth quarter. E Fund Management Co. Ltd. now owns 5,595 shares of the casino operator’s stock valued at $287,000 after acquiring an additional 250 shares during the last quarter. Finally, RiverFront Investment Group LLC raised its stake in shares of Las Vegas Sands by 2.6% in the 4th quarter. RiverFront Investment Group LLC now owns 10,257 shares of the casino operator’s stock valued at $527,000 after acquiring an additional 257 shares during the period. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Las Vegas Sands Trading Down 5.4 %

Shares of NYSE:LVS opened at $38.15 on Monday. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $56.61. The company’s 50 day moving average is $43.56 and its two-hundred day moving average is $47.81. The company has a market cap of $27.31 billion, a PE ratio of 19.36, a P/E/G ratio of 1.41 and a beta of 1.07. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35.

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 the consensus estimate 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 predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Monday, February 10th were paid a dividend of $0.25 per share. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 2.62%. Las Vegas Sands’s payout ratio is presently 50.76%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LVS. Wells Fargo & Company dropped their target price on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Morgan Stanley dropped their price objective on Las Vegas Sands from $51.00 to $49.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. Macquarie increased their target price on Las Vegas Sands from $57.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Citigroup lifted their target price on Las Vegas Sands from $64.50 to $67.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. cut their price target on shares of Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.