Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by World Investment Advisors

World Investment Advisors decreased its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 86.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,310 shares of the casino operator’s stock after selling 33,479 shares during the period. World Investment Advisors’ holdings in Las Vegas Sands were worth $273,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LVS. Norges Bank acquired a new position in shares of Las Vegas Sands in the 4th quarter valued at $216,571,000. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Las Vegas Sands by 29.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,382,267 shares of the casino operator’s stock valued at $481,873,000 after purchasing an additional 2,152,829 shares during the period. ARGA Investment Management LP raised its holdings in shares of Las Vegas Sands by 32.0% in the fourth quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator’s stock valued at $333,911,000 after buying an additional 1,577,042 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Las Vegas Sands by 13.5% during the fourth quarter. Bank of New York Mellon Corp now owns 11,662,548 shares of the casino operator’s stock worth $598,988,000 after buying an additional 1,389,963 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Las Vegas Sands during the fourth quarter worth about $55,221,000. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Analysts Set New Price Targets

LVS has been the subject of a number of recent research reports. Macquarie increased their price objective on Las Vegas Sands from $57.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price target on Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Morgan Stanley dropped their price objective on shares of 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 reduced their target price on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, Citigroup boosted their price target on shares of Las Vegas Sands from $64.50 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.42.

Las Vegas Sands Stock Down 5.0 %

LVS opened at $30.51 on Wednesday. Las Vegas Sands Corp. has a one year low of $30.18 and a one year high of $56.61. The company has a market cap of $21.56 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 1.41 and a beta of 0.99. The business’s fifty day moving average is $42.14 and its two-hundred day moving average is $47.44. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 0.74.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data 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%. Analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Monday, February 10th. Las Vegas Sands’s payout ratio is currently 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.