Capital Research Global Investors Purchases 240,033 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Capital Research Global Investors raised its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 1.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 22,065,404 shares of the casino operator’s stock after purchasing an additional 240,033 shares during the period. Capital Research Global Investors’ holdings in Las Vegas Sands were worth $1,523,396,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Prudential Financial Inc. raised its position in shares of Las Vegas Sands by 1,097.6% during the 4th quarter. Prudential Financial Inc. now owns 318,865 shares of the casino operator’s stock valued at $22,014,000 after buying an additional 292,240 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Las Vegas Sands by 30.8% during the fourth quarter. Bank of New York Mellon Corp now owns 3,453,997 shares of the casino operator’s stock worth $238,465,000 after buying an additional 813,346 shares during the period. Alerus Financial NA increased its position in Las Vegas Sands by 13.3% during the fourth quarter. Alerus Financial NA now owns 53,761 shares of the casino operator’s stock valued at $3,712,000 after acquiring an additional 6,328 shares during the last quarter. Wealthsource Partners LLC increased its position in Las Vegas Sands by 7.2% during the third quarter. Wealthsource Partners LLC now owns 4,719 shares of the casino operator’s stock valued at $273,000 after acquiring an additional 317 shares during the last quarter. Finally, Voya Investment Management LLC raised its stake in shares of Las Vegas Sands by 18.2% in the third quarter. Voya Investment Management LLC now owns 41,938 shares of the casino operator’s stock valued at $2,422,000 after acquiring an additional 6,449 shares during the period. 37.39% of the stock is currently owned by institutional investors and hedge funds.

LVS stock traded up $4.96 during mid-day trading on Thursday, reaching $52.31. The company had a trading volume of 2,551,461 shares, compared to its average volume of 9,519,430. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.65 and a quick ratio of 1.63. The company has a market capitalization of $36.16 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 5.45 and a beta of 1.60. The firm has a 50 day moving average of $57.66 and a 200 day moving average of $61.94. Las Vegas Sands Corp. has a 12 month low of $33.30 and a 12 month high of $74.29.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, January 29th. The casino operator reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.10. The firm had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.37 billion. Las Vegas Sands had a net margin of 19.64% and a return on equity of 38.61%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 earnings per share. Analysts anticipate that Las Vegas Sands Corp. will post 2.75 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Wednesday, March 18th will be issued a dividend of $0.79 per share. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.77. This represents a $3.16 annualized dividend and a yield of 6.04%. The ex-dividend date is Tuesday, March 17th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 96.93%.

Several equities research analysts have recently issued reports on LVS shares. Bank of America upgraded shares of Las Vegas Sands from a “neutral” rating to a “buy” rating and raised their target price for the stock from $72.00 to $80.00 in a report on Wednesday, February 12th. Nomura reissued a “hold” rating and issued a $55.00 price objective on shares of Las Vegas Sands in a research note on Thursday, January 30th. Jefferies Financial Group raised Las Vegas Sands from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Monday, March 16th. Deutsche Bank upped their target price on Las Vegas Sands from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, ValuEngine upgraded Las Vegas Sands from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $67.42.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

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Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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