Las Vegas Sands Corp. (NYSE:LVS) Shares Purchased by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 7.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 822,307 shares of the casino operator’s stock after purchasing an additional 55,679 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.11% of Las Vegas Sands worth $40,466,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Raymond James Financial Services Advisors Inc. raised its holdings in Las Vegas Sands by 13.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 46,767 shares of the casino operator’s stock valued at $1,818,000 after acquiring an additional 5,716 shares during the last quarter. American Century Companies Inc. grew its position in shares of Las Vegas Sands by 17.1% in the first quarter. American Century Companies Inc. now owns 13,612 shares of the casino operator’s stock valued at $529,000 after purchasing an additional 1,985 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Las Vegas Sands by 6.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 33,282 shares of the casino operator’s stock valued at $1,294,000 after purchasing an additional 2,145 shares during the last quarter. Cetera Advisor Networks LLC lifted its position in Las Vegas Sands by 26.7% during the first quarter. Cetera Advisor Networks LLC now owns 13,502 shares of the casino operator’s stock worth $525,000 after buying an additional 2,848 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Las Vegas Sands by 47.6% during the first quarter. PNC Financial Services Group Inc. now owns 27,000 shares of the casino operator’s stock worth $1,050,000 after buying an additional 8,711 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Insider Buying and Selling

In other news, CEO Robert G. Goldstein sold 100,000 shares of Las Vegas Sands stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $52.06, for a total value of $5,206,000.00. Following the completion of the transaction, the chief executive officer now owns 172,801 shares in the company, valued at approximately $8,996,020.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.91% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Citigroup upped their target price on Las Vegas Sands from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday. Jefferies Financial Group reduced their target price on shares of Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday. Wells Fargo & Company reduced their price target on shares of Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Stifel Nicolaus lowered their price objective on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Las Vegas Sands presently has an average rating of “Moderate Buy” and a consensus price target of $64.47.

Las Vegas Sands Trading Down 0.9 %

NYSE LVS opened at $45.46 on Friday. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.30 and a current ratio of 1.31. The firm has a market cap of $34.15 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 0.75 and a beta of 1.16. The firm has a 50 day simple moving average of $52.06 and a 200-day simple moving average of $49.59. Las Vegas Sands Corp. has a one year low of $43.77 and a one year high of $65.58.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.75 EPS for the quarter, beating the consensus estimate of $0.62 by $0.13. The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Las Vegas Sands had a net margin of 13.99% and a return on equity of 41.81%. The firm’s revenue was up 34.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 EPS. Equities research analysts anticipate that Las Vegas Sands Corp. will post 2.67 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.80 dividend on an annualized basis and a yield of 1.76%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 38.65%.

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.