Mackenzie Financial Corp Has $3.19 Million Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

Mackenzie Financial Corp cut its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,812 shares of the casino operator’s stock after selling 7,378 shares during the period. Mackenzie Financial Corp’s holdings in Las Vegas Sands were worth $3,189,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in Las Vegas Sands in the 3rd quarter worth about $27,000. Western Pacific Wealth Management LP bought a new stake in shares of Las Vegas Sands during the third quarter worth about $29,000. CNB Bank acquired a new position in shares of Las Vegas Sands in the third quarter valued at approximately $32,000. Venturi Wealth Management LLC raised its holdings in Las Vegas Sands by 150.4% in the 4th quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock valued at $34,000 after buying an additional 409 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in Las Vegas Sands by 617.3% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 911 shares of the casino operator’s stock worth $45,000 after buying an additional 784 shares during the period. 39.16% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Robert G. Goldstein sold 100,000 shares of the firm’s 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 sale, the chief executive officer now directly owns 172,801 shares in the company, valued at approximately $8,996,020.06. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.20% of the company’s stock.

Las Vegas Sands Trading Up 2.4 %

Shares of LVS stock opened at $46.57 on Tuesday. Las Vegas Sands Corp. has a fifty-two week low of $43.77 and a fifty-two week high of $65.58. 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 stock has a 50 day simple moving average of $51.90 and a two-hundred day simple moving average of $49.68. The company has a market cap of $34.99 billion, a P/E ratio of 22.50, a PEG ratio of 0.84 and a beta of 1.17.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 EPS for the quarter, topping the consensus estimate of $0.62 by $0.13. Las Vegas Sands had a net margin of 13.99% and a return on equity of 41.81%. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the firm posted $0.28 EPS. The company’s quarterly revenue was up 34.9% on a year-over-year basis. Research analysts forecast that Las Vegas Sands Corp. will post 2.65 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.72%. The ex-dividend date is Monday, May 6th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 38.65%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Citigroup upped their price target on shares of Las Vegas Sands from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Stifel Nicolaus decreased their price objective on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Barclays lowered their target price on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft reduced their price target on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Finally, JPMorgan Chase & Co. lowered their price objective on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Las Vegas Sands has a consensus rating of “Moderate Buy” and an average price target of $63.46.

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.