Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd decreased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 12.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,335 shares of the casino operator’s stock after selling 7,233 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Las Vegas Sands were worth $2,575,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in LVS. CWM LLC lifted its holdings in Las Vegas Sands by 12.9% in the 3rd quarter. CWM LLC now owns 7,234 shares of the casino operator’s stock worth $332,000 after buying an additional 829 shares in the last quarter. Flagship Harbor Advisors LLC lifted its holdings in Las Vegas Sands by 93.5% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 7,218 shares of the casino operator’s stock worth $331,000 after buying an additional 3,488 shares in the last quarter. Oak Thistle LLC acquired a new position in Las Vegas Sands in the 3rd quarter worth $475,000. Czech National Bank lifted its holdings in Las Vegas Sands by 47.7% in the 3rd quarter. Czech National Bank now owns 57,452 shares of the casino operator’s stock worth $2,634,000 after buying an additional 18,555 shares in the last quarter. Finally, Solidarity Wealth LLC lifted its holdings in Las Vegas Sands by 12.7% in the 3rd quarter. Solidarity Wealth LLC now owns 30,914 shares of the casino operator’s stock worth $1,417,000 after buying an additional 3,489 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Insider Activity at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 100,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the completion of the sale, the chief executive officer now owns 172,801 shares of the company’s stock, valued at approximately $8,996,020.06. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.20% of the company’s stock.

Las Vegas Sands Price Performance

Shares of NYSE:LVS opened at $46.01 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 2.96. Las Vegas Sands Corp. has a fifty-two week low of $43.77 and a fifty-two week high of $65.58. The firm has a 50-day simple moving average of $51.74 and a 200 day simple moving average of $49.69. The company has a market cap of $34.28 billion, a PE ratio of 22.23, a P/E/G ratio of 0.86 and a beta of 1.16.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.13. Las Vegas Sands had a net margin of 13.99% and a return on equity of 42.34%. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the firm earned $0.28 EPS. The company’s revenue for the quarter was up 34.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Las Vegas Sands Corp. will post 2.65 EPS for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Monday, May 6th. Las Vegas Sands’s dividend payout ratio is presently 38.65%.

Analysts Set New Price Targets

A number of equities analysts have commented on LVS shares. Mizuho cut their price objective on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Citigroup boosted their price objective on shares of Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. JPMorgan Chase & Co. cut their price objective on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Jefferies Financial Group cut 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, April 18th. Finally, Wells Fargo & Company cut their target price on shares of Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.