New York Life Investment Management LLC Buys 5,285 Shares of Las Vegas Sands Corp. (NYSE:LVS)

New York Life Investment Management LLC increased its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 11.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,522 shares of the casino operator’s stock after acquiring an additional 5,285 shares during the quarter. New York Life Investment Management LLC’s holdings in Las Vegas Sands were worth $2,585,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LVS. California Public Employees Retirement System increased its holdings in Las Vegas Sands by 4.9% in the 3rd quarter. California Public Employees Retirement System now owns 652,220 shares of the casino operator’s stock valued at $29,898,000 after buying an additional 30,500 shares during the period. Nordea Investment Management AB increased its holdings in Las Vegas Sands by 182.9% in the 4th quarter. Nordea Investment Management AB now owns 698,686 shares of the casino operator’s stock valued at $34,264,000 after buying an additional 451,710 shares during the period. DNB Asset Management AS increased its holdings in Las Vegas Sands by 50.4% in the 4th quarter. DNB Asset Management AS now owns 672,905 shares of the casino operator’s stock valued at $33,114,000 after buying an additional 225,351 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its holdings in Las Vegas Sands by 15.6% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,195 shares of the casino operator’s stock valued at $467,000 after buying an additional 1,379 shares during the period. Finally, AM Squared Ltd bought a new stake in Las Vegas Sands in the 4th quarter valued at $3,076,000. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Up 0.5 %

Shares of NYSE LVS opened at $46.87 on Monday. The firm’s 50-day simple moving average is $50.34 and its 200 day simple moving average is $49.69. The company has a market cap of $34.92 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 0.87 and a beta of 1.18. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 2.96. Las Vegas Sands Corp. has a 12-month low of $43.77 and a 12-month high of $63.51.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.13. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.94 billion. Las Vegas Sands had a net margin of 13.99% and a return on equity of 42.34%. The company’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS. On average, research analysts expect that Las Vegas Sands Corp. will post 2.63 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Monday, May 6th. Las Vegas Sands’s dividend payout ratio is presently 38.65%.

Insider Buying and Selling at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 100,000 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 172,801 shares in the company, valued at approximately $8,996,020.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

LVS has been the topic of several recent analyst reports. Wells Fargo & Company reduced 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. Morgan Stanley boosted their target price on shares of Las Vegas Sands from $61.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. 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, April 18th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Finally, Stifel Nicolaus reduced their target price on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average 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.