Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA cut its stake in shares of Las Vegas Sands Corp. (NYSE:LVSFree Report) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 448,500 shares of the casino operator’s stock after selling 8,400 shares during the period. Primecap Management Co. CA’s holdings in Las Vegas Sands were worth $22,071,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in LVS. Vanguard Group Inc. grew its position in Las Vegas Sands by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 32,634,143 shares of the casino operator’s stock valued at $1,495,949,000 after acquiring an additional 124,008 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Las Vegas Sands by 6.4% during the fourth quarter. Fisher Asset Management LLC now owns 11,275,127 shares of the casino operator’s stock worth $554,849,000 after buying an additional 680,575 shares during the period. Norges Bank acquired a new stake in Las Vegas Sands in the fourth quarter valued at approximately $266,538,000. ARGA Investment Management LP lifted its stake in Las Vegas Sands by 214.5% in the fourth quarter. ARGA Investment Management LP now owns 3,110,574 shares of the casino operator’s stock worth $153,071,000 after acquiring an additional 2,121,546 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Las Vegas Sands by 3.6% in the 3rd quarter. Northern Trust Corp now owns 2,873,525 shares of the casino operator’s stock valued at $131,722,000 after purchasing an additional 98,658 shares during the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Jefferies Financial Group decreased their target price on Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating for the company in a research note on Thursday, April 18th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Citigroup raised their price objective on Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Barclays reduced their target price on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Finally, Wells Fargo & Company dropped their price target on 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. Based on data from MarketBeat, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.46.

View Our Latest Stock Analysis on LVS

Insider Buying and Selling

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the business’s stock in a transaction on 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Las Vegas Sands Stock Performance

Shares of NYSE LVS traded up $0.08 during mid-day trading on Friday, hitting $44.88. 5,878,123 shares of the company were exchanged, compared to its average volume of 5,002,287. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 2.96. The firm has a market cap of $33.44 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 0.84 and a beta of 1.18. The stock has a 50 day simple moving average of $48.58 and a 200-day simple moving average of $49.56. Las Vegas Sands Corp. has a 1-year low of $43.77 and a 1-year high of $61.25.

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

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th were paid a $0.20 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.78%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 38.65%.

Las Vegas Sands Company Profile

(Free Report)

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.

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

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