Allspring Global Investments Holdings LLC Sells 927 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Allspring Global Investments Holdings LLC reduced its stake in Las Vegas Sands Corp. (NYSE:LVS) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,482 shares of the casino operator’s stock after selling 927 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Las Vegas Sands were worth $773,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Empowered Funds LLC increased its holdings in Las Vegas Sands by 3.6% in the 3rd quarter. Empowered Funds LLC now owns 6,050 shares of the casino operator’s stock valued at $305,000 after acquiring an additional 213 shares during the last quarter. Raymond James Trust N.A. increased its holdings in Las Vegas Sands by 4.7% in the 3rd quarter. Raymond James Trust N.A. now owns 5,062 shares of the casino operator’s stock valued at $255,000 after acquiring an additional 229 shares during the last quarter. Wilmington Savings Fund Society FSB increased its holdings in Las Vegas Sands by 45.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 760 shares of the casino operator’s stock valued at $39,000 after acquiring an additional 238 shares during the last quarter. UMB Bank n.a. increased its holdings in Las Vegas Sands by 73.5% in the 4th quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock valued at $30,000 after acquiring an additional 247 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in Las Vegas Sands by 7.8% in the 3rd quarter. Signaturefd LLC now owns 3,510 shares of the casino operator’s stock valued at $177,000 after acquiring an additional 253 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on LVS shares. UBS Group lifted their price target on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Jefferies Financial Group raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $60.00 to $69.00 in a research note on Friday, January 3rd. Wells Fargo & Company dropped their price objective on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. JPMorgan Chase & Co. dropped their price objective on shares of Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.58.

Las Vegas Sands Price Performance

LVS stock opened at $44.00 on Monday. The stock has a market cap of $31.50 billion, a PE ratio of 22.34, a P/E/G ratio of 1.41 and a beta of 1.08. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. Las Vegas Sands Corp. has a 12 month low of $36.62 and a 12 month high of $56.60. The company has a 50-day moving average price of $46.76 and a 200 day moving average price of $47.18.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a net margin of 12.80% and a return on equity of 45.82%. Equities research analysts anticipate that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Monday, February 10th. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.20. Las Vegas Sands’s payout ratio is 50.76%.

Insiders Place Their Bets

In other news, CEO Robert G. Goldstein sold 60,187 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.91% of the stock is owned by insiders.

About Las Vegas Sands

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.