Blair William & Co. IL Lowers Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

Blair William & Co. IL cut its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 27.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,474 shares of the casino operator’s stock after selling 8,653 shares during the quarter. Blair William & Co. IL’s holdings in Las Vegas Sands were worth $1,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oppenheimer & Co. Inc. grew its position in Las Vegas Sands by 3.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 6,505 shares of the casino operator’s stock worth $334,000 after acquiring an additional 231 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of 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 worth $39,000 after purchasing an additional 238 shares in the last quarter. UMB Bank n.a. increased its position in shares of Las Vegas Sands by 73.5% during the 4th quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock valued at $30,000 after purchasing an additional 247 shares during the last quarter. E Fund Management Co. Ltd. raised its holdings in shares of Las Vegas Sands by 4.7% during the 4th quarter. E Fund Management Co. Ltd. now owns 5,595 shares of the casino operator’s stock valued at $287,000 after buying an additional 250 shares in the last quarter. Finally, Horizon Investments LLC lifted its position in Las Vegas Sands by 2.8% in the 4th quarter. Horizon Investments LLC now owns 10,200 shares of the casino operator’s stock worth $521,000 after buying an additional 277 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Analyst Upgrades and Downgrades

LVS has been the topic of several research reports. Macquarie lifted their price target on shares of Las Vegas Sands from $57.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Barclays lowered their price target on shares of Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Morgan Stanley decreased their price objective on Las Vegas Sands from $51.00 to $49.00 and set an “equal weight” rating on the stock in a report on Monday, February 24th. JPMorgan Chase & Co. reduced their price target on Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company lowered their price objective on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.42.

Las Vegas Sands Trading Down 0.3 %

Shares of LVS opened at $39.04 on Thursday. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $56.61. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. The firm’s 50-day moving average price is $43.22 and its 200-day moving average price is $47.74. The firm has a market capitalization of $27.95 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 1.41 and a beta of 1.07.

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

Las Vegas Sands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were paid a dividend of $0.25 per share. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 2.56%. Las Vegas Sands’s payout ratio is presently 50.76%.

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.