Rockefeller Capital Management L.P. Trims Position in Las Vegas Sands Corp. (NYSE:LVS)

Rockefeller Capital Management L.P. lowered its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 18.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,147 shares of the casino operator’s stock after selling 2,899 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Las Vegas Sands were worth $675,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new position in shares of Las Vegas Sands in the fourth quarter valued at approximately $760,000. Abacus FCF Advisors LLC grew its position in Las Vegas Sands by 46.4% in the 4th quarter. Abacus FCF Advisors LLC now owns 88,762 shares of the casino operator’s stock valued at $4,559,000 after buying an additional 28,148 shares during the last quarter. Bank of Nova Scotia increased its stake in Las Vegas Sands by 2.2% in the 4th quarter. Bank of Nova Scotia now owns 47,153 shares of the casino operator’s stock valued at $2,422,000 after buying an additional 997 shares during the period. Polymer Capital Management HK LTD purchased a new position in Las Vegas Sands during the 4th quarter worth $2,311,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Las Vegas Sands by 26.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 155,217 shares of the casino operator’s stock valued at $7,972,000 after acquiring an additional 32,168 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LVS shares. Macquarie increased their target price on Las Vegas Sands from $57.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft reduced their target price on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Jefferies Financial Group raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and upped their price target for the stock from $60.00 to $69.00 in a research note on Friday, January 3rd. Wells Fargo & Company reduced 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. Finally, Morgan Stanley decreased their price objective on shares of Las Vegas Sands from $47.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $58.67.

Las Vegas Sands Trading Up 4.5 %

Shares of LVS stock opened at $34.01 on Wednesday. The company has a market capitalization of $24.03 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 1.41 and a beta of 0.99. 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 has a 50-day moving average price of $39.75 and a 200 day moving average price of $46.21. Las Vegas Sands Corp. has a twelve month low of $30.18 and a twelve month high of $56.61.

Las Vegas Sands (NYSE:LVS) last announced 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%. Research analysts forecast that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Increases Dividend

The firm also recently declared 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 represents a $1.00 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.20. Las Vegas Sands’s dividend payout ratio is currently 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.