denkapparat Operations GmbH Makes New Investment in Las Vegas Sands Corp. (NYSE:LVS)

denkapparat Operations GmbH bought a new position in Las Vegas Sands Corp. (NYSE:LVS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,762 shares of the casino operator’s stock, valued at approximately $296,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fisher Asset Management LLC grew its holdings in Las Vegas Sands by 1.2% during the 4th quarter. Fisher Asset Management LLC now owns 13,810,351 shares of the casino operator’s stock valued at $709,300,000 after purchasing an additional 160,711 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Las Vegas Sands by 13.5% in the fourth quarter. Bank of New York Mellon Corp now owns 11,662,548 shares of the casino operator’s stock worth $598,988,000 after purchasing an additional 1,389,963 shares during the period. Janus Henderson Group PLC grew its stake in shares of Las Vegas Sands by 159.6% in the 3rd quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator’s stock worth $459,630,000 after purchasing an additional 5,612,975 shares during the last quarter. ARGA Investment Management LP lifted its holdings in shares of Las Vegas Sands by 32.0% during the fourth quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator’s stock valued at $333,911,000 after purchasing an additional 1,577,042 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Las Vegas Sands in the fourth quarter worth $216,571,000. Institutional investors and hedge funds own 39.16% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. 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. Barclays decreased their target price on Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Citigroup raised their target price on shares of Las Vegas Sands from $64.50 to $67.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Macquarie upped their target price on shares of Las Vegas Sands from $57.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.42.

Las Vegas Sands Stock Performance

NYSE:LVS opened at $40.35 on Friday. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 0.74. The stock’s fifty day moving average is $43.68 and its 200 day moving average is $47.71. Las Vegas Sands Corp. has a fifty-two week low of $36.62 and a fifty-two week high of $56.61. The firm has a market capitalization of $28.89 billion, a PE ratio of 20.48, a PEG ratio of 1.41 and a beta of 1.07.

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

Las Vegas Sands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend was Monday, February 10th. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.20. Las Vegas Sands’s dividend payout ratio is currently 50.76%.

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.