Las Vegas Sands Corp. (NYSE:LVS) Shares Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co grew its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 14.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 37,887 shares of the casino operator’s stock after acquiring an additional 4,798 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Las Vegas Sands were worth $1,946,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LVS. Oppenheimer & Co. Inc. increased its stake 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 valued at $334,000 after purchasing an additional 231 shares during 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 valued at $39,000 after buying an additional 238 shares in the last quarter. UMB Bank n.a. grew its position in shares of 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 buying an additional 247 shares during the last quarter. E Fund Management Co. Ltd. raised its stake in 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 worth $287,000 after acquiring an additional 250 shares in the last quarter. Finally, Horizon Investments LLC lifted its position in Las Vegas Sands by 2.8% in the fourth quarter. Horizon Investments LLC now owns 10,200 shares of the casino operator’s stock valued at $521,000 after acquiring an additional 277 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

Shares of LVS stock opened at $38.15 on Friday. 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 stock has a 50 day simple moving average of $43.56 and a 200-day simple moving average of $47.76. The company has a market cap of $27.31 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $56.61.

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 return on equity of 45.82% and a net margin of 12.80%. On average, equities analysts forecast 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. Investors of record on Monday, February 10th were paid a $0.25 dividend. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 2.62%. Las Vegas Sands’s dividend payout ratio (DPR) is 50.76%.

Analysts Set New Price Targets

LVS has been the topic of several research reports. Morgan Stanley dropped 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. Macquarie boosted their price objective on Las Vegas Sands from $57.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Wells Fargo & Company lowered their target price on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Citigroup upped their price target on shares of Las Vegas Sands from $64.50 to $67.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Four 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 stock presently has an average rating of “Moderate Buy” and a consensus target price of $59.42.

Las Vegas Sands 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.