Las Vegas Sands Corp. (NYSE:LVS) Shares Purchased by TCTC Holdings LLC

TCTC Holdings LLC raised its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 441,610 shares of the casino operator’s stock after purchasing an additional 1,246 shares during the period. TCTC Holdings LLC owned 0.06% of Las Vegas Sands worth $22,681,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of LVS. Janus Henderson Group PLC increased its position in shares of Las Vegas Sands by 159.6% in the third quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator’s stock worth $459,630,000 after acquiring an additional 5,612,975 shares in the last quarter. ARGA Investment Management LP increased its position in shares of Las Vegas Sands by 32.0% in the fourth quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator’s stock worth $333,911,000 after acquiring an additional 1,577,042 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of 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 acquiring an additional 1,389,963 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Las Vegas Sands in the fourth quarter worth $55,221,000. Finally, Suvretta Capital Management LLC acquired a new stake in shares of Las Vegas Sands in the third quarter worth $24,370,000. Institutional investors and hedge funds own 39.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LVS. Barclays decreased their target price 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. 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. Morgan Stanley decreased their target price on shares of Las Vegas Sands from $51.00 to $49.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft decreased their target price 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. Finally, JPMorgan Chase & Co. decreased their target price 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. Four 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, Las Vegas Sands has an average rating of “Moderate Buy” and an average price target of $59.42.

Las Vegas Sands Trading Up 0.8 %

NYSE LVS opened at $43.11 on Monday. Las Vegas Sands Corp. has a one year low of $36.62 and a one year high of $56.61. The company has a 50-day simple moving average of $44.64 and a 200-day simple moving average of $47.65. 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 firm has a market capitalization of $30.87 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, January 29th. The casino operator reported $0.54 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%. On average, equities analysts forecast 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 given a $0.25 dividend. The ex-dividend date was Monday, February 10th. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 2.32%. Las Vegas Sands’s dividend payout ratio (DPR) 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.