Gallacher Capital Management LLC Cuts Stake in Las Vegas Sands Corp. (NYSE:LVS)

Gallacher Capital Management LLC reduced its position in Las Vegas Sands Corp. (NYSE:LVS) by 10.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,442 shares of the casino operator’s stock after selling 1,266 shares during the period. Gallacher Capital Management LLC’s holdings in Las Vegas Sands were worth $588,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of LVS. Bank of Jackson Hole Trust purchased a new position in Las Vegas Sands in the fourth quarter valued at about $26,000. Wilmington Savings Fund Society FSB acquired a new position in Las Vegas Sands in the third quarter worth $26,000. UMB Bank n.a. boosted its holdings 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 period. Smartleaf Asset Management LLC boosted its stake in Las Vegas Sands by 63.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 885 shares of the casino operator’s stock valued at $45,000 after acquiring an additional 342 shares during the period. Finally, Kestra Investment Management LLC acquired a new position in Las Vegas Sands during the 4th quarter valued at approximately $47,000. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LVS has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Barclays cut 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. Wells Fargo & Company reduced their target price on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Morgan Stanley reduced their price target on shares of Las Vegas Sands from $51.00 to $49.00 and set an “equal weight” rating for the company in a research report on Monday, February 24th. Finally, Macquarie increased 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 report on Wednesday, January 29th. Four research 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.42.

Las Vegas Sands Trading Up 0.8 %

Shares of NYSE LVS opened at $43.11 on Friday. The company’s fifty day moving average is $44.64 and its 200-day moving average is $47.59. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 3.35. The stock has a market cap of $30.87 billion, a price-to-earnings ratio of 21.88, a P/E/G ratio of 1.41 and a beta of 1.07. Las Vegas Sands Corp. has a twelve month low of $36.62 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 EPS 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%. Equities research analysts predict 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. Stockholders of record on Monday, February 10th were given a $0.25 dividend. 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. This represents a $1.00 annualized dividend and a dividend yield of 2.32%. Las Vegas Sands’s dividend 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.