Forsta AP Fonden Sells 10,600 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Forsta AP Fonden reduced its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 5.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 194,900 shares of the casino operator’s stock after selling 10,600 shares during the quarter. Forsta AP Fonden’s holdings in Las Vegas Sands were worth $10,010,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in Las Vegas Sands in the 3rd quarter worth $26,000. CVA Family Office LLC grew its holdings in shares of Las Vegas Sands by 118.8% during the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after acquiring an additional 304 shares during the period. UMB Bank n.a. raised 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 worth $30,000 after acquiring an additional 247 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Las Vegas Sands during the third quarter valued at approximately $34,000. Finally, GAMMA Investing LLC grew its stake in Las Vegas Sands by 40.1% in the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after purchasing an additional 243 shares during the period. 39.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LVS. Deutsche Bank Aktiengesellschaft reduced their target price 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. Wells Fargo & Company lowered their target price on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Thursday. UBS Group upped their price target on Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Mizuho lifted their price objective on Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Citigroup lifted their price target on Las Vegas Sands from $64.50 to $67.00 and gave the stock a “buy” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $59.58.

Las Vegas Sands Stock Up 11.1 %

Las Vegas Sands stock opened at $48.26 on Friday. Las Vegas Sands Corp. has a one year low of $36.62 and a one year high of $56.60. The stock has a fifty day moving average of $49.94 and a 200 day moving average of $46.70. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90. The stock has a market cap of $34.99 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 1.00 and a beta of 1.09.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. As a group, sell-side analysts predict that Las Vegas Sands Corp. will post 2.36 EPS for the current year.

Las Vegas Sands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th will be given a dividend of $0.25 per share. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.07%. Las Vegas Sands’s payout ratio is presently 40.61%.

Insider Transactions at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 60,187 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $53.02, for a total transaction of $3,191,114.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert G. Goldstein sold 24,324 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the completion of the transaction, the chief executive officer now owns 60,187 shares of the company’s stock, valued at approximately $3,129,724. The trade was a 28.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.91% of the stock is currently owned by company insiders.

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.