Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 23.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 956,026 shares of the casino operator’s stock after selling 287,726 shares during the period. Wells Fargo & Company MN’s holdings in Las Vegas Sands were worth $49,101,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in LVS. Norges Bank acquired a new position in shares of Las Vegas Sands in the 4th quarter worth approximately $216,571,000. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Las Vegas Sands by 29.8% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,382,267 shares of the casino operator’s stock worth $481,873,000 after purchasing an additional 2,152,829 shares during the last quarter. ARGA Investment Management LP grew its stake in shares of Las Vegas Sands by 32.0% in the 4th quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator’s stock worth $333,911,000 after purchasing an additional 1,577,042 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Las Vegas Sands by 13.5% in the 4th 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 last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Las Vegas Sands in the fourth quarter worth approximately $55,221,000. Institutional investors and hedge funds own 39.16% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price target on 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. Citigroup upped their price objective 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. 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. JPMorgan Chase & Co. lowered their target price on 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. Finally, Wells Fargo & Company reduced their price target 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. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.42.

Las Vegas Sands Stock Up 9.9 %

LVS opened at $33.74 on Thursday. Las Vegas Sands Corp. has a 1-year low of $30.18 and a 1-year high of $56.61. 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 market capitalization of $23.84 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 1.41 and a beta of 0.99. The business has a 50 day moving average of $41.60 and a 200-day moving average of $47.28.

Las Vegas Sands (NYSE:LVS) last posted 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 net margin of 12.80% and a return on equity of 45.82%. As a group, 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 company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Monday, February 10th were given a $0.25 dividend. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 2.96%. The ex-dividend date was Monday, February 10th. Las Vegas Sands’s dividend payout ratio (DPR) is 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.