Mitsubishi UFJ Trust & Banking Corp Purchases 21,767 Shares of Las Vegas Sands Corp. $LVS

Mitsubishi UFJ Trust & Banking Corp raised its position in Las Vegas Sands Corp. (NYSE:LVS) by 8.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 281,430 shares of the casino operator’s stock after buying an additional 21,767 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Las Vegas Sands were worth $12,999,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in shares of Las Vegas Sands during the fourth quarter worth $26,000. DV Equities LLC acquired a new position in shares of Las Vegas Sands in the fourth quarter valued at about $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in shares of Las Vegas Sands in the fourth quarter valued at about $29,000. IFP Advisors Inc increased its position in Las Vegas Sands by 182.4% during the third quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock worth $36,000 after acquiring an additional 434 shares during the period. Finally, Wilmington Savings Fund Society FSB increased its position in Las Vegas Sands by 254.8% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock worth $36,000 after acquiring an additional 400 shares during the period. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Up 1.0%

Shares of NYSE LVS opened at $46.21 on Friday. The stock has a market capitalization of $29.93 billion, a P/E ratio of 17.98, a PEG ratio of 1.14 and a beta of 0.85. The stock’s fifty day moving average is $47.17 and its 200 day moving average is $51.80. Las Vegas Sands Corp. has a 52 week low of $44.21 and a 52 week high of $70.45. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.99 and a current ratio of 1.00.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.17). The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.31 billion. Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 EPS. Sell-side analysts forecast that Las Vegas Sands Corp. will post 3.09 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th were given a $0.30 dividend. The ex-dividend date was Tuesday, August 4th. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. Las Vegas Sands’s payout ratio is presently 46.69%.

Analyst Ratings Changes

LVS has been the subject of several analyst reports. Weiss Ratings cut shares of Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $62.00 target price (down from $73.00) on shares of Las Vegas Sands in a report on Thursday, July 23rd. JPMorgan Chase & Co. dropped their price target on shares of Las Vegas Sands from $64.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Seaport Research Partners cut their price target on Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Finally, Bank of America cut their price target on Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Ten investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Las Vegas Sands has a consensus rating of “Hold” and a consensus target price of $61.88.

About Las Vegas Sands

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.