Tokio Marine Asset Management Co. Ltd. Raises Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 4.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,042 shares of the casino operator’s stock after purchasing an additional 636 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Las Vegas Sands were worth $721,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. New Wave Wealth Advisors LLC purchased a new stake in Las Vegas Sands during the 4th quarter valued at $183,000. Mediolanum International Funds Ltd boosted its stake in Las Vegas Sands by 531.1% during the 4th quarter. Mediolanum International Funds Ltd now owns 172,006 shares of the casino operator’s stock valued at $8,699,000 after purchasing an additional 144,749 shares during the last quarter. Manning & Napier Advisors LLC boosted its stake in Las Vegas Sands by 78.8% during the 4th quarter. Manning & Napier Advisors LLC now owns 86,508 shares of the casino operator’s stock valued at $4,443,000 after purchasing an additional 38,119 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Las Vegas Sands by 4.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 81,751 shares of the casino operator’s stock valued at $4,199,000 after purchasing an additional 3,484 shares during the last quarter. Finally, KBC Group NV boosted its stake in Las Vegas Sands by 15.9% during the 4th quarter. KBC Group NV now owns 23,940 shares of the casino operator’s stock valued at $1,230,000 after purchasing an additional 3,293 shares during the last quarter. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LVS has been the topic of several recent analyst reports. UBS Group raised 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. Citigroup raised their price target on Las Vegas Sands from $64.50 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Stifel Nicolaus raised their price target on Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. dropped their price target 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, 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 note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.58.

Insider Transactions at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 24,324 shares of Las Vegas Sands stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $52.00, for a total value of $1,264,848.00. Following the sale, the chief executive officer now directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert G. Goldstein sold 60,187 shares of Las Vegas Sands stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $53.02, for a total value of $3,191,114.74. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Las Vegas Sands Price Performance

NYSE:LVS opened at $44.63 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. The business’s 50-day simple moving average is $49.69 and its two-hundred day simple moving average is $46.82. The stock has a market cap of $32.36 billion, a PE ratio of 22.65, a P/E/G ratio of 1.40 and a beta of 1.08. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $56.60.

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 analysts’ consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a net margin of 12.80% and a return on equity of 43.76%. As a group, analysts forecast that Las Vegas Sands Corp. will post 2.69 EPS for the current fiscal year.

Las Vegas Sands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, February 10th. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 2.24%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 40.61%.

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.