Las Vegas Sands Corp. (NYSE:LVS) Position Increased by US Bancorp DE

US Bancorp DE grew its position in Las Vegas Sands Corp. (NYSE:LVS) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,191 shares of the casino operator’s stock after buying an additional 1,933 shares during the quarter. US Bancorp DE’s holdings in Las Vegas Sands were worth $5,916,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in Las Vegas Sands in the 3rd quarter worth approximately $26,000. Bank of Jackson Hole Trust acquired a new stake in Las Vegas Sands during the 4th quarter valued at $26,000. UMB Bank n.a. lifted its holdings in shares of Las Vegas Sands by 73.5% in the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock valued at $30,000 after purchasing an additional 247 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Las Vegas Sands in the third quarter worth $34,000. Finally, Vestor Capital LLC purchased a new position in shares of Las Vegas Sands during the third quarter valued at $43,000. 39.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LVS. Deutsche Bank Aktiengesellschaft reduced their price objective on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Wells Fargo & Company reduced their price target on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Barclays lowered their price objective on shares of Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Macquarie upped their price objective on shares of Las Vegas Sands from $57.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley decreased their target price on shares of Las Vegas Sands from $51.00 to $49.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus price target of $59.42.

Las Vegas Sands Stock Performance

Shares of NYSE LVS opened at $45.11 on Wednesday. The business’s 50-day simple moving average is $45.72 and its 200-day simple moving average is $47.44. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 0.74. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $56.60. The firm has a market cap of $32.30 billion, a price-to-earnings ratio of 22.90, a P/E/G ratio of 1.41 and a beta of 1.08.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share (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%. As a group, equities research analysts expect that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal 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 paid a $0.25 dividend. The ex-dividend date 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 dividend on an annualized basis and a yield of 2.22%. Las Vegas Sands’s dividend payout ratio (DPR) 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.