Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its position in shares of Las Vegas Sands Corp. (NYSE:LVS – Free Report) by 20.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,063 shares of the casino operator’s stock after selling 13,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Las Vegas Sands were worth $3,454,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH grew its position in Las Vegas Sands by 358.4% during the third quarter. Allianz Asset Management GmbH now owns 227,278 shares of the casino operator’s stock valued at $12,225,000 after acquiring an additional 177,695 shares during the period. Wealthfront Advisers LLC grew its position in Las Vegas Sands by 40.6% during the fourth quarter. Wealthfront Advisers LLC now owns 67,446 shares of the casino operator’s stock valued at $4,390,000 after acquiring an additional 19,488 shares during the period. Perpetual Ltd purchased a new stake in Las Vegas Sands during the fourth quarter valued at about $2,051,000. Crossmark Global Holdings Inc. grew its position in Las Vegas Sands by 411.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 44,208 shares of the casino operator’s stock valued at $2,877,000 after acquiring an additional 35,566 shares during the period. Finally, SG Americas Securities LLC grew its position in Las Vegas Sands by 2,655.3% during the fourth quarter. SG Americas Securities LLC now owns 878,022 shares of the casino operator’s stock valued at $57,150,000 after acquiring an additional 846,155 shares during the period. Hedge funds and other institutional investors own 39.16% of the company’s stock.
Las Vegas Sands Trading Up 1.1%
NYSE:LVS opened at $50.80 on Tuesday. The company has a debt-to-equity ratio of 8.64, a quick ratio of 0.91 and a current ratio of 0.92. Las Vegas Sands Corp. has a one year low of $40.03 and a one year high of $70.45. The business’s 50-day simple moving average is $52.84 and its 200 day simple moving average is $57.72. The stock has a market cap of $33.66 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 1.14 and a beta of 0.81.
Las Vegas Sands Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were paid a $0.30 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $1.20 annualized dividend and a dividend yield of 2.4%. Las Vegas Sands’s payout ratio is 44.44%.
Insider Activity at Las Vegas Sands
In related news, CEO Patrick Dumont sold 60,165 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total value of $3,294,033.75. Following the transaction, the chief executive officer owned 511,942 shares in the company, valued at approximately $28,028,824.50. The trade was a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.55% of the company’s stock.
Wall Street Analyst Weigh In
LVS has been the subject of several analyst reports. Wells Fargo & Company decreased their target price on Las Vegas Sands from $68.00 to $65.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. Mizuho upped their target price on Las Vegas Sands from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Jefferies Financial Group upped their target price on Las Vegas Sands from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Thursday, April 23rd. Wall Street Zen downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Finally, JPMorgan Chase & Co. decreased their target price on Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $67.91.
Get Our Latest Stock Report on LVS
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.
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