Las Vegas Sands Corp. (LVS) Holdings Cut by National Pension Service

National Pension Service lowered its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 419,309 shares of the casino operator’s stock after selling 17,136 shares during the quarter. National Pension Service owned about 0.05% of Las Vegas Sands worth $29,138,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. San Francisco Sentry Investment Group CA bought a new stake in Las Vegas Sands during the third quarter worth approximately $181,000. Steward Partners Investment Advisory LLC bought a new stake in Las Vegas Sands during the third quarter worth approximately $198,000. Chase Investment Counsel Corp bought a new stake in Las Vegas Sands during the third quarter worth approximately $200,000. SevenBridge Financial Group LLC boosted its position in Las Vegas Sands by 199.5% during the third quarter. SevenBridge Financial Group LLC now owns 3,250 shares of the casino operator’s stock worth $209,000 after purchasing an additional 2,165 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Las Vegas Sands in the third quarter valued at approximately $209,000. 37.45% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Corp. (NYSE LVS) opened at $73.73 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.07 and a quick ratio of 1.05. The company has a market capitalization of $58,108.18, a price-to-earnings ratio of 27.82 and a beta of 1.80. Las Vegas Sands Corp. has a 12 month low of $51.35 and a 12 month high of $74.25.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, October 25th. The casino operator reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.10. The business had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.14 billion. Las Vegas Sands had a return on equity of 31.11% and a net margin of 16.80%. Las Vegas Sands’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 earnings per share. research analysts predict that Las Vegas Sands Corp. will post 2.9 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Thursday, December 21st were paid a $0.73 dividend. The ex-dividend date was Wednesday, December 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 3.96%. Las Vegas Sands’s payout ratio is 110.19%.

LVS has been the subject of several research reports. Zacks Investment Research raised Las Vegas Sands from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Friday, October 13th. Deutsche Bank increased their price objective on Las Vegas Sands from $54.00 to $57.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Roth Capital initiated coverage on Las Vegas Sands in a research report on Wednesday, October 25th. They issued a “buy” rating and a $69.00 price objective for the company. Stifel Nicolaus reissued a “buy” rating and issued a $76.00 price objective on shares of Las Vegas Sands in a research report on Tuesday, January 9th. Finally, Barclays increased their price objective on Las Vegas Sands from $69.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, December 7th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $66.26.

In other news, Director George Jamieson bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was acquired at an average cost of $66.96 per share, for a total transaction of $66,960.00. Following the completion of the purchase, the director now owns 6,488 shares of the company’s stock, valued at approximately $434,436.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 10.10% of the company’s stock.

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Las Vegas Sands Company Profile

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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