Sumitomo Mitsui Trust Group Inc. Has $38.31 Million Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Sumitomo Mitsui Trust Group Inc. raised its stake in Las Vegas Sands Corp. (NYSE:LVS) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 745,994 shares of the casino operator’s stock after buying an additional 22,933 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.10% of Las Vegas Sands worth $38,314,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Las Vegas Sands in the 3rd quarter valued at approximately $26,000. CVA Family Office LLC grew its holdings in Las Vegas Sands by 118.8% during the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after purchasing an additional 304 shares during the period. UMB Bank n.a. increased its stake in 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 Las Vegas Sands in the third quarter worth $34,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Las Vegas Sands during the third quarter worth $43,000. Institutional investors and hedge funds own 39.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on LVS shares. Susquehanna upped their price objective on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft lowered their price target on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Macquarie lifted their price objective on Las Vegas Sands from $57.00 to $58.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Morgan Stanley reissued an “equal weight” rating and set a $51.00 target price (down from $54.00) on shares of Las Vegas Sands in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company cut their price target on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.58.

Las Vegas Sands Stock Down 3.1 %

Shares of LVS stock opened at $41.66 on Tuesday. The firm’s fifty day moving average price is $49.02 and its two-hundred day moving average price is $46.89. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 year high of $56.60. The firm has a market capitalization of $30.20 billion, a P/E ratio of 21.14, a PEG ratio of 1.32 and a beta of 1.08.

Las Vegas Sands (NYSE:LVS) last released 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 net margin of 12.80% and a return on equity of 43.76%. On average, equities analysts predict that Las Vegas Sands Corp. will post 2.63 EPS for the current fiscal year.

Las Vegas Sands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.40%. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.20. Las Vegas Sands’s dividend payout ratio is currently 40.61%.

Insider Activity

In other news, CEO Robert G. Goldstein sold 60,187 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is currently owned by insiders.

Las Vegas Sands 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.