Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC reduced its position in Las Vegas Sands Corp. (NYSE:LVS) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,857 shares of the casino operator’s stock after selling 348 shares during the quarter. New York Life Investment Management LLC’s holdings in Las Vegas Sands were worth $2,407,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Los Angeles Capital Management LLC acquired a new stake in shares of Las Vegas Sands in the 4th quarter worth $12,506,000. Bank of New York Mellon Corp raised its stake in Las Vegas Sands by 13.5% in the fourth quarter. Bank of New York Mellon Corp now owns 11,662,548 shares of the casino operator’s stock valued at $598,988,000 after buying an additional 1,389,963 shares during the last quarter. World Equity Group Inc. boosted its holdings in Las Vegas Sands by 82.9% in the fourth quarter. World Equity Group Inc. now owns 25,602 shares of the casino operator’s stock worth $1,315,000 after acquiring an additional 11,602 shares in the last quarter. Paradigm Asset Management Co. LLC purchased a new stake in shares of Las Vegas Sands during the fourth quarter worth about $103,000. Finally, Waterfront Wealth Inc. increased its holdings in shares of Las Vegas Sands by 4.5% during the fourth quarter. Waterfront Wealth Inc. now owns 25,286 shares of the casino operator’s stock valued at $1,299,000 after acquiring an additional 1,093 shares in the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Stock Up 2.3 %

Las Vegas Sands stock opened at $44.74 on Monday. The business’s 50-day moving average price is $45.98 and its 200 day moving average price is $47.36. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 3.35. The firm has a market cap of $32.03 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 1.41 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 issued its quarterly earnings data 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 return on equity of 45.82% and a net margin of 12.80%. As a group, sell-side analysts anticipate that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 2.24%. Las Vegas Sands’s payout ratio is presently 50.76%.

Wall Street Analyst Weigh In

A number of research firms recently commented on LVS. UBS Group lifted their target price on shares of Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Morgan Stanley lowered their price objective 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. Jefferies Financial Group raised Las Vegas Sands from a “hold” rating to a “buy” rating and upped their target price for the company from $60.00 to $69.00 in a research report on Friday, January 3rd. Citigroup raised their target price 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. Finally, Barclays dropped their price target on Las Vegas Sands from $61.00 to $58.00 and set an “overweight” 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. According to data from MarketBeat.com, Las Vegas Sands has an average rating of “Moderate Buy” and an average price target of $59.42.

About Las Vegas Sands

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.