Las Vegas Sands Corp. (NYSE:LVS) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,904 shares of the casino operator’s stock after purchasing an additional 709 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Las Vegas Sands were worth $537,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Waldron Private Wealth LLC grew its stake in shares of Las Vegas Sands by 1.9% during the 4th quarter. Waldron Private Wealth LLC now owns 12,361 shares of the casino operator’s stock worth $608,000 after purchasing an additional 232 shares during the period. New York Life Investment Management LLC grew its stake in shares of Las Vegas Sands by 0.7% during the 3rd quarter. New York Life Investment Management LLC now owns 47,237 shares of the casino operator’s stock worth $2,165,000 after purchasing an additional 306 shares during the period. M&T Bank Corp grew its stake in shares of Las Vegas Sands by 1.4% during the 3rd quarter. M&T Bank Corp now owns 29,896 shares of the casino operator’s stock worth $1,370,000 after purchasing an additional 400 shares during the period. Venturi Wealth Management LLC grew its stake in shares of Las Vegas Sands by 150.4% during the 4th quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock worth $34,000 after purchasing an additional 409 shares during the period. Finally, Lindbrook Capital LLC grew its stake in shares of Las Vegas Sands by 12.7% during the 4th quarter. Lindbrook Capital LLC now owns 3,894 shares of the casino operator’s stock worth $192,000 after purchasing an additional 439 shares during the period. Institutional investors and hedge funds own 39.16% of the company’s stock.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $52.06, for a total value of $5,206,000.00. Following the completion of the sale, the chief executive officer now directly owns 172,801 shares of the company’s stock, valued at approximately $8,996,020.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on LVS shares. Citigroup raised their price objective on shares of Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Morgan Stanley increased their target price on Las Vegas Sands from $61.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. Wells Fargo & Company decreased their target price on Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. JPMorgan Chase & Co. decreased their target price on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $63.46.

Las Vegas Sands Trading Down 0.2 %

Shares of LVS stock opened at $45.45 on Friday. The stock’s fifty day moving average is $51.18 and its two-hundred day moving average is $49.65. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market capitalization of $33.86 billion, a P/E ratio of 21.96, a PEG ratio of 0.84 and a beta of 1.16. Las Vegas Sands Corp. has a fifty-two week low of $43.77 and a fifty-two week high of $65.58.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.13. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the company earned $0.28 EPS. The company’s revenue for the quarter was up 34.9% on a year-over-year basis. Research analysts expect that Las Vegas Sands Corp. will post 2.65 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Monday, May 6th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 38.65%.

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.