Wilmington Savings Fund Society FSB Purchases 238 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Wilmington Savings Fund Society FSB increased its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 45.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 760 shares of the casino operator’s stock after acquiring an additional 238 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Las Vegas Sands were worth $39,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LVS. Janus Henderson Group PLC raised its holdings in Las Vegas Sands by 159.6% during the 3rd quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator’s stock worth $459,630,000 after purchasing an additional 5,612,975 shares during the last quarter. ARGA Investment Management LP raised its stake in shares of Las Vegas Sands by 32.0% during the fourth quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator’s stock worth $333,911,000 after buying an additional 1,577,042 shares during the last quarter. Suvretta Capital Management LLC acquired a new position in Las Vegas Sands in the third quarter valued at approximately $24,370,000. Bamco Inc. NY boosted its stake in Las Vegas Sands by 29.2% in the third quarter. Bamco Inc. NY now owns 1,581,075 shares of the casino operator’s stock valued at $79,591,000 after acquiring an additional 357,234 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in Las Vegas Sands by 82.2% during the 3rd quarter. Raymond James & Associates now owns 499,852 shares of the casino operator’s stock worth $25,163,000 after acquiring an additional 225,510 shares during the period. Institutional investors own 39.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Mizuho raised their price target on Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. decreased their target price on Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Citigroup lifted their price objective on shares of 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, Macquarie upped their target price on shares of Las Vegas Sands from $57.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $59.58.

Las Vegas Sands Trading Up 0.8 %

Shares of NYSE:LVS opened at $42.22 on Friday. The firm has a market cap of $30.61 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 1.32 and a beta of 1.08. Las Vegas Sands Corp. has a 12 month low of $36.62 and a 12 month high of $56.60. The company’s fifty day simple moving average is $48.24 and its 200 day simple moving average is $46.88. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a net margin of 12.80% and a return on equity of 43.76%. As a group, research analysts forecast that Las Vegas Sands Corp. will post 2.63 EPS for the current fiscal year.

Las Vegas Sands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th will be paid a $0.25 dividend. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 2.37%. Las Vegas Sands’s payout ratio is presently 40.61%.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 60,187 shares of Las Vegas Sands stock in a transaction on 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 document filed with the SEC, which is available through this hyperlink. Insiders own 0.91% of the company’s stock.

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.