Sumitomo Life Insurance Co. lessened its stake in Las Vegas Sands Corp. (NYSE:LVS) by 4.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 29,192 shares of the casino operator’s stock after selling 1,418 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Las Vegas Sands were worth $2,029,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in LVS. Janus Henderson Group PLC grew its stake in Las Vegas Sands by 183.0% in the 2nd quarter. Janus Henderson Group PLC now owns 3,241,450 shares of the casino operator’s stock worth $207,090,000 after buying an additional 2,095,879 shares in the last quarter. Investec Asset Management LTD lifted its holdings in shares of Las Vegas Sands by 90.9% in the 3rd quarter. Investec Asset Management LTD now owns 3,437,448 shares of the casino operator’s stock worth $220,547,000 after acquiring an additional 1,637,248 shares during the last quarter. Maverick Capital Ltd. lifted its holdings in shares of Las Vegas Sands by 169.2% in the 2nd quarter. Maverick Capital Ltd. now owns 1,369,589 shares of the casino operator’s stock worth $87,503,000 after acquiring an additional 860,856 shares during the last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of Las Vegas Sands by 49.4% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,859,527 shares of the casino operator’s stock worth $119,307,000 after acquiring an additional 614,622 shares during the last quarter. Finally, Impala Asset Management LLC bought a new stake in shares of Las Vegas Sands in the 3rd quarter worth approximately $37,063,000. 37.26% of the stock is owned by institutional investors and hedge funds.

Shares of Las Vegas Sands Corp. (NYSE:LVS) opened at $78.21 on Friday. Las Vegas Sands Corp. has a 1-year low of $51.35 and a 1-year high of $79.84. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 1.38. The company has a market cap of $61,278.00 and a price-to-earnings ratio of 25.50.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, January 24th. The casino operator reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.11. Las Vegas Sands had a net margin of 21.78% and a return on equity of 34.76%. The company had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same period in the prior year, the business posted $0.62 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. equities analysts anticipate that Las Vegas Sands Corp. will post 3.33 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 22nd will be given a dividend of $0.75 per share. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.73. This represents a $3.00 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Wednesday, March 21st. Las Vegas Sands’s payout ratio is presently 82.49%.

A number of equities research analysts have recently weighed in on the stock. Roth Capital boosted their price objective on shares of Las Vegas Sands from $69.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Bank of America boosted their price objective on shares of Las Vegas Sands from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Barclays boosted their price objective on shares of Las Vegas Sands to $85.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. JPMorgan Chase & Co. boosted their price objective on shares of Las Vegas Sands from $63.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $88.00 price objective (up from $76.00) on shares of Las Vegas Sands in a report on Thursday, January 25th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Las Vegas Sands currently has an average rating of “Buy” and a consensus target price of $70.54.

In related news, Director George Jamieson acquired 1,000 shares of Las Vegas Sands stock in a transaction on Tuesday, November 14th. The shares were acquired at an average cost of $66.96 per share, with a total value of $66,960.00. Following the transaction, the director now owns 6,488 shares in the company, valued at $434,436.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 10.10% of the stock is currently owned by insiders.

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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.

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

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