Las Vegas Sands Corp. (NYSE:LVS) Stock Position Increased by TCTC Holdings LLC

TCTC Holdings LLC boosted its position in Las Vegas Sands Corp. (NYSE:LVS) by 0.3% during the 4th quarter, HoldingsChannel reports. The firm owned 441,610 shares of the casino operator’s stock after buying an additional 1,246 shares during the quarter. TCTC Holdings LLC’s holdings in Las Vegas Sands were worth $22,681,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Cibc World Markets Corp raised its position in shares of Las Vegas Sands by 13.8% during the 4th quarter. Cibc World Markets Corp now owns 55,848 shares of the casino operator’s stock worth $2,868,000 after buying an additional 6,790 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Las Vegas Sands by 10.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,023 shares of the casino operator’s stock worth $258,000 after buying an additional 474 shares in the last quarter. Catalyst Funds Management Pty Ltd raised its position in shares of Las Vegas Sands by 8.3% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 5,200 shares of the casino operator’s stock worth $267,000 after buying an additional 400 shares in the last quarter. Madison Investment Advisors LLC bought a new stake in shares of Las Vegas Sands during the 4th quarter worth about $20,164,000. Finally, Achmea Investment Management B.V. bought a new stake in shares of Las Vegas Sands during the 4th quarter worth about $1,039,000. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Stock Performance

Shares of LVS opened at $43.11 on Monday. The company’s 50 day moving average price is $44.64 and its 200 day moving average price is $47.65. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $56.61. The company has a market capitalization of $30.87 billion, a PE ratio of 21.88, a PEG ratio of 1.41 and a beta of 1.07. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 0.74.

Las Vegas Sands (NYSE:LVS) last announced 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 net margin of 12.80% and a return on equity of 45.82%. Research analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.32%. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, February 10th. Las Vegas Sands’s payout ratio is currently 50.76%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wells Fargo & Company dropped 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 report on Thursday, January 30th. Macquarie boosted their target price on shares of Las Vegas Sands from $57.00 to $58.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Barclays dropped their target price on shares of Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Morgan Stanley dropped their target price on shares of Las Vegas Sands from $51.00 to $49.00 and set an “equal weight” rating on the stock in a report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a report 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.