Bank of Jackson Hole Trust Invests $26,000 in Las Vegas Sands Corp. (NYSE:LVS)

Bank of Jackson Hole Trust acquired a new position in Las Vegas Sands Corp. (NYSE:LVS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 500 shares of the casino operator’s stock, valued at approximately $26,000.

Several other large investors have also recently made changes to their positions in the stock. Janus Henderson Group PLC lifted its holdings in shares of Las Vegas Sands by 159.6% in the 3rd quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator’s stock worth $459,630,000 after acquiring an additional 5,612,975 shares during the last quarter. ARGA Investment Management LP lifted its holdings in shares of Las Vegas Sands by 32.0% in the 4th quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator’s stock worth $333,911,000 after acquiring an additional 1,577,042 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Las Vegas Sands by 1.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,627,422 shares of the casino operator’s stock worth $283,284,000 after acquiring an additional 77,807 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Las Vegas Sands by 2.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,659,427 shares of the casino operator’s stock worth $133,876,000 after acquiring an additional 57,739 shares during the last quarter. Finally, Bamco Inc. NY increased its stake in Las Vegas Sands by 29.2% during the 3rd quarter. Bamco Inc. NY now owns 1,581,075 shares of the casino operator’s stock worth $79,591,000 after buying an additional 357,234 shares during the period. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LVS shares. Wells Fargo & Company cut their target price on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Barclays cut 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 research note on Wednesday, January 29th. Mizuho upped their target price on shares of Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. UBS Group upped 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. Finally, Jefferies Financial Group raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and upped their target price for the stock from $60.00 to $69.00 in a research note on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Las Vegas Sands has an average rating of “Moderate Buy” and a consensus price target of $59.58.

Insider Activity at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 60,187 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $53.02, for a total transaction of $3,191,114.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.91% of the company’s stock.

Las Vegas Sands Trading Up 2.1 %

Shares of NYSE:LVS opened at $44.98 on Friday. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $56.60. The company’s 50 day moving average is $46.96 and its two-hundred day moving average is $47.02. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. The company has a market cap of $32.20 billion, a PE ratio of 22.83, a P/E/G ratio of 1.38 and a beta of 1.08.

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%. Equities analysts predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Monday, February 10th were 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 was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 2.22%. Las Vegas Sands’s dividend payout ratio (DPR) is 50.76%.

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.