Las Vegas Sands Corp. (NYSE:LVS) Stock Holdings Lifted by Horizon Investments LLC

Horizon Investments LLC lifted its position in Las Vegas Sands Corp. (NYSE:LVS) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,200 shares of the casino operator’s stock after acquiring an additional 277 shares during the period. Horizon Investments LLC’s holdings in Las Vegas Sands were worth $521,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in LVS. Bank of Jackson Hole Trust purchased a new position in Las Vegas Sands during the fourth quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB purchased a new position in Las Vegas Sands during the third quarter valued at approximately $26,000. UMB Bank n.a. grew its position in Las Vegas Sands by 73.5% during the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock valued at $30,000 after purchasing an additional 247 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Las Vegas Sands by 63.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 885 shares of the casino operator’s stock valued at $45,000 after purchasing an additional 342 shares in the last quarter. Finally, Kestra Investment Management LLC purchased a new position in Las Vegas Sands during the fourth quarter valued at approximately $47,000. 39.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LVS. Barclays lowered their price objective on shares of Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Citigroup lifted their target price on shares of Las Vegas Sands from $64.50 to $67.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Wells Fargo & Company reduced their target price on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Finally, Macquarie lifted 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 equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $59.42.

Las Vegas Sands Price Performance

Shares of Las Vegas Sands stock opened at $42.88 on Friday. The firm has a fifty day simple moving average of $44.14 and a 200-day simple moving average of $47.66. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $56.61. The stock has a market capitalization of $30.70 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 1.41 and a beta of 1.07.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. On average, sell-side analysts expect that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Monday, February 10th were paid a dividend of $0.25 per share. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 2.33%. The ex-dividend date was Monday, February 10th. Las Vegas Sands’s dividend payout ratio is presently 50.76%.

Las Vegas Sands 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.