Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 3.7% during the 4th quarter, HoldingsChannel reports. The fund owned 71,967 shares of the casino operator’s stock after selling 2,745 shares during the period. Amalgamated Bank’s holdings in Las Vegas Sands were worth $3,696,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC boosted its position in Las Vegas Sands by 159.6% during the third 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 in the last quarter. ARGA Investment Management LP lifted its position in shares of Las Vegas Sands by 32.0% during the 4th quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator’s stock valued at $333,911,000 after buying an additional 1,577,042 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Las Vegas Sands by 13.5% during the 4th quarter. Bank of New York Mellon Corp now owns 11,662,548 shares of the casino operator’s stock valued at $598,988,000 after buying an additional 1,389,963 shares in the last quarter. Suvretta Capital Management LLC acquired a new stake in Las Vegas Sands in the 3rd quarter valued at $24,370,000. Finally, Bamco Inc. NY increased its holdings in Las Vegas Sands by 29.2% in the 3rd quarter. Bamco Inc. NY now owns 1,581,075 shares of the casino operator’s stock worth $79,591,000 after acquiring an additional 357,234 shares in the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on LVS shares. Citigroup increased their price objective on shares of Las Vegas Sands from $64.50 to $67.00 and gave the company a “buy” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. lowered their price objective on Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Macquarie increased their target price on Las Vegas Sands from $57.00 to $58.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Morgan Stanley decreased their target price on Las Vegas Sands from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Las Vegas Sands has an average rating of “Moderate Buy” and a consensus price target of $59.42.

Las Vegas Sands Stock Up 2.3 %

Shares of NYSE:LVS opened at $44.74 on Friday. Las Vegas Sands Corp. has a 52-week low of $36.62 and a 52-week high of $56.60. The stock has a market cap of $32.03 billion, a P/E ratio of 22.71, a PEG ratio of 1.41 and a beta of 1.08. The business has a fifty day moving average of $45.98 and a two-hundred day moving average of $47.25. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 3.35.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 earnings per share (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%. On average, research analysts expect that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.24%. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.20. Las Vegas Sands’s dividend payout ratio (DPR) is currently 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.