SVB Wealth LLC Buys New Position in Las Vegas Sands Corp. (NYSE:LVS)

SVB Wealth LLC bought a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,287 shares of the casino operator’s stock, valued at approximately $631,000.

Several other large investors also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new stake in Las Vegas Sands in the third quarter worth about $26,000. Bank of Jackson Hole Trust purchased a new stake in Las Vegas Sands in the fourth quarter worth about $26,000. UMB Bank n.a. increased its position in Las Vegas Sands by 73.5% in the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock worth $30,000 after buying an additional 247 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Las Vegas Sands in the third quarter worth about $34,000. Finally, Vestor Capital LLC purchased a new stake in Las Vegas Sands in the third quarter worth about $43,000. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Stock Up 1.6 %

LVS opened at $45.41 on Tuesday. The firm has a 50-day simple moving average of $45.86 and a two-hundred day simple moving average of $47.40. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $56.60. The company has a market capitalization of $32.51 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 1.41 and a beta of 1.08. 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 posted its earnings results 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 net margin of 12.80% and a return on equity of 45.82%. Analysts forecast that Las Vegas Sands Corp. will post 2.6 earnings per share 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. Investors of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.20%. Las Vegas Sands’s dividend payout ratio (DPR) is 50.76%.

Analysts Set New Price Targets

A number of brokerages have commented on LVS. UBS Group upped their price target on Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Jefferies Financial Group upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and raised their price objective for the company from $60.00 to $69.00 in a research report on Friday, January 3rd. Morgan Stanley decreased their price objective on shares of 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, JPMorgan Chase & Co. decreased their price objective on shares of Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating on the stock in a research 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, 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.