Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Gallacher Capital Management LLC

Gallacher Capital Management LLC trimmed its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 10.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,442 shares of the casino operator’s stock after selling 1,266 shares during the period. Gallacher Capital Management LLC’s holdings in Las Vegas Sands were worth $588,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of LVS. Janus Henderson Group PLC increased its holdings in shares of Las Vegas Sands by 159.6% in the third quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator’s stock valued at $459,630,000 after purchasing an additional 5,612,975 shares during the last quarter. ARGA Investment Management LP increased its stake 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. Bank of New York Mellon Corp increased its stake in shares of Las Vegas Sands by 13.5% in the 4th quarter. Bank of New York Mellon Corp now owns 11,662,548 shares of the casino operator’s stock worth $598,988,000 after acquiring an additional 1,389,963 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Las Vegas Sands during the fourth quarter worth about $55,221,000. Finally, Suvretta Capital Management LLC acquired a new stake in Las Vegas Sands during the third quarter worth about $24,370,000. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and raised their price objective for the stock from $60.00 to $69.00 in a research report on Friday, January 3rd. Macquarie increased their price objective on Las Vegas Sands from $57.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Morgan Stanley reduced 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. JPMorgan Chase & Co. lowered their price target on Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft reduced 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 report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Las Vegas Sands has a consensus rating of “Moderate Buy” and an average target price of $59.42.

Las Vegas Sands Trading Up 0.8 %

Shares of Las Vegas Sands stock opened at $43.11 on Friday. The stock has a market cap of $30.87 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 1.41 and a beta of 1.07. 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 12-month low of $36.62 and a 12-month high of $56.61. The company has a fifty day simple moving average of $44.64 and a 200-day simple moving average of $47.59.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share for the quarter, missing the consensus estimate 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, equities analysts forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.32%. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, February 10th. Las Vegas Sands’s dividend payout ratio (DPR) 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.