Las Vegas Sands Corp. (NYSE:LVS) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 14.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,396 shares of the casino operator’s stock after purchasing an additional 2,468 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Las Vegas Sands were worth $954,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Las Vegas Sands by 0.4% in the third quarter. Vanguard Group Inc. now owns 32,634,143 shares of the casino operator’s stock valued at $1,495,949,000 after purchasing an additional 124,008 shares during the last quarter. Northern Trust Corp increased its stake in Las Vegas Sands by 3.6% in the third quarter. Northern Trust Corp now owns 2,873,525 shares of the casino operator’s stock valued at $131,722,000 after purchasing an additional 98,658 shares during the last quarter. Schroder Investment Management Group increased its stake in Las Vegas Sands by 27.9% in the third quarter. Schroder Investment Management Group now owns 2,850,081 shares of the casino operator’s stock valued at $130,648,000 after purchasing an additional 622,480 shares during the last quarter. Charles Lim Capital Ltd increased its stake in Las Vegas Sands by 296.2% during the third quarter. Charles Lim Capital Ltd now owns 2,575,000 shares of the casino operator’s stock worth $118,038,000 after acquiring an additional 1,925,000 shares during the last quarter. Finally, PointState Capital LP increased its stake in Las Vegas Sands by 81.9% during the third quarter. PointState Capital LP now owns 1,927,404 shares of the casino operator’s stock worth $88,352,000 after acquiring an additional 868,005 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Las Vegas Sands Stock Down 1.2 %

Shares of Las Vegas Sands stock opened at $46.01 on Wednesday. The business has a 50-day moving average of $51.74 and a 200-day moving average of $49.69. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.31 and a quick ratio of 1.30. The company has a market capitalization of $34.57 billion, a PE ratio of 22.23, a P/E/G ratio of 0.84 and a beta of 1.17. Las Vegas Sands Corp. has a 1-year low of $43.77 and a 1-year high of $65.58.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.13. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.94 billion. Las Vegas Sands had a return on equity of 41.81% and a net margin of 13.99%. The company’s revenue was up 34.9% on a year-over-year basis. During the same period last year, the firm earned $0.28 earnings per share. As a group, equities analysts forecast that Las Vegas Sands Corp. will post 2.65 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.74%. Las Vegas Sands’s dividend payout ratio is presently 38.65%.

Insider Activity

In other news, CEO Robert G. Goldstein sold 100,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the completion of the sale, the chief executive officer now directly owns 172,801 shares in the company, valued at $8,996,020.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. JPMorgan Chase & Co. dropped their price target on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Morgan Stanley raised their target price on shares of Las Vegas Sands from $61.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Barclays reduced 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 report on Thursday, April 18th. StockNews.com upgraded Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Finally, Mizuho lowered their price target on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $63.46.

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.