10,948 Shares in Las Vegas Sands Corp. (NYSE:LVS) Acquired by Allstate Corp

Allstate Corp bought a new stake in Las Vegas Sands Corp. (NYSE:LVS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,948 shares of the casino operator’s stock, valued at approximately $562,000.

Several other institutional investors and hedge funds have also bought and sold shares of LVS. Mirae Asset Global Investments Co. Ltd. grew its stake in Las Vegas Sands by 32.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,948 shares of the casino operator’s stock worth $1,707,000 after buying an additional 8,032 shares during the last quarter. ARGA Investment Management LP boosted its holdings in Las Vegas Sands by 32.0% in the fourth 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 in the last quarter. Fisher Asset Management LLC grew its stake in shares of Las Vegas Sands by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 13,810,351 shares of the casino operator’s stock worth $709,300,000 after acquiring an additional 160,711 shares during the last quarter. World Equity Group Inc. increased its holdings in shares of Las Vegas Sands by 82.9% during the fourth quarter. World Equity Group Inc. now owns 25,602 shares of the casino operator’s stock valued at $1,315,000 after acquiring an additional 11,602 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Las Vegas Sands by 19.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 50,087 shares of the casino operator’s stock valued at $2,572,000 after purchasing an additional 8,326 shares during the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LVS has been the topic of a number of recent analyst reports. Citigroup upped their price target 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 cut their target price on 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. Macquarie lifted their price target 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. Barclays cut their price objective on Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Finally, Wells Fargo & Company decreased their target price on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $59.42.

Las Vegas Sands Trading Up 1.3 %

Shares of NYSE:LVS opened at $39.14 on Wednesday. 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 business has a 50 day moving average of $43.32 and a two-hundred day moving average of $47.80. The company has a market capitalization of $28.02 billion, a PE ratio of 19.87, a PEG ratio of 1.41 and a beta of 1.07.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results 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 return on equity of 45.82% and a net margin of 12.80%. As a group, analysts forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Increases Dividend

The firm also recently announced 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. The ex-dividend date was Monday, February 10th. This is a boost 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 2.56%. Las Vegas Sands’s dividend payout ratio (DPR) is 50.76%.

Las Vegas Sands Company 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.