Resona Asset Management Co. Ltd. Has $5.98 Million Stock Holdings in Las Vegas Sands Corp. $LVS

Resona Asset Management Co. Ltd. trimmed its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 16.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,762 shares of the casino operator’s stock after selling 18,438 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Las Vegas Sands were worth $5,981,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Grove Bank & Trust acquired a new stake in shares of Las Vegas Sands during the fourth quarter valued at about $26,000. International Assets Investment Management LLC acquired a new position in shares of Las Vegas Sands in the fourth quarter worth approximately $26,000. Westside Investment Management Inc. lifted its stake in shares of Las Vegas Sands by 48.0% in the third quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock worth $28,000 after acquiring an additional 166 shares during the period. Root Financial Partners LLC acquired a new position in shares of Las Vegas Sands in the third quarter worth approximately $33,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Las Vegas Sands by 549.5% in the third quarter. Smartleaf Asset Management LLC now owns 630 shares of the casino operator’s stock worth $35,000 after acquiring an additional 533 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Las Vegas Sands

In related news, CEO Patrick Dumont sold 60,165 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total transaction of $3,294,033.75. Following the completion of the sale, the chief executive officer owned 511,942 shares in the company, valued at approximately $28,028,824.50. This represents a 10.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

LVS has been the topic of a number of recent analyst reports. Barclays lifted their price objective on Las Vegas Sands from $64.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Argus cut their price objective on Las Vegas Sands from $80.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Morgan Stanley lifted their price objective on Las Vegas Sands from $67.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Seaport Research Partners dropped their price target on Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Finally, Macquarie Infrastructure reissued an “outperform” rating and issued a $70.00 price target on shares of Las Vegas Sands in a research note on Thursday, January 29th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $68.28.

Las Vegas Sands Trading Down 0.1%

NYSE LVS opened at $49.38 on Friday. The company has a market cap of $32.72 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 1.12 and a beta of 0.85. Las Vegas Sands Corp. has a 52 week low of $39.36 and a 52 week high of $70.45. The business has a 50 day moving average price of $53.49 and a 200-day moving average price of $58.82. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 8.64.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, April 22nd. The casino operator reported $0.91 EPS for the quarter, beating the consensus estimate of $0.76 by $0.15. The firm had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.32 billion. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The company’s quarterly revenue was up 25.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 earnings per share. As a group, equities analysts expect that Las Vegas Sands Corp. will post 3.38 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, May 5th. This represents a $1.20 annualized dividend and a yield of 2.4%. Las Vegas Sands’s dividend payout ratio is 44.44%.

About Las Vegas Sands

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.