Las Vegas Sands Corp. (NYSE:LVS) Stock Holdings Decreased by Mystic Asset Management Inc.

Mystic Asset Management Inc. lowered its stake in Las Vegas Sands Corp. (NYSE:LVS) by 3.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 14,184 shares of the casino operator’s stock after selling 550 shares during the period. Mystic Asset Management Inc.’s holdings in Las Vegas Sands were worth $728,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Las Vegas Sands during the 3rd quarter valued at about $26,000. Bank of Jackson Hole Trust bought a new stake in shares of Las Vegas Sands during the 4th quarter valued at about $26,000. UMB Bank n.a. grew its position in shares of Las Vegas Sands by 73.5% during the 4th quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock valued at $30,000 after buying an additional 247 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Las Vegas Sands by 63.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 885 shares of the casino operator’s stock valued at $45,000 after buying an additional 342 shares during the last quarter. Finally, Kestra Investment Management LLC bought a new stake in shares of Las Vegas Sands during the 4th quarter valued at about $47,000. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Trading Up 1.1 %

Shares of NYSE:LVS opened at $43.67 on Tuesday. The company has a 50 day moving average of $44.50 and a 200-day moving average of $47.69. The firm has a market cap of $31.26 billion, a P/E ratio of 22.16, a P/E/G ratio of 1.41 and a beta of 1.07. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $56.61. 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 (NYSE:LVS) last released its earnings results on Wednesday, January 29th. The casino operator reported $0.54 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 anticipate 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. This is an increase 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 2.29%. The ex-dividend date was Monday, February 10th. Las Vegas Sands’s payout ratio is presently 50.76%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LVS shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Citigroup boosted their target price 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. JPMorgan Chase & Co. reduced their target price on shares of Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Morgan Stanley reduced their target price on shares of Las Vegas Sands from $51.00 to $49.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. Finally, Jefferies Financial Group raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and boosted their target price for the company from $60.00 to $69.00 in a research note on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $59.42.

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.