137,807 Shares in Las Vegas Sands Corp. $LVS Purchased by Fullerton Fund Management Co Ltd.

Fullerton Fund Management Co Ltd. bought a new position in Las Vegas Sands Corp. (NYSE:LVS) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 137,807 shares of the casino operator’s stock, valued at approximately $8,970,000. Las Vegas Sands accounts for 0.4% of Fullerton Fund Management Co Ltd.’s portfolio, making the stock its 29th biggest position.

Several other large investors have also added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership boosted its stake in Las Vegas Sands by 58.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 8,186,257 shares of the casino operator’s stock worth $532,843,000 after purchasing an additional 3,018,704 shares during the period. Bank of New York Mellon Corp boosted its stake in Las Vegas Sands by 18.7% in the 4th quarter. Bank of New York Mellon Corp now owns 7,893,031 shares of the casino operator’s stock worth $513,757,000 after purchasing an additional 1,246,206 shares during the period. Norges Bank bought a new position in Las Vegas Sands in the 4th quarter worth about $364,892,000. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Las Vegas Sands by 43.8% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,454,013 shares of the casino operator’s stock worth $293,371,000 after purchasing an additional 1,660,823 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Las Vegas Sands by 5.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,723,494 shares of the casino operator’s stock worth $200,335,000 after purchasing an additional 187,389 shares during the period. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

Shares of NYSE LVS opened at $48.91 on Wednesday. The stock has a market cap of $32.41 billion, a price-to-earnings ratio of 18.11, a P/E/G ratio of 1.13 and a beta of 0.81. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 8.64. Las Vegas Sands Corp. has a 1-year low of $40.94 and a 1-year high of $70.45. The stock’s 50-day moving average is $52.48 and its 200 day moving average is $57.08.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, April 22nd. The casino operator reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.15. The business had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The business’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 EPS. On average, sell-side analysts anticipate that Las Vegas Sands Corp. will post 3.38 EPS 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. Shareholders of record on Tuesday, May 5th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, May 5th. Las Vegas Sands’s payout ratio is 44.44%.

Wall Street Analyst Weigh In

Several research analysts have commented on LVS shares. Seaport Research Partners cut their target price on Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Wells Fargo & Company cut their target price on Las Vegas Sands from $68.00 to $65.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. JPMorgan Chase & Co. cut their target price on Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Jefferies Financial Group raised their target price on Las Vegas Sands from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Thursday, April 23rd. Finally, Barclays lifted their price target on Las Vegas Sands from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and an average target price of $67.91.

Las Vegas Sands Company Profile

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.