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

Fullerton Fund Management Co Ltd. bought a new position in Las Vegas Sands Corp. (NYSE:LVS) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 137,807 shares of the casino operator’s stock, valued at approximately $8,970,000. Las Vegas Sands makes up 0.4% of Fullerton Fund Management Co Ltd.’s investment portfolio, making the stock its 29th largest holding.

Other large investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its position 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 valued at $532,843,000 after buying an additional 3,018,704 shares during the last quarter. Bank of New York Mellon Corp raised its position 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 valued at $513,757,000 after buying an additional 1,246,206 shares during the last quarter. Norges Bank purchased a new stake in Las Vegas Sands in the 4th quarter valued at $364,892,000. Barrow Hanley Mewhinney & Strauss LLC raised its position 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 valued at $293,371,000 after buying an additional 1,660,823 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position 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 valued at $200,335,000 after buying an additional 187,389 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Weiss Ratings lowered Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Mizuho raised their target price on Las Vegas Sands from $65.00 to $67.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. HSBC raised their target price on Las Vegas Sands from $73.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Citigroup raised their target price on Las Vegas Sands from $76.75 to $78.50 and gave the company a “buy” rating in a research report on Monday, April 13th. Finally, Barclays raised their target price 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 equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $67.91.

Las Vegas Sands Trading Down 1.7%

Shares of LVS opened at $48.91 on Wednesday. The business has a 50-day moving average of $52.48 and a 200 day moving average of $57.08. Las Vegas Sands Corp. has a fifty-two week low of $40.94 and a fifty-two week high of $70.45. The firm has a market cap of $32.41 billion, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 1.13 and a beta of 0.81. The company has a debt-to-equity ratio of 8.64, a quick ratio of 0.91 and a current ratio of 0.92.

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

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.20 annualized dividend and a yield of 2.5%. Las Vegas Sands’s dividend payout ratio (DPR) is 44.44%.

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.