Corient Private Wealth LLC Has $1.46 Million Stake in Las Vegas Sands Corp. (NYSE:LVS)

Corient Private Wealth LLC cut its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 19.0% during the 4th quarter, Holdings Channel reports. The firm owned 28,324 shares of the casino operator’s stock after selling 6,637 shares during the quarter. Corient Private Wealth LLC’s holdings in Las Vegas Sands were worth $1,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of LVS. Janus Henderson Group PLC increased its position in Las Vegas Sands by 159.6% during the third quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator’s stock worth $459,630,000 after buying an additional 5,612,975 shares during the last quarter. ARGA Investment Management LP boosted its stake in shares of Las Vegas Sands by 32.0% during the 4th 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 during the period. Bank of New York Mellon Corp increased its holdings in shares of Las Vegas Sands by 13.5% during the 4th quarter. Bank of New York Mellon Corp now owns 11,662,548 shares of the casino operator’s stock worth $598,988,000 after acquiring an additional 1,389,963 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Las Vegas Sands in the 4th quarter valued at $55,221,000. Finally, Suvretta Capital Management LLC acquired a new stake in Las Vegas Sands during the 3rd quarter valued at $24,370,000. 39.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Barclays lowered their price target on shares of Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Macquarie increased their target price on Las Vegas Sands from $57.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Finally, Jefferies Financial Group upgraded Las Vegas Sands from a “hold” rating to a “buy” rating and boosted their price target 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. Based on data from MarketBeat.com, Las Vegas Sands presently has an average rating of “Moderate Buy” and a consensus price target of $59.42.

Las Vegas Sands Stock Down 3.1 %

Shares of NYSE LVS opened at $40.21 on Wednesday. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 0.74. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $56.61. The stock has a market capitalization of $28.79 billion, a P/E ratio of 20.41, a PEG ratio of 1.41 and a beta of 1.07. The stock’s fifty day moving average is $43.83 and its 200 day moving average is $47.81.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. Sell-side analysts forecast 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 declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.49%. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.20. Las Vegas Sands’s payout ratio is 50.76%.

About Las Vegas Sands

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.