MUFG Securities EMEA plc Cuts Stake in Las Vegas Sands Corp. (LVS)

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MUFG Securities EMEA plc lowered its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 85.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,100 shares of the casino operator’s stock after selling 138,900 shares during the quarter. MUFG Securities EMEA plc’s holdings in Las Vegas Sands were worth $1,254,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Las Vegas Sands by 12.5% in the third quarter. BlackRock Inc. now owns 22,333,184 shares of the casino operator’s stock worth $1,325,029,000 after acquiring an additional 2,476,837 shares during the period. American International Group Inc. acquired a new stake in shares of Las Vegas Sands in the fourth quarter worth $359,921,000. Bank of New York Mellon Corp grew its position in Las Vegas Sands by 21.6% during the fourth quarter. Bank of New York Mellon Corp now owns 5,405,796 shares of the casino operator’s stock valued at $281,371,000 after buying an additional 959,544 shares during the period. Boston Partners grew its position in Las Vegas Sands by 598.6% during the fourth quarter. Boston Partners now owns 5,170,019 shares of the casino operator’s stock valued at $269,099,000 after buying an additional 4,429,990 shares during the period. Finally, Janus Henderson Group PLC grew its position in Las Vegas Sands by 20.9% during the third quarter. Janus Henderson Group PLC now owns 3,670,604 shares of the casino operator’s stock valued at $217,785,000 after buying an additional 634,005 shares during the period. Hedge funds and other institutional investors own 36.03% of the company’s stock.

LVS stock opened at $59.76 on Friday. The firm has a market cap of $46.32 billion, a P/E ratio of 18.00 and a beta of 1.40. The company has a current ratio of 1.76, a quick ratio of 1.75 and a debt-to-equity ratio of 1.76. Las Vegas Sands Corp. has a one year low of $47.39 and a one year high of $81.45.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, January 23rd. The casino operator reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.08). The firm had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.52 billion. Las Vegas Sands had a net margin of 17.58% and a return on equity of 33.84%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.88 EPS. Research analysts predict that Las Vegas Sands Corp. will post 3.2 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Wednesday, March 20th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 5.15%. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.75. The ex-dividend date is Tuesday, March 19th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 90.36%.

LVS has been the topic of several analyst reports. Morgan Stanley restated a “buy” rating on shares of Las Vegas Sands in a research report on Monday, December 3rd. Zacks Investment Research lowered shares of Las Vegas Sands from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. Finally, Deutsche Bank raised their price target on shares of Las Vegas Sands to $60.00 and gave the company a “buy” rating in a research report on Thursday, January 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Las Vegas Sands has a consensus rating of “Hold” and a consensus price target of $71.19.

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Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

Read More: Leveraged Buyout (LBO)

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Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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