Wellington Management Group LLP Has $263.60 Million Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

Wellington Management Group LLP grew its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 13.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,356,682 shares of the casino operator’s stock after purchasing an additional 633,028 shares during the period. Wellington Management Group LLP owned approximately 0.71% of Las Vegas Sands worth $263,602,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Royal London Asset Management Ltd. raised its holdings in shares of Las Vegas Sands by 5.5% during the fourth quarter. Royal London Asset Management Ltd. now owns 135,708 shares of the casino operator’s stock valued at $6,678,000 after purchasing an additional 7,128 shares during the period. American International Group Inc. raised its holdings in shares of Las Vegas Sands by 14.6% in the 4th quarter. American International Group Inc. now owns 96,458 shares of the casino operator’s stock worth $4,747,000 after acquiring an additional 12,252 shares during the last quarter. Grayhawk Investment Strategies Inc. acquired a new stake in shares of Las Vegas Sands in the 4th quarter worth about $526,000. Vista Investment Management raised its holdings in shares of Las Vegas Sands by 60.9% in the 4th quarter. Vista Investment Management now owns 19,928 shares of the casino operator’s stock worth $981,000 after acquiring an additional 7,539 shares during the last quarter. Finally, Ghisallo Capital Management LLC acquired a new stake in shares of Las Vegas Sands in the 4th quarter worth about $73,815,000. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Trading Down 0.1 %

NYSE:LVS opened at $44.30 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 2.96. The stock has a market capitalization of $33.01 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 0.79 and a beta of 1.13. The firm’s 50 day moving average is $46.04 and its 200 day moving average is $49.09. Las Vegas Sands Corp. has a 12 month low of $42.99 and a 12 month high of $61.25.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.13. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Las Vegas Sands had a net margin of 13.99% and a return on equity of 42.34%. Las Vegas Sands’s revenue was up 34.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS. Sell-side analysts expect that Las Vegas Sands Corp. will post 2.63 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.81%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 38.65%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LVS shares. StockNews.com upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Jefferies Financial Group lowered their target price on shares of Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating on the stock in a report on Thursday, April 18th. Citigroup upped their price objective on shares of Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Stifel Nicolaus reduced their price objective on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Finally, Wells Fargo & Company reduced their price objective on shares of Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus price target of $63.31.

Las Vegas Sands 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.