American International Group Inc. Purchases 12,252 Shares of Las Vegas Sands Corp. (NYSE:LVS)

American International Group Inc. lifted its position in Las Vegas Sands Corp. (NYSE:LVS) by 14.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 96,458 shares of the casino operator’s stock after buying an additional 12,252 shares during the quarter. American International Group Inc.’s holdings in Las Vegas Sands were worth $4,747,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in LVS. Delos Wealth Advisors LLC acquired a new position in shares of Las Vegas Sands during the fourth quarter worth approximately $33,000. Venturi Wealth Management LLC lifted its holdings in shares of Las Vegas Sands by 150.4% during the fourth quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock worth $34,000 after buying an additional 409 shares during the last quarter. Mizuho Securities Co. Ltd. acquired a new position in shares of Las Vegas Sands in the fourth quarter valued at $39,000. Vestor Capital LLC acquired a new position in shares of Las Vegas Sands in the fourth quarter valued at $42,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Las Vegas Sands by 617.3% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 911 shares of the casino operator’s stock valued at $45,000 after purchasing an additional 784 shares in the last quarter. Institutional investors own 39.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. JPMorgan Chase & Co. cut their target price on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Barclays cut their target price on Las Vegas Sands from $59.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, June 7th. Morgan Stanley upped their target price on Las Vegas Sands from $61.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft cut their target price on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Finally, StockNews.com upgraded Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.31.

Las Vegas Sands Price Performance

Shares of LVS stock opened at $45.91 on Friday. The stock’s fifty day moving average is $45.66 and its 200-day moving average is $49.06. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.29 and a current ratio of 1.30. The stock has a market capitalization of $34.21 billion, a PE ratio of 22.18, a PEG ratio of 0.81 and a beta of 1.13. Las Vegas Sands Corp. has a 52 week low of $42.99 and a 52 week high of $61.25.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, April 17th. The casino operator reported $0.75 EPS for the quarter, topping the consensus estimate 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 return on equity of 42.34% and a net margin of 13.99%. The business’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share. Equities research analysts expect that Las Vegas Sands Corp. will post 2.63 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company 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. This represents a $0.80 annualized dividend and a yield of 1.74%. The ex-dividend date was Monday, May 6th. Las Vegas Sands’s dividend payout ratio is 38.65%.

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.