Mutual of America Capital Management LLC Trims Stock Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Mutual of America Capital Management LLC cut its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,632 shares of the casino operator’s stock after selling 1,838 shares during the period. Mutual of America Capital Management LLC’s holdings in Las Vegas Sands were worth $2,138,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Wilmington Savings Fund Society FSB purchased a new position in Las Vegas Sands during the 3rd quarter worth $26,000. Bank of Jackson Hole Trust acquired a new stake in shares of Las Vegas Sands during the fourth quarter worth about $26,000. UMB Bank n.a. grew its holdings in shares of Las Vegas Sands by 73.5% during the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock worth $30,000 after buying an additional 247 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Las Vegas Sands during the 3rd quarter worth approximately $34,000. Finally, Capital Performance Advisors LLP purchased a new position in Las Vegas Sands in the 3rd quarter valued at $43,000. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Trading Down 0.9 %

LVS stock opened at $44.99 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 3.35. The company has a market cap of $32.21 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 1.41 and a beta of 1.07. The business has a fifty day simple moving average of $45.34 and a 200-day simple moving average of $47.44. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $56.61.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. On average, equities research analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th were given a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 2.22%. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.20. Las Vegas Sands’s dividend payout ratio is presently 50.76%.

Wall Street Analyst Weigh In

LVS has been the topic of several recent analyst reports. Macquarie upped their target price on shares of Las Vegas Sands from $57.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price target on shares of Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Morgan Stanley dropped their price objective on shares of Las Vegas Sands from $51.00 to $49.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. Barclays reduced their target price on Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Finally, Citigroup raised their price target on Las Vegas Sands from $64.50 to $67.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $59.42.

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.