Mutual of America Capital Management LLC Buys 3,335 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Mutual of America Capital Management LLC raised its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,822 shares of the casino operator’s stock after acquiring an additional 3,335 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Las Vegas Sands were worth $2,403,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Headlands Technologies LLC bought a new stake in Las Vegas Sands during the third quarter valued at about $27,000. Western Pacific Wealth Management LP bought a new stake in Las Vegas Sands during the third quarter valued at about $29,000. Coppell Advisory Solutions LLC bought a new stake in Las Vegas Sands during the second quarter valued at about $29,000. Retirement Group LLC bought a new stake in Las Vegas Sands during the fourth quarter valued at about $31,000. Finally, CNB Bank bought a new stake in Las Vegas Sands during the third quarter valued at about $32,000. 39.16% of the stock is owned by institutional investors.

Las Vegas Sands Trading Down 0.9 %

LVS opened at $45.46 on Friday. The firm has a market cap of $34.15 billion, a P/E ratio of 21.96, a P/E/G ratio of 0.82 and a beta of 1.16. Las Vegas Sands Corp. has a 12 month low of $43.77 and a 12 month high of $65.58. The company has a current ratio of 1.31, a quick ratio of 1.30 and a debt-to-equity ratio of 2.96. The stock has a 50-day moving average of $52.06 and a 200 day moving average of $49.59.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.13. Las Vegas Sands had a return on equity of 41.81% and a net margin of 13.99%. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the business earned $0.28 earnings per share. The company’s revenue for the quarter was up 34.9% compared to the same quarter last year. As a group, research analysts forecast that Las Vegas Sands Corp. will post 2.67 EPS for the current year.

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.76%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 38.65%.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the completion of the transaction, the chief executive officer now owns 172,801 shares in the company, valued at $8,996,020.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on LVS. Deutsche Bank Aktiengesellschaft decreased their price target on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday. Citigroup raised their price target on Las Vegas Sands from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Company cut their price objective on Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday. Stifel Nicolaus cut their price objective on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Mizuho cut their price objective on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $64.47.

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.