Mutual of America Capital Management LLC Sells 1,728 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Mutual of America Capital Management LLC lessened its position in Las Vegas Sands Corp. (NYSE:LVS) by 4.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,904 shares of the casino operator’s stock after selling 1,728 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Las Vegas Sands were worth $1,541,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Achmea Investment Management B.V. increased its stake in Las Vegas Sands by 55.4% in the first quarter. Achmea Investment Management B.V. now owns 31,411 shares of the casino operator’s stock valued at $1,213,000 after acquiring an additional 11,197 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Las Vegas Sands by 18.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,005 shares of the casino operator’s stock valued at $1,489,000 after acquiring an additional 6,057 shares during the last quarter. Polymer Capital Management HK LTD bought a new position in Las Vegas Sands in the fourth quarter valued at $2,311,000. Northern Trust Corp increased its stake in Las Vegas Sands by 12.4% in the fourth quarter. Northern Trust Corp now owns 3,088,597 shares of the casino operator’s stock valued at $158,630,000 after acquiring an additional 339,992 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Las Vegas Sands by 0.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,192,285 shares of the casino operator’s stock valued at $61,236,000 after buying an additional 10,544 shares during the period. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

Shares of LVS opened at $48.67 on Monday. The company has a debt-to-equity ratio of 3.58, a current ratio of 0.59 and a quick ratio of 0.59. Las Vegas Sands Corp. has a one year low of $30.18 and a one year high of $56.61. The company has a 50-day simple moving average of $43.73 and a two-hundred day simple moving average of $42.04. The firm has a market capitalization of $34.39 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, April 23rd. The casino operator reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). Las Vegas Sands had a return on equity of 44.91% and a net margin of 11.64%. The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter last year, the business earned $0.78 earnings per share. The business’s quarterly revenue was down 3.3% on a year-over-year basis. On average, analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands announced that its Board of Directors has approved a stock buyback program on Wednesday, April 23rd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the casino operator to repurchase up to 8.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Tuesday, May 6th were issued a $0.25 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $1.00 annualized dividend and a yield of 2.05%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 55.56%.

Analysts Set New Price Targets

LVS has been the subject of several analyst reports. UBS Group upped their price target on shares of Las Vegas Sands from $43.00 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, July 8th. Macquarie cut their price target on shares of Las Vegas Sands from $58.00 to $52.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Citigroup restated a “buy” rating on shares of Las Vegas Sands in a research report on Wednesday, July 9th. JPMorgan Chase & Co. initiated coverage on shares of Las Vegas Sands in a research report on Monday, June 23rd. They set a “neutral” rating and a $47.00 price target for the company. Finally, Stifel Nicolaus set a $57.00 price target on shares of Las Vegas Sands and gave the company a “buy” rating in a research report on Thursday, April 24th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.62.

Las Vegas Sands Company 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.