Elo Mutual Pension Insurance Co Has $1.44 Million Stock Holdings in Las Vegas Sands Corp. $LVS

Elo Mutual Pension Insurance Co trimmed its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 29.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,792 shares of the casino operator’s stock after selling 11,049 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Las Vegas Sands were worth $1,441,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Allianz Asset Management GmbH boosted its stake in Las Vegas Sands by 358.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 227,278 shares of the casino operator’s stock worth $12,225,000 after purchasing an additional 177,695 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Las Vegas Sands by 7.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 644,286 shares of the casino operator’s stock valued at $28,033,000 after purchasing an additional 42,598 shares during the period. Maple Rock Capital Partners Inc. lifted its holdings in shares of Las Vegas Sands by 124.4% in the second quarter. Maple Rock Capital Partners Inc. now owns 1,003,880 shares of the casino operator’s stock valued at $43,679,000 after purchasing an additional 556,440 shares in the last quarter. Donoghue Forlines LLC acquired a new position in shares of Las Vegas Sands during the third quarter worth about $2,143,000. Finally, National Pension Service bought a new position in shares of Las Vegas Sands during the third quarter worth about $1,262,000. Institutional investors own 39.16% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on LVS shares. Morgan Stanley set a $66.00 target price on Las Vegas Sands in a research note on Wednesday, February 11th. Argus cut their price objective on shares of Las Vegas Sands from $80.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. UBS Group raised their target price on shares of Las Vegas Sands from $67.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, December 8th. Wall Street Zen cut shares of Las Vegas Sands from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Barclays set a $64.00 price objective on shares of Las Vegas Sands in a research note on Thursday, January 29th. Twelve analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.55.

Las Vegas Sands Stock Performance

Shares of LVS stock opened at $55.12 on Friday. The company has a fifty day moving average price of $58.97 and a two-hundred day moving average price of $58.91. Las Vegas Sands Corp. has a one year low of $30.18 and a one year high of $70.45. The stock has a market cap of $37.04 billion, a P/E ratio of 23.56, a P/E/G ratio of 1.43 and a beta of 0.88. The company has a debt-to-equity ratio of 7.58, a current ratio of 1.14 and a quick ratio of 1.13.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, January 28th. The casino operator reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.08. Las Vegas Sands had a net margin of 12.50% and a return on equity of 91.40%. The company had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same period in the prior year, the firm earned $0.54 EPS. Las Vegas Sands’s quarterly revenue was up 26.0% compared to the same quarter last year. As a group, equities analysts predict that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Monday, February 9th were paid a dividend of $0.30 per share. The ex-dividend date was Monday, February 9th. This represents a $1.20 annualized dividend and a dividend yield of 2.2%. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.25. Las Vegas Sands’s dividend payout ratio is presently 51.28%.

Insider Buying and Selling

In related news, major shareholder Miriam Adelson sold 77,991 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $67.56, for a total value of $5,269,071.96. Following the sale, the insider owned 23,333,441 shares in the company, valued at approximately $1,576,407,273.96. This represents a 0.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert G. Goldstein sold 1,198,650 shares of Las Vegas Sands stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $66.68, for a total transaction of $79,925,982.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,477,991 shares of company stock worth $165,323,554 over the last three months. 1.20% of the stock is owned by insiders.

Las Vegas Sands Company Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.