Catalyst Funds Management Pty Ltd Has $267,000 Position in Las Vegas Sands Corp. (NYSE:LVS)

Catalyst Funds Management Pty Ltd lifted its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 8.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,200 shares of the casino operator’s stock after purchasing an additional 400 shares during the period. Catalyst Funds Management Pty Ltd’s holdings in Las Vegas Sands were worth $267,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bank of Jackson Hole Trust bought a new stake in shares of Las Vegas Sands during the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Las Vegas Sands during the third quarter worth $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 purchasing an additional 247 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Las Vegas Sands by 63.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 885 shares of the casino operator’s stock worth $45,000 after purchasing an additional 342 shares during the last quarter. Finally, Kestra Investment Management LLC bought a new stake in shares of Las Vegas Sands during the fourth quarter worth $47,000. Institutional investors own 39.16% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Macquarie increased their target price on Las Vegas Sands from $57.00 to $58.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Wells Fargo & Company decreased their price target on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. 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 Wednesday, January 29th. Citigroup raised their price target on Las Vegas Sands from $64.50 to $67.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Barclays decreased their price target on Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Las Vegas Sands currently has an average rating of “Moderate Buy” and an average price target of $59.42.

Las Vegas Sands Trading Up 0.8 %

NYSE LVS opened at $43.11 on Monday. The firm has a market cap of $30.87 billion, a P/E ratio of 21.88, a P/E/G ratio of 1.41 and a beta of 1.07. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.74 and a quick ratio of 0.73. The stock’s 50-day moving average is $44.64 and its 200-day moving average is $47.65. Las Vegas Sands Corp. has a one year low of $36.62 and a one year high of $56.61.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results 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%. Sell-side analysts anticipate that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.32%. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.20. Las Vegas Sands’s dividend payout ratio (DPR) is currently 50.76%.

About Las Vegas Sands

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.