FUKOKU MUTUAL LIFE INSURANCE Co Invests $1.11 Million in Las Vegas Sands Corp. (NYSE:LVS)

FUKOKU MUTUAL LIFE INSURANCE Co acquired a new position in Las Vegas Sands Corp. (NYSE:LVS) during the third quarter, Holdings Channel reports. The firm acquired 22,000 shares of the casino operator’s stock, valued at approximately $1,107,000.

Several other large investors have also recently bought and sold shares of LVS. Vanguard Group Inc. raised its stake in shares of Las Vegas Sands by 0.6% in the first quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator’s stock valued at $1,918,472,000 after acquiring an additional 209,589 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Las Vegas Sands by 7.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 211,320 shares of the casino operator’s stock worth $10,929,000 after buying an additional 15,216 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Las Vegas Sands by 2.0% in the 1st quarter. Clearbridge Investments LLC now owns 641,682 shares of the casino operator’s stock valued at $33,175,000 after purchasing an additional 12,500 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Las Vegas Sands by 7,647.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 443,325 shares of the casino operator’s stock valued at $19,617,000 after acquiring an additional 437,603 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in Las Vegas Sands in the second quarter valued at $619,000. 39.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Robert G. Goldstein sold 24,324 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $52.00, for a total value of $1,264,848.00. Following the completion of the sale, the chief executive officer now owns 60,187 shares of the company’s stock, valued at $3,129,724. This represents a 28.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.91% of the company’s stock.

Las Vegas Sands Trading Down 2.0 %

NYSE:LVS opened at $48.53 on Friday. Las Vegas Sands Corp. has a 12 month low of $36.62 and a 12 month high of $55.65. The company has a 50-day moving average price of $48.39 and a 200-day moving average price of $44.69. The stock has a market cap of $35.19 billion, a price-to-earnings ratio of 24.02, a P/E/G ratio of 1.31 and a beta of 1.11. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the prior year, the firm posted $0.55 EPS. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities analysts predict that Las Vegas Sands Corp. will post 2.33 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were issued a $0.20 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.80 annualized dividend and a yield of 1.65%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 39.60%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LVS. Macquarie decreased their price objective on Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Mizuho increased their target price on Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Argus downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Morgan Stanley lifted their target price on Las Vegas Sands from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Susquehanna upped their price target on Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

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.