Las Vegas Sands Corp. (LVS) Position Lowered by Fmr LLC

Fmr LLC lessened its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 5.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,929,502 shares of the casino operator’s stock after selling 642,361 shares during the quarter. Fmr LLC owned about 1.51% of Las Vegas Sands Corp. worth $762,177,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Las Vegas Sands Corp. by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 20,034,880 shares of the casino operator’s stock worth $1,280,029,000 after acquiring an additional 322,708 shares in the last quarter. Segment Wealth Management LLC bought a new position in shares of Las Vegas Sands Corp. during the 2nd quarter worth approximately $2,803,000. D.A. Davidson & CO. raised its stake in shares of Las Vegas Sands Corp. by 14.1% during the 2nd quarter. D.A. Davidson & CO. now owns 4,446 shares of the casino operator’s stock worth $284,000 after acquiring an additional 551 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Las Vegas Sands Corp. by 57.9% during the 2nd quarter. Van ECK Associates Corp now owns 45,808 shares of the casino operator’s stock worth $2,927,000 after acquiring an additional 16,799 shares in the last quarter. Finally, Quantitative Investment Management LLC raised its stake in shares of Las Vegas Sands Corp. by 78.2% during the 2nd quarter. Quantitative Investment Management LLC now owns 395,500 shares of the casino operator’s stock worth $25,268,000 after acquiring an additional 173,600 shares in the last quarter. Hedge funds and other institutional investors own 38.01% of the company’s stock.

Several research firms recently commented on LVS. Vetr upgraded shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $63.09 price objective for the company in a research note on Wednesday, May 31st. Morgan Stanley reiterated an “equal weight” rating and set a $62.00 price objective (up previously from $58.00) on shares of Las Vegas Sands Corp. in a research note on Monday, July 10th. UBS AG reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Monday, July 10th. Stifel Nicolaus reiterated a “buy” rating and set a $72.00 price objective (up previously from $70.00) on shares of Las Vegas Sands Corp. in a research note on Thursday, July 27th. Finally, CLSA reiterated a “buy” rating on shares of Las Vegas Sands Corp. in a research note on Wednesday, July 5th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $64.74.

Shares of Las Vegas Sands Corp. (LVS) opened at 63.57 on Friday. The firm has a market capitalization of $50.35 billion, a PE ratio of 24.74 and a beta of 1.78. The stock has a 50 day moving average of $61.70 and a 200-day moving average of $60.09. Las Vegas Sands Corp. has a 12 month low of $51.35 and a 12 month high of $66.22.

Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings data on Wednesday, July 26th. The casino operator reported $0.73 EPS for the quarter, topping the consensus estimate of $0.59 by $0.14. Las Vegas Sands Corp. had a net margin of 16.66% and a return on equity of 29.91%. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the previous year, the firm earned $0.52 EPS. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, equities research analysts anticipate that Las Vegas Sands Corp. will post $2.74 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be given a $0.73 dividend. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $2.92 annualized dividend and a dividend yield of 4.59%. Las Vegas Sands Corp.’s dividend payout ratio is presently 113.18%.

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About Las Vegas Sands Corp.

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

Institutional Ownership by Quarter for Las Vegas Sands Corp. (NYSE:LVS)

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