Wagner Bowman Management Corp reduced its stake in Las Vegas Sands Corp. (NYSE:LVS) by 2.5% during the second quarter, Holdings Channel reports. The firm owned 5,880 shares of the casino operator’s stock after selling 150 shares during the period. Wagner Bowman Management Corp’s holdings in Las Vegas Sands Corp. were worth $255,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Primecap Management Co. CA raised its position in Las Vegas Sands Corp. by 15.0% in the first quarter. Primecap Management Co. CA now owns 2,502,481 shares of the casino operator’s stock valued at $129,328,000 after buying an additional 326,000 shares during the period. Geode Capital Management LLC raised its position in Las Vegas Sands Corp. by 3.7% in the first quarter. Geode Capital Management LLC now owns 2,084,031 shares of the casino operator’s stock valued at $107,632,000 after buying an additional 74,799 shares during the period. Legal & General Group Plc raised its position in Las Vegas Sands Corp. by 1.0% in the first quarter. Legal & General Group Plc now owns 1,675,262 shares of the casino operator’s stock valued at $86,578,000 after buying an additional 15,899 shares during the period. Jericho Capital Asset Management L.P. acquired a new position in Las Vegas Sands Corp. during the first quarter valued at $72,868,000. Finally, Newport Asia LLC acquired a new position in Las Vegas Sands Corp. during the second quarter valued at $58,394,000. 37.88% of the stock is owned by hedge funds and other institutional investors.

Shares of Las Vegas Sands Corp. (NYSE:LVS) traded up 0.85% during midday trading on Wednesday, reaching $56.76. 3,707,421 shares of the company’s stock were exchanged. Las Vegas Sands Corp. has a one year low of $34.88 and a one year high of $58.65. The firm has a 50 day moving average of $53.32 and a 200-day moving average of $49.11. The stock has a market cap of $45.10 billion, a price-to-earnings ratio of 27.63 and a beta of 2.09.

Las Vegas Sands Corp. (NYSE:LVS) last announced its earnings results on Monday, July 25th. The casino operator reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.04. Las Vegas Sands Corp. had a net margin of 14.69% and a return on equity of 22.12%. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the prior year, the business posted $0.60 EPS. Las Vegas Sands Corp.’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, equities research analysts anticipate that Las Vegas Sands Corp. will post $2.20 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 22nd will be paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date is Tuesday, September 20th. Las Vegas Sands Corp.’s dividend payout ratio is 140.49%.

Several research analysts have recently weighed in on LVS shares. Telsey Advisory Group lifted their price objective on Las Vegas Sands Corp. from $47.00 to $50.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 26th. JPMorgan Chase & Co. lowered their price objective on Las Vegas Sands Corp. from $52.00 to $47.00 and set a “neutral” rating for the company in a research report on Thursday, July 14th. Susquehanna restated a “positive” rating and issued a $63.00 target price on shares of Las Vegas Sands Corp. in a research note on Thursday, September 8th. Vetr upgraded Las Vegas Sands Corp. from a “hold” rating to a “strong-buy” rating and set a $52.58 target price for the company in a research note on Monday, June 20th. Finally, Deutsche Bank AG restated a “hold” rating on shares of Las Vegas Sands Corp. in a research note on Sunday, June 26th. Eleven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Las Vegas Sands Corp. currently has an average rating of “Buy” and an average target price of $54.29.

About Las Vegas Sands Corp.

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that offers 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.

5 Day Chart for NYSE:LVS

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