Advisor Group Inc. reduced its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 4.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,077 shares of the casino operator’s stock after selling 1,013 shares during the period. Advisor Group Inc.’s holdings in Las Vegas Sands Corp. were worth $1,482,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in LVS. Capstone Asset Management Co. purchased a new stake in Las Vegas Sands Corp. during the second quarter valued at approximately $208,000. State of Alaska Department of Revenue boosted its position in shares of Las Vegas Sands Corp. by 24.4% in the second quarter. State of Alaska Department of Revenue now owns 2,603 shares of the casino operator’s stock worth $166,000 after purchasing an additional 510 shares during the period. Aperio Group LLC boosted its position in shares of Las Vegas Sands Corp. by 5.0% in the second quarter. Aperio Group LLC now owns 90,026 shares of the casino operator’s stock worth $5,752,000 after purchasing an additional 4,305 shares during the period. US Bancorp DE boosted its position in shares of Las Vegas Sands Corp. by 25.2% in the second quarter. US Bancorp DE now owns 69,192 shares of the casino operator’s stock worth $4,420,000 after purchasing an additional 13,942 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of Las Vegas Sands Corp. by 143.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,731 shares of the casino operator’s stock worth $174,000 after purchasing an additional 1,610 shares during the period. 38.24% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Wednesday, November 8th. Morgan Stanley upgraded shares of Las Vegas Sands Corp. from an “equal weight” rating to an “overweight” rating and set a $65.00 price target for the company in a research report on Monday, November 6th. Roth Capital assumed coverage on shares of Las Vegas Sands Corp. in a research report on Wednesday, October 25th. They issued a “buy” rating and a $69.00 price target for the company. Nomura upped their price target on shares of Las Vegas Sands Corp. from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Finally, Gabelli upped their price target on shares of Las Vegas Sands Corp. from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $65.31.

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In other Las Vegas Sands Corp. news, Director George Jamieson purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were bought at an average price of $66.96 per share, with a total value of $66,960.00. Following the completion of the purchase, the director now directly owns 6,488 shares in the company, valued at $434,436.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.10% of the stock is owned by corporate insiders.

Shares of Las Vegas Sands Corp. (LVS) opened at $66.50 on Friday. The stock has a market cap of $52,566.92, a price-to-earnings ratio of 23.92 and a beta of 1.78. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.05 and a current ratio of 1.07. Las Vegas Sands Corp. has a 12 month low of $51.35 and a 12 month high of $68.41.

Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.10. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.14 billion. Las Vegas Sands Corp. had a net margin of 16.80% and a return on equity of 31.11%. Las Vegas Sands Corp.’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 earnings per share. equities analysts forecast that Las Vegas Sands Corp. will post 2.87 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 21st will be paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Wednesday, December 20th. Las Vegas Sands Corp.’s payout ratio is 110.19%.

Las Vegas Sands Corp. Company Profile

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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