DekaBank Deutsche Girozentrale decreased its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 5.5% during the second quarter, Holdings Channel reports. The institutional investor owned 402,915 shares of the casino operator’s stock after selling 23,607 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Las Vegas Sands Corp. were worth $25,683,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new position in shares of Las Vegas Sands Corp. during the first quarter worth approximately $119,000. Rothschild Investment Corp IL boosted its position in shares of Las Vegas Sands Corp. by 0.7% in the first quarter. Rothschild Investment Corp IL now owns 161,021 shares of the casino operator’s stock worth $9,189,000 after buying an additional 1,075 shares in the last quarter. Huntington National Bank boosted its position in shares of Las Vegas Sands Corp. by 3.7% in the first quarter. Huntington National Bank now owns 3,185 shares of the casino operator’s stock worth $182,000 after buying an additional 115 shares in the last quarter. Moody National Bank Trust Division purchased a new position in shares of Las Vegas Sands Corp. during the first quarter worth approximately $669,000. Finally, DnB Asset Management AS boosted its position in shares of Las Vegas Sands Corp. by 17.4% in the first quarter. DnB Asset Management AS now owns 47,897 shares of the casino operator’s stock worth $2,733,000 after buying an additional 7,100 shares in the last quarter. 38.27% of the stock is currently owned by hedge funds and other institutional investors.

Las Vegas Sands Corp. (LVS) opened at 60.16 on Friday. Las Vegas Sands Corp. has a 12 month low of $49.89 and a 12 month high of $66.22. The company has a market capitalization of $47.65 billion, a price-to-earnings ratio of 23.41 and a beta of 1.81. The stock’s 50 day moving average price is $62.21 and its 200 day moving average price is $58.26.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 21st will be issued 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 4.85%. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is 113.18%.

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A number of brokerages have recently commented on LVS. Instinet reaffirmed a “neutral” rating and set a $54.00 price target (up previously from $50.00) on shares of Las Vegas Sands Corp. in a research report on Monday, June 19th. Zacks Investment Research raised Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Tuesday, June 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 price target on shares of Las Vegas Sands Corp. in a research report on Tuesday, July 4th. Wells Fargo & Company reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Tuesday, July 4th. Finally, Vetr cut Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $64.62 price target on the stock. in a research report on Monday, June 5th. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Las Vegas Sands Corp. has a consensus rating of “Buy” and an average price target of $62.65.

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.

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

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