Advisors Asset Management Inc. lessened its stake in Las Vegas Sands Corp. (NYSE:LVS) by 32.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 185,565 shares of the casino operator’s stock after selling 89,808 shares during the quarter. Advisors Asset Management Inc.’s holdings in Las Vegas Sands Corp. were worth $11,906,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Las Vegas Sands Corp. by 1.6% in the second quarter. Vanguard Group Inc. now owns 20,034,880 shares of the casino operator’s stock valued at $1,280,029,000 after purchasing an additional 322,708 shares during the last quarter. BlackRock Inc. increased its holdings in Las Vegas Sands Corp. by 2.3% in the second quarter. BlackRock Inc. now owns 16,129,966 shares of the casino operator’s stock valued at $1,030,543,000 after purchasing an additional 365,566 shares during the last quarter. Capital World Investors increased its holdings in Las Vegas Sands Corp. by 14.5% in the second quarter. Capital World Investors now owns 9,998,000 shares of the casino operator’s stock valued at $638,772,000 after purchasing an additional 1,263,000 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Las Vegas Sands Corp. by 40.8% in the second quarter. Bank of New York Mellon Corp now owns 6,506,795 shares of the casino operator’s stock valued at $415,720,000 after purchasing an additional 1,886,376 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Las Vegas Sands Corp. by 41.3% in the second quarter. American Century Companies Inc. now owns 3,509,869 shares of the casino operator’s stock worth $224,246,000 after acquiring an additional 1,025,607 shares in the last quarter. Institutional investors and hedge funds own 38.24% of the company’s stock.

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In other Las Vegas Sands Corp. news, Director George Jamieson acquired 1,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were purchased at an average price of $66.96 per share, for a total transaction of $66,960.00. Following the completion of the purchase, the director now directly owns 6,488 shares of the company’s stock, valued at $434,436.48. The transaction was disclosed in a document filed with the SEC, which is available through this link. 10.10% of the stock is owned by corporate insiders.

Several brokerages have issued reports on LVS. Zacks Investment Research downgraded Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Morgan Stanley upgraded 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 report on Monday, November 6th. Nomura increased their price target on Las Vegas Sands Corp. from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, October 26th. Gabelli increased their price target on Las Vegas Sands Corp. from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Deutsche Bank AG increased their price target on Las Vegas Sands Corp. from $54.00 to $57.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $65.31.

Las Vegas Sands Corp. (LVS) traded up $0.43 during trading hours on Friday, reaching $66.68. The company’s stock had a trading volume of 2,511,400 shares, compared to its average volume of 3,304,763. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $52,369.30, a price-to-earnings ratio of 23.83 and a beta of 1.78. 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 data on Wednesday, October 25th. The casino operator reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.10. The firm had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.14 billion. Las Vegas Sands Corp. had a return on equity of 31.11% and a net margin of 16.80%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 earnings per share. equities research analysts forecast that Las Vegas Sands Corp. will post 2.87 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, December 21st will be paid a $0.73 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $2.92 annualized dividend and a yield of 4.38%. Las Vegas Sands Corp.’s dividend payout ratio is 110.19%.

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.

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

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