Las Vegas Sands Corp. (LVS) Shares Bought by Northern Trust Corp
Northern Trust Corp grew its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 8.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,776,337 shares of the casino operator’s stock after buying an additional 220,931 shares during the quarter. Northern Trust Corp’s holdings in Las Vegas Sands were worth $212,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. Point72 Asia Hong Kong Ltd bought a new position in Las Vegas Sands in the 1st quarter worth $118,000. Flagship Harbor Advisors LLC bought a new position in Las Vegas Sands in the 2nd quarter worth $135,000. Summit Trail Advisors LLC raised its holdings in Las Vegas Sands by 6,587.3% in the 1st quarter. Summit Trail Advisors LLC now owns 196,072 shares of the casino operator’s stock worth $196,000 after purchasing an additional 193,140 shares during the period. All Terrain Financial Advisors LLC bought a new position in Las Vegas Sands in the 1st quarter worth $201,000. Finally, Zacks Investment Management bought a new position in Las Vegas Sands in the 2nd quarter worth $202,000. 38.52% of the stock is currently owned by institutional investors.
NYSE:LVS opened at $60.66 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.68 and a debt-to-equity ratio of 1.40. The stock has a market cap of $47.64 billion, a price-to-earnings ratio of 17.63 and a beta of 1.61. Las Vegas Sands Corp. has a 52 week low of $59.11 and a 52 week high of $81.45.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Wednesday, September 19th will be issued a dividend of $0.75 per share. The ex-dividend date is Tuesday, September 18th. This represents a $3.00 dividend on an annualized basis and a yield of 4.95%. Las Vegas Sands’s dividend payout ratio is presently 98.68%.
A number of brokerages recently commented on LVS. Zacks Investment Research cut Las Vegas Sands from a “strong-buy” rating to a “hold” rating in a report on Monday, June 18th. Bank of America cut Las Vegas Sands from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $85.00 to $80.00 in a report on Monday, July 2nd. Morgan Stanley raised their target price on Las Vegas Sands from $85.00 to $86.00 and gave the stock an “overweight” rating in a report on Tuesday, June 26th. Nomura decreased their target price on Las Vegas Sands from $76.00 to $72.00 and set a “neutral” rating on the stock in a report on Monday, July 9th. Finally, Stifel Nicolaus decreased their target price on Las Vegas Sands from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Las Vegas Sands presently has a consensus rating of “Hold” and an average target price of $77.00.
In other Las Vegas Sands news, COO Robert G. Goldstein purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, July 31st. The shares were acquired at an average cost of $71.13 per share, with a total value of $711,300.00. Following the completion of the acquisition, the chief operating officer now directly owns 10,000 shares in the company, valued at $711,300. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Lawrence A. Jacobs sold 66,667 shares of the firm’s stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $60.95, for a total value of $4,063,353.65. Following the sale, the executive vice president now directly owns 66,667 shares in the company, valued at $4,063,353.65. The disclosure for this sale can be found here. 10.20% of the stock is owned by company insiders.
About Las Vegas Sands
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and iconic Marina Bay Sands in Singapore.
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