Voya Investment Management LLC boosted its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,501 shares of the casino operator’s stock after purchasing an additional 729 shares during the period. Voya Investment Management LLC’s holdings in Las Vegas Sands Corp. were worth $2,971,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its position 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 worth $1,280,029,000 after purchasing an additional 322,708 shares during the last quarter. BlackRock Inc. boosted its position 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 worth $1,030,543,000 after purchasing an additional 365,566 shares during the last quarter. State Street Corp boosted its position in Las Vegas Sands Corp. by 4.7% in the first quarter. State Street Corp now owns 8,023,114 shares of the casino operator’s stock worth $457,878,000 after purchasing an additional 360,249 shares during the last quarter. Bank of New York Mellon Corp boosted its position 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 worth $415,720,000 after purchasing an additional 1,886,376 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in 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 purchasing an additional 1,025,607 shares during the last quarter. 38.01% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Las Vegas Sands Corp. (NYSE LVS) opened at 62.01 on Friday. The company’s 50-day moving average price is $63.36 and its 200-day moving average price is $61.11. Las Vegas Sands Corp. has a one year low of $51.35 and a one year high of $66.22. The stock has a market cap of $49.11 billion, a PE ratio of 24.13 and a beta of 1.76.

Las Vegas Sands Corp. (NYSE:LVS) last released its earnings results on Wednesday, July 26th. The casino operator reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.14. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.01 billion. Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. Las Vegas Sands Corp.’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 earnings per share. Equities research analysts anticipate that Las Vegas Sands Corp. will post $2.76 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 21st were given a dividend of $0.73 per share. The ex-dividend date was Wednesday, September 20th. This represents a $2.92 annualized dividend and a yield of 4.71%. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is presently 113.18%.

Several research analysts have weighed in on LVS shares. Instinet reissued a “neutral” rating and issued a $54.00 price objective (up previously from $50.00) on shares of Las Vegas Sands Corp. in a research report on Monday, June 19th. Stifel Nicolaus reissued a “buy” rating and issued a $66.00 price objective on shares of Las Vegas Sands Corp. in a research report on Tuesday, July 4th. Wells Fargo & Company reissued a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Tuesday, July 4th. CLSA reissued a “buy” rating on shares of Las Vegas Sands Corp. in a research report on Wednesday, July 5th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $62.00 price objective (up previously from $58.00) on shares of Las Vegas Sands Corp. in a research report on Monday, July 10th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Las Vegas Sands Corp. presently has an average rating of “Buy” and an average target price of $64.66.

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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