Andra AP fonden decreased its stake in Las Vegas Sands Corp. (NYSE:LVS) by 13.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,200 shares of the casino operator’s stock after selling 7,400 shares during the period. Andra AP fonden’s holdings in Las Vegas Sands Corp. were worth $3,016,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Las Vegas Sands Corp. by 4.0% in the first quarter. Vanguard Group Inc. now owns 19,712,172 shares of the casino operator’s stock valued at $1,124,974,000 after buying an additional 755,714 shares in the last quarter. BlackRock Inc. raised its position in shares of Las Vegas Sands Corp. by 2,504.7% in the first quarter. BlackRock Inc. now owns 15,764,400 shares of the casino operator’s stock valued at $899,674,000 after buying an additional 15,159,167 shares in the last quarter. State Street Corp raised its position in shares of 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 valued at $457,878,000 after buying an additional 360,249 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of 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 buying an additional 1,886,376 shares in the last quarter. Finally, Thornburg Investment Management Inc. raised its position in shares of Las Vegas Sands Corp. by 39.0% in the first quarter. Thornburg Investment Management Inc. now owns 4,187,059 shares of the casino operator’s stock valued at $238,955,000 after buying an additional 1,174,688 shares in the last quarter. 38.03% of the stock is currently owned by institutional investors and hedge funds.

Shares of Las Vegas Sands Corp. (NYSE:LVS) opened at 62.87 on Friday. The stock has a market cap of $49.79 billion, a P/E ratio of 24.46 and a beta of 1.78. The company’s 50-day moving average is $61.15 and its 200-day moving average is $59.13. Las Vegas Sands Corp. has a 12-month low of $49.89 and a 12-month high of $66.22.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Wednesday, September 20th. Las Vegas Sands Corp.’s payout ratio is 113.18%.

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Several research analysts recently issued reports on LVS shares. Wells Fargo & Company reissued a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Tuesday, July 4th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 price objective (up from $58.00) on shares of Las Vegas Sands Corp. in a research note on Monday, July 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $72.00 price objective (up from $70.00) on shares of Las Vegas Sands Corp. in a research note on Thursday, July 27th. Bank of America Corporation reaffirmed a “buy” rating and issued a $67.00 price objective (up from $65.00) on shares of Las Vegas Sands Corp. in a research note on Friday, July 21st. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $54.00 price objective (up from $52.00) on shares of Las Vegas Sands Corp. in a research note on Thursday, July 27th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $63.10.

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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