Dai Ichi Life Insurance Company Ltd lessened its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 9.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,003 shares of the casino operator’s stock after selling 1,542 shares during the quarter. Dai Ichi Life Insurance Company Ltd’s holdings in Las Vegas Sands Corp. were worth $959,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Baldwin Investment Management LLC increased its position in Las Vegas Sands Corp. by 0.6% during the 2nd quarter. Baldwin Investment Management LLC now owns 6,473 shares of the casino operator’s stock worth $414,000 after purchasing an additional 40 shares in the last quarter. Lee Financial Co increased its position in Las Vegas Sands Corp. by 1.4% during the 2nd quarter. Lee Financial Co now owns 3,091 shares of the casino operator’s stock worth $197,000 after purchasing an additional 43 shares in the last quarter. Wagner Bowman Management Corp increased its position in Las Vegas Sands Corp. by 1.1% during the 2nd quarter. Wagner Bowman Management Corp now owns 5,666 shares of the casino operator’s stock worth $362,000 after purchasing an additional 61 shares in the last quarter. Arizona State Retirement System increased its position in Las Vegas Sands Corp. by 0.3% during the 1st quarter. Arizona State Retirement System now owns 36,374 shares of the casino operator’s stock worth $2,076,000 after purchasing an additional 100 shares in the last quarter. Finally, North Star Investment Management Corp. increased its position in Las Vegas Sands Corp. by 0.6% during the 2nd quarter. North Star Investment Management Corp. now owns 15,725 shares of the casino operator’s stock worth $1,005,000 after purchasing an additional 100 shares in the last quarter. 38.03% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Corp. (NYSE:LVS) opened at 63.25 on Friday. The stock has a market capitalization of $50.09 billion, a PE ratio of 24.61 and a beta of 1.78. Las Vegas Sands Corp. has a 1-year low of $51.35 and a 1-year high of $66.22. The stock’s 50 day moving average price is $61.54 and its 200 day moving average price is $59.85.

Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings results on Wednesday, July 26th. The casino operator reported $0.73 EPS for the quarter, topping 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%. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 EPS. Equities research analysts forecast that Las Vegas Sands Corp. will post $2.74 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 21st will be given a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 4.62%. The ex-dividend date is Wednesday, September 20th. Las Vegas Sands Corp.’s dividend payout ratio is currently 113.18%.

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LVS has been the subject of a number of research analyst reports. Bank of America Corporation reissued a “buy” rating and set a $67.00 target price (up previously from $65.00) on shares of Las Vegas Sands Corp. in a research report on Friday, July 21st. Stifel Nicolaus reissued a “buy” rating and set a $70.00 target price (up previously from $66.00) on shares of Las Vegas Sands Corp. in a research report on Tuesday, July 18th. Zacks Investment Research raised shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Tuesday, June 27th. Vetr raised shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $63.09 target price for the company in a research report on Wednesday, May 31st. Finally, CLSA reissued a “buy” rating on shares of Las Vegas Sands Corp. in a research report on Wednesday, July 5th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $62.91.

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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