Las Vegas Sands Corp. $LVS Shares Sold by North Dakota State Investment Board

North Dakota State Investment Board decreased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 57.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,115 shares of the casino operator’s stock after selling 12,143 shares during the quarter. North Dakota State Investment Board’s holdings in Las Vegas Sands were worth $421,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in LVS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Las Vegas Sands by 8.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock valued at $1,207,000 after purchasing an additional 2,418 shares during the last quarter. Woodline Partners LP lifted its holdings in shares of Las Vegas Sands by 38.9% in the first quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock valued at $1,122,000 after buying an additional 8,132 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Las Vegas Sands by 91.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator’s stock valued at $93,000 after purchasing an additional 1,027 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in Las Vegas Sands during the second quarter worth approximately $414,000. Finally, Cerity Partners LLC boosted its stake in shares of Las Vegas Sands by 70.0% during the 2nd quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock worth $766,000 after acquiring an additional 7,243 shares in the last quarter. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Stock Up 1.0%

Shares of LVS stock opened at $46.21 on Friday. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.00 and a quick ratio of 0.99. The stock has a fifty day moving average price of $47.17 and a 200 day moving average price of $51.80. Las Vegas Sands Corp. has a one year low of $44.21 and a one year high of $70.45. The stock has a market cap of $29.93 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 1.14 and a beta of 0.85.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.31 billion. Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The business’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.66 EPS. Analysts predict that Las Vegas Sands Corp. will post 3.09 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.6%. The ex-dividend date was Tuesday, August 4th. Las Vegas Sands’s dividend payout ratio is currently 46.69%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $62.00 target price (down from $73.00) on shares of Las Vegas Sands in a research report on Thursday, July 23rd. Bank of America dropped their target price on Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. Seaport Research Partners cut their price target on shares of Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Morgan Stanley cut their price objective on Las Vegas Sands from $68.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Monday, July 27th. Finally, Stifel Nicolaus cut their target price on shares of Las Vegas Sands from $74.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Las Vegas Sands has a consensus rating of “Hold” and an average target price of $61.88.

Las Vegas Sands Company Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.