Penn Davis Mcfarland Inc. lowered its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 8.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 189,761 shares of the casino operator’s stock after selling 18,517 shares during the period. Las Vegas Sands Corp. comprises about 3.2% of Penn Davis Mcfarland Inc.’s portfolio, making the stock its 15th largest position. Penn Davis Mcfarland Inc.’s holdings in Las Vegas Sands Corp. were worth $10,830,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of LVS. S&CO Inc. acquired a new stake in shares of Las Vegas Sands Corp. during the third quarter worth approximately $328,000. World Asset Management Inc boosted its stake in shares of Las Vegas Sands Corp. by 55.3% in the third quarter. World Asset Management Inc now owns 16,100 shares of the casino operator’s stock worth $926,000 after buying an additional 5,733 shares during the period. DnB Asset Management AS boosted its stake in shares of Las Vegas Sands Corp. by 5.6% in the third quarter. DnB Asset Management AS now owns 35,797 shares of the casino operator’s stock worth $2,060,000 after buying an additional 1,900 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Las Vegas Sands Corp. by 1.8% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 131,813 shares of the casino operator’s stock worth $7,585,000 after buying an additional 2,341 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Las Vegas Sands Corp. by 3.8% in the third quarter. Great West Life Assurance Co. Can now owns 270,822 shares of the casino operator’s stock worth $15,563,000 after buying an additional 9,826 shares during the period. 40.16% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Las Vegas Sands Corp. (NYSE:LVS)

Las Vegas Sands Corp. (NYSE:LVS) traded up 1.91% during midday trading on Thursday, hitting $57.77. 3,621,989 shares of the stock traded hands. The company has a 50-day moving average of $55.88 and a 200-day moving average of $56.37. The stock has a market cap of $45.92 billion, a PE ratio of 27.51 and a beta of 1.91. Las Vegas Sands Corp. has a 12 month low of $41.45 and a 12 month high of $63.38. Las Vegas Sands Corp. also was the target of some unusual options trading on Thursday. Traders bought 1,620 call options on the company. This represents an increase of 335% compared to the typical volume of 372 call options.

Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings data on Wednesday, January 25th. The casino operator reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.03. The business earned $3.08 billion during the quarter, compared to analysts’ expectations of $3.11 billion. Las Vegas Sands Corp. had a net margin of 14.64% and a return on equity of 23.75%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 earnings per share. On average, equities research analysts anticipate that Las Vegas Sands Corp. will post $2.55 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Thursday, March 23rd were given a $0.73 dividend. The ex-dividend date of this dividend was Tuesday, March 21st. This is a boost from Las Vegas Sands Corp.’s previous quarterly dividend of $0.72. This represents a $2.92 dividend on an annualized basis and a dividend yield of 5.05%. Las Vegas Sands Corp.’s payout ratio is 137.14%.

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LVS has been the topic of a number of research reports. Deutsche Bank AG restated a “hold” rating on shares of Las Vegas Sands Corp. in a report on Tuesday, March 7th. Zacks Investment Research cut shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a research note on Monday, January 30th. Vetr cut shares of Las Vegas Sands Corp. from a “strong-buy” rating to a “buy” rating and set a $62.30 price target on the stock. in a research note on Wednesday, January 25th. Wells Fargo & Co reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Tuesday, March 21st. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $63.00 price target on shares of Las Vegas Sands Corp. in a research note on Thursday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Las Vegas Sands Corp. currently has a consensus rating of “Hold” and a consensus target price of $58.87.

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.

5 Day Chart for NYSE:LVS

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