Mitsubishi UFJ Kokusai Asset Management Co. Ltd. cut its stake in Las Vegas Sands Corp. (NYSE:LVS) by 8.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,320 shares of the casino operator’s stock after selling 11,157 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Las Vegas Sands Corp. were worth $7,559,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. TrimTabs Asset Management LLC raised its stake in Las Vegas Sands Corp. by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 1,837 shares of the casino operator’s stock worth $105,000 after buying an additional 864 shares during the period. Global X Management Co. LLC raised its stake in Las Vegas Sands Corp. by 8.3% in the second quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock worth $106,000 after buying an additional 126 shares during the period. Financial Architects Inc raised its stake in Las Vegas Sands Corp. by 226.1% in the first quarter. Financial Architects Inc now owns 1,875 shares of the casino operator’s stock worth $107,000 after buying an additional 1,300 shares during the period. State of Alaska Department of Revenue acquired a new stake in Las Vegas Sands Corp. during the first quarter worth about $119,000. Finally, Nikko Asset Management Americas Inc. acquired a new stake in Las Vegas Sands Corp. during the first quarter worth about $154,000. Hedge funds and other institutional investors own 38.27% of the company’s stock.

Las Vegas Sands Corp. (NYSE:LVS) opened at 60.16 on Friday. The firm’s 50-day moving average is $62.21 and its 200 day moving average is $58.26. The stock has a market capitalization of $47.65 billion, a P/E ratio of 23.41 and a beta of 1.81. 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 posted its quarterly earnings results on Wednesday, July 26th. The casino operator reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.14. The firm 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%. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 earnings per share. On average, equities analysts anticipate that Las Vegas Sands Corp. will post $2.74 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 21st will be paid a dividend of $0.73 per share. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $2.92 annualized dividend and a yield of 4.85%. Las Vegas Sands Corp.’s payout ratio is 113.18%.

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A number of research firms have issued reports on LVS. Stifel Nicolaus reiterated a “buy” rating and set a $70.00 target price (up from $66.00) on shares of Las Vegas Sands Corp. in a report on Tuesday, July 18th. Aegis reiterated a “buy” rating and set a $60.00 target price (up from $59.00) on shares of Las Vegas Sands Corp. in a report on Sunday, April 23rd. UBS AG reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Monday, July 10th. Instinet reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Monday, July 17th. Finally, Telsey Advisory Group increased their target price on shares of Las Vegas Sands Corp. from $58.00 to $62.00 and gave the stock a “market perform” rating in a report on Thursday, April 27th. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $62.65.

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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