Meiji Yasuda Asset Management Co Ltd. decreased its stake in Las Vegas Sands Corp. (NYSE:LVS) by 8.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,211 shares of the casino operator’s stock after selling 480 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Las Vegas Sands Corp. were worth $333,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of LVS. BlackRock Inc. increased 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. Bank of New York Mellon Corp increased 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. Nicholas Investment Partners LP increased its position in shares of Las Vegas Sands Corp. by 2,418.0% in the first quarter. Nicholas Investment Partners LP now owns 1,500,000 shares of the casino operator’s stock valued at $85,605,000 after buying an additional 1,440,429 shares in the last quarter. Investec Asset Management LTD purchased a new position in shares of Las Vegas Sands Corp. during the first quarter valued at about $74,167,000. Finally, Thornburg Investment Management Inc. increased 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 60.56 on Thursday. The stock has a market capitalization of $47.96 billion, a PE ratio of 23.56 and a beta of 1.81. Las Vegas Sands Corp. has a one year low of $49.89 and a one year high of $66.22. The firm’s 50-day moving average is $61.25 and its 200-day moving average is $58.82.

Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings results on Wednesday, July 26th. The casino operator reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.14. Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period last year, the company earned $0.52 earnings per share. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, analysts expect that Las Vegas Sands Corp. will post $2.74 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 4.82%. The ex-dividend date is Wednesday, September 20th. Las Vegas Sands Corp.’s dividend payout ratio is presently 113.18%.

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Several brokerages have recently issued reports on LVS. Zacks Investment Research downgraded shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Deutsche Bank AG reiterated a “hold” rating and issued a $54.00 target price (up previously from $52.00) on shares of Las Vegas Sands Corp. in a research note on Thursday, July 27th. Stifel Nicolaus reiterated a “buy” rating and issued a $72.00 target price (up previously from $70.00) on shares of Las Vegas Sands Corp. in a research note on Thursday, July 27th. Telsey Advisory Group upped their target price on shares of Las Vegas Sands Corp. from $64.00 to $66.00 and gave the stock a “market perform” rating in a research note on Thursday, July 27th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $67.00 target price (up previously from $65.00) on shares of Las Vegas Sands Corp. in a research note on Friday, July 21st. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Las Vegas Sands Corp. currently has an average rating of “Buy” and a consensus 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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