Monetta Financial Services Inc. purchased a new position in Las Vegas Sands Corp. (NYSE:LVS) during the second quarter, according to its most recent filing with the SEC. The institutional investor purchased 20,000 shares of the casino operator’s stock, valued at approximately $1,278,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in LVS. American Century Companies Inc. boosted its position in shares of Las Vegas Sands Corp. by 7.8% in the first quarter. American Century Companies Inc. now owns 2,484,262 shares of the casino operator’s stock worth $141,777,000 after buying an additional 178,759 shares in the last quarter. Empire Life Investments Inc. boosted its position in shares of Las Vegas Sands Corp. by 23.1% in the first quarter. Empire Life Investments Inc. now owns 56,634 shares of the casino operator’s stock worth $2,810,000 after buying an additional 10,629 shares in the last quarter. Chase Investment Counsel Corp acquired a new position in shares of Las Vegas Sands Corp. during the first quarter worth approximately $235,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Las Vegas Sands Corp. by 1.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,231,122 shares of the casino operator’s stock worth $70,260,000 after buying an additional 15,640 shares in the last quarter. Finally, Grimes & Company Inc. boosted its position in shares of Las Vegas Sands Corp. by 3.0% in the first quarter. Grimes & Company Inc. now owns 93,090 shares of the casino operator’s stock worth $5,313,000 after buying an additional 2,669 shares in the last quarter. Hedge funds and other institutional investors own 38.03% of the company’s stock.

Las Vegas Sands Corp. (LVS) traded up 1.4343% during mid-day trading on Thursday, reaching $61.4286. 477,258 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $61.25 and a 200-day moving average of $58.82. Las Vegas Sands Corp. has a 12 month low of $49.89 and a 12 month high of $66.22. The firm has a market cap of $48.65 billion, a price-to-earnings ratio of 23.9022 and a beta of 1.81.

Las Vegas Sands Corp. (NYSE:LVS) last announced its quarterly earnings data on Wednesday, July 26th. The casino operator reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.14. Las Vegas Sands Corp. had a net margin of 16.66% and a return on equity of 29.91%. The company had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the prior year, the company earned $0.52 EPS. The firm’s revenue was up 18.5% on a year-over-year basis. Analysts anticipate that Las Vegas Sands Corp. will post $2.74 earnings per share for the current year.

The company 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. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $2.92 dividend on an annualized basis and a yield of 4.82%. Las Vegas Sands Corp.’s dividend payout ratio is currently 113.18%.

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A number of research analysts have recently issued reports on the stock. Instinet reiterated a “neutral” rating and issued a $54.00 target price (up previously from $50.00) on shares of Las Vegas Sands Corp. in a research note on Monday, June 19th. Zacks Investment Research upgraded 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 note on Tuesday, June 27th. Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 target price on shares of Las Vegas Sands Corp. in a research note on Tuesday, July 4th. Wells Fargo & Company reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Tuesday, July 4th. Finally, Vetr cut shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $64.62 target price for the company. in a research note on Monday, June 5th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock 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.

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

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