State Street Corp decreased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 10.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,215,665 shares of the casino operator’s stock after selling 807,449 shares during the quarter. State Street Corp owned about 0.91% of Las Vegas Sands Corp. worth $461,009,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Las Vegas Sands Corp. by 1.6% during the second quarter. Vanguard Group Inc. now owns 20,034,880 shares of the casino operator’s stock valued at $1,280,029,000 after purchasing an additional 322,708 shares in the last quarter. BlackRock Inc. raised its stake in Las Vegas Sands Corp. by 2.3% during the second quarter. BlackRock Inc. now owns 16,129,966 shares of the casino operator’s stock valued at $1,030,543,000 after purchasing an additional 365,566 shares in the last quarter. Capital World Investors raised its stake in Las Vegas Sands Corp. by 14.5% during the second quarter. Capital World Investors now owns 9,998,000 shares of the casino operator’s stock valued at $638,772,000 after purchasing an additional 1,263,000 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Las Vegas Sands Corp. by 40.8% during 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 purchasing an additional 1,886,376 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Las Vegas Sands Corp. by 41.3% during the second quarter. American Century Companies Inc. now owns 3,509,869 shares of the casino operator’s stock valued at $224,246,000 after purchasing an additional 1,025,607 shares in the last quarter. 38.01% of the stock is currently owned by institutional investors.

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A number of equities research analysts recently issued reports on LVS shares. Instinet reaffirmed a “neutral” rating and set a $54.00 price target (up previously from $50.00) on shares of Las Vegas Sands Corp. in a research note on Monday, June 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 price target on shares of Las Vegas Sands Corp. in a research note on Tuesday, July 4th. Wells Fargo & Company reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Tuesday, July 4th. CLSA reaffirmed a “buy” rating on shares of Las Vegas Sands Corp. in a research note on Wednesday, July 5th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $62.00 price target (up previously from $58.00) on shares of Las Vegas Sands Corp. in a research note on Monday, July 10th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $64.66.

Las Vegas Sands Corp. (LVS) opened at 61.561 on Friday. The stock has a market cap of $48.76 billion, a P/E ratio of 23.954 and a beta of 1.76. The company has a 50-day moving average of $63.22 and a 200 day moving average of $61.04. Las Vegas Sands Corp. has a 1-year low of $51.35 and a 1-year high of $66.22.

Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings data 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 analyst estimates of $3.01 billion. Las Vegas Sands Corp. had a net margin of 16.66% and a return on equity of 29.91%. Las Vegas Sands Corp.’s revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 EPS. Analysts predict that Las Vegas Sands Corp. will post $2.76 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 21st were issued a $0.73 dividend. The ex-dividend date of this dividend was Wednesday, September 20th. This represents a $2.92 annualized dividend and a yield of 4.73%. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is currently 113.18%.

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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