TIAA CREF Investment Management LLC raised its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 4.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,287,126 shares of the casino operator’s stock after buying an additional 94,889 shares during the quarter. TIAA CREF Investment Management LLC owned 0.29% of Las Vegas Sands Corp. worth $146,124,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Global X Management Co. LLC lifted its stake in Las Vegas Sands Corp. by 8.3% during the second quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock valued at $106,000 after buying an additional 126 shares in the last quarter. TrimTabs Asset Management LLC lifted its stake in Las Vegas Sands Corp. by 88.8% during the first quarter. TrimTabs Asset Management LLC now owns 1,837 shares of the casino operator’s stock valued at $105,000 after buying an additional 864 shares in the last quarter. Ffcm LLC lifted its stake in Las Vegas Sands Corp. by 90.9% during the second quarter. Ffcm LLC now owns 2,436 shares of the casino operator’s stock valued at $153,000 after buying an additional 1,160 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Las Vegas Sands Corp. by 24.4% during the second quarter. State of Alaska Department of Revenue now owns 2,603 shares of the casino operator’s stock valued at $166,000 after buying an additional 510 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Las Vegas Sands Corp. by 143.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,731 shares of the casino operator’s stock valued at $174,000 after buying an additional 1,610 shares in the last quarter. 38.03% of the stock is owned by institutional investors.

Las Vegas Sands Corp. (NYSE LVS) traded down 0.51% on Thursday, hitting $64.11. The company had a trading volume of 100,540 shares. The stock has a 50 day moving average of $61.39 and a 200-day moving average of $59.72. The stock has a market capitalization of $50.78 billion, a PE ratio of 24.95 and a beta of 1.78. Las Vegas Sands Corp. has a one year low of $51.35 and a one year high of $66.22.

Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings results on Wednesday, July 26th. The casino operator reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.14. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.01 billion. Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. Las Vegas Sands Corp.’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share. Equities analysts anticipate that Las Vegas Sands Corp. will post $2.74 EPS for the current year.

The firm 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 4.53%. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is currently 113.18%.

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A number of research firms have commented on LVS. Vetr raised shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $63.09 price objective for the company in a research note on Wednesday, May 31st. Morgan Stanley reaffirmed an “equal weight” rating and set a $62.00 price objective (up from $58.00) on shares of Las Vegas Sands Corp. in a research note on Monday, July 10th. UBS AG reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Monday, July 10th. Stifel Nicolaus reaffirmed a “buy” rating and set a $72.00 price objective (up from $70.00) on shares of Las Vegas Sands Corp. in a research note on Thursday, July 27th. Finally, CLSA reaffirmed a “buy” rating on shares of Las Vegas Sands Corp. in a research note on Wednesday, July 5th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $63.10.

Las Vegas Sands Corp. 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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