Vanguard Group Inc. Has $1.12 Billion Stake in Las Vegas Sands Corp. (LVS)

Vanguard Group Inc. boosted its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 4.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,712,172 shares of the casino operator’s stock after buying an additional 755,714 shares during the period. Vanguard Group Inc. owned 2.48% of Las Vegas Sands Corp. worth $1,124,974,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the stock. Aviva PLC increased its stake in shares of Las Vegas Sands Corp. by 7.2% in the fourth quarter. Aviva PLC now owns 262,775 shares of the casino operator’s stock valued at $14,035,000 after buying an additional 17,754 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Las Vegas Sands Corp. during the fourth quarter valued at approximately $2,174,000. First Capital Advisors Group LLC. purchased a new stake in shares of Las Vegas Sands Corp. during the fourth quarter valued at approximately $595,000. Federated Investors Inc. PA increased its stake in shares of Las Vegas Sands Corp. by 6.4% in the fourth quarter. Federated Investors Inc. PA now owns 512,200 shares of the casino operator’s stock valued at $27,357,000 after buying an additional 30,800 shares during the last quarter. Finally, TCW Group Inc. increased its stake in shares of Las Vegas Sands Corp. by 14.0% in the fourth quarter. TCW Group Inc. now owns 19,815 shares of the casino operator’s stock valued at $1,059,000 after buying an additional 2,433 shares during the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

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

Las Vegas Sands Corp. (NYSE LVS) traded down 1.18% during midday trading on Tuesday, hitting $64.62. 2,966,186 shares of the stock traded hands. The company’s 50-day moving average is $60.32 and its 200 day moving average is $56.62. The firm has a market cap of $51.31 billion, a P/E ratio of 28.10 and a beta of 1.75. Las Vegas Sands Corp. has a 12-month low of $41.45 and a 12-month high of $66.22.

Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings results on Wednesday, April 26th. The casino operator reported $0.66 EPS for the quarter, beating the consensus estimate of $0.62 by $0.04. The company had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $3.11 billion. Las Vegas Sands Corp. had a return on equity of 26.93% and a net margin of 15.51%. The firm’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS. On average, analysts anticipate that Las Vegas Sands Corp. will post $2.59 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 22nd will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend is Tuesday, June 20th. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is 126.96%.

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LVS has been the subject of several research analyst reports. Stifel Nicolaus raised their target price on shares of Las Vegas Sands Corp. from $63.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, April 27th. Deutsche Bank AG raised their target price on shares of Las Vegas Sands Corp. from $50.00 to $52.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Susquehanna Bancshares Inc reaffirmed a “buy” rating and set a $69.00 target price on shares of Las Vegas Sands Corp. in a research note on Friday, April 28th. CLSA reaffirmed a “buy” rating on shares of Las Vegas Sands Corp. in a research note on Thursday, April 27th. Finally, Vetr cut shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $61.32 target price for the company. in a research note on Wednesday, April 26th. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $61.48.

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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