Las Vegas Sands Corp. (LVS) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 30.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,526,283 shares of the casino operator’s stock after selling 1,980,512 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.57% of Las Vegas Sands Corp. worth $290,405,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale increased its holdings in shares of Las Vegas Sands Corp. by 51.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 609,411 shares of the casino operator’s stock valued at $37,584,000 after acquiring an additional 206,496 shares during the period. Teacher Retirement System of Texas increased its holdings in shares of Las Vegas Sands Corp. by 118.6% in the 3rd quarter. Teacher Retirement System of Texas now owns 9,160 shares of the casino operator’s stock valued at $588,000 after acquiring an additional 4,969 shares during the period. Rhumbline Advisers increased its holdings in shares of Las Vegas Sands Corp. by 2.6% in the 3rd quarter. Rhumbline Advisers now owns 337,080 shares of the casino operator’s stock valued at $21,627,000 after acquiring an additional 8,386 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Las Vegas Sands Corp. by 55.2% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 605,483 shares of the casino operator’s stock valued at $38,848,000 after acquiring an additional 215,408 shares during the period. Finally, Toronto Dominion Bank increased its holdings in shares of Las Vegas Sands Corp. by 47.6% in the 3rd quarter. Toronto Dominion Bank now owns 36,730 shares of the casino operator’s stock valued at $2,359,000 after acquiring an additional 11,852 shares during the period. 38.24% of the stock is currently owned by institutional investors and hedge funds.

Shares of Las Vegas Sands Corp. (LVS) traded up $0.29 during mid-day trading on Friday, reaching $66.97. 135,973 shares of the company traded hands, compared to its average volume of 3,304,763. Las Vegas Sands Corp. has a 12-month low of $51.35 and a 12-month high of $68.41. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 1.38. The firm has a market cap of $52,369.30, a P/E ratio of 23.83 and a beta of 1.78.

Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings data on Wednesday, October 25th. The casino operator reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.10. Las Vegas Sands Corp. had a net margin of 16.80% and a return on equity of 31.11%. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the prior year, the company posted $0.72 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. sell-side analysts predict that Las Vegas Sands Corp. will post 2.87 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 21st will be paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date of this dividend is Wednesday, December 20th. Las Vegas Sands Corp.’s dividend payout ratio is currently 110.19%.

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LVS has been the topic of several recent research reports. Stifel Nicolaus reissued a “buy” rating on shares of Las Vegas Sands Corp. in a research note on Sunday, September 3rd. Bank of America Corporation reissued a “buy” rating and issued a $67.00 price objective (up from $65.00) on shares of Las Vegas Sands Corp. in a research note on Friday, July 21st. Zacks Investment Research raised shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Friday, October 13th. Deutsche Bank AG reissued a “hold” rating and issued a $54.00 price objective (up from $52.00) on shares of Las Vegas Sands Corp. in a research note on Thursday, July 27th. Finally, Roth Capital initiated coverage on shares of Las Vegas Sands Corp. in a research note on Wednesday, October 25th. They issued a “buy” rating and a $69.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $65.31.

In related news, Director George Jamieson acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was bought at an average price of $66.96 per share, with a total value of $66,960.00. Following the purchase, the director now directly owns 6,488 shares in the company, valued at approximately $434,436.48. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 10.10% of the company’s stock.

About Las Vegas Sands Corp.

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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