Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by ING Groep NV

ING Groep NV lowered its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 19.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,800 shares of the casino operator’s stock after selling 4,493 shares during the period. ING Groep NV’s holdings in Las Vegas Sands Corp. were worth $1,201,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wagner Bowman Management Corp increased its position in shares of Las Vegas Sands Corp. by 1.1% in the second quarter. Wagner Bowman Management Corp now owns 5,666 shares of the casino operator’s stock worth $362,000 after buying an additional 61 shares in the last quarter. Arizona State Retirement System increased its position in shares of Las Vegas Sands Corp. by 0.3% in the first quarter. Arizona State Retirement System now owns 36,374 shares of the casino operator’s stock worth $2,076,000 after buying an additional 100 shares in the last quarter. North Star Investment Management Corp. increased its position in shares of Las Vegas Sands Corp. by 0.6% in the second quarter. North Star Investment Management Corp. now owns 15,725 shares of the casino operator’s stock worth $1,005,000 after buying an additional 100 shares in the last quarter. Huntington National Bank increased its position in shares of Las Vegas Sands Corp. by 3.7% in the first quarter. Huntington National Bank now owns 3,185 shares of the casino operator’s stock worth $182,000 after buying an additional 115 shares in the last quarter. Finally, Agran Libbie increased its position in shares of Las Vegas Sands Corp. by 1.0% in the first quarter. Agran Libbie now owns 17,690 shares of the casino operator’s stock worth $1,010,000 after buying an additional 175 shares in the last quarter. Institutional investors own 38.52% of the company’s stock.

Las Vegas Sands Corp. (LVS) traded down 0.17% during midday trading on Friday, hitting $60.01. The stock had a trading volume of 2,830,601 shares. Las Vegas Sands Corp. has a 52-week low of $49.89 and a 52-week high of $66.22. The firm has a market capitalization of $47.53 billion, a P/E ratio of 23.35 and a beta of 1.81. The firm has a 50-day moving average of $61.57 and a 200 day moving average of $58.52.

Las Vegas Sands Corp. (NYSE:LVS) last released its earnings results on Wednesday, July 26th. The casino operator reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same period last year, the company earned $0.52 earnings per share. The company’s quarterly revenue was up 18.5% on a year-over-year basis. On average, equities analysts forecast that Las Vegas Sands Corp. will post $2.74 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be given a $0.73 dividend. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $2.92 annualized dividend and a dividend yield of 4.87%. Las Vegas Sands Corp.’s dividend payout ratio is presently 113.18%.

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Several analysts have weighed in on LVS shares. Telsey Advisory Group lifted their price objective on Las Vegas Sands Corp. from $58.00 to $62.00 and gave the company a “market perform” rating in a research report on Thursday, April 27th. Vetr raised Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $63.09 price objective on the stock in a research report 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 report on Monday, July 10th. UBS AG reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Monday, July 10th. Finally, CLSA reaffirmed a “buy” rating on shares of Las Vegas Sands Corp. in a research report on Wednesday, July 5th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price 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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