Las Vegas Sands Corp. (NYSE:LVS) Shares Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. raised its position in Las Vegas Sands Corp. (NYSE:LVS) by 4.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,814 shares of the casino operator’s stock after buying an additional 258 shares during the period. Stratos Wealth Partners LTD.’s holdings in Las Vegas Sands Corp. were worth $371,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Las Vegas Sands Corp. by 4.0% in the first quarter. Vanguard Group Inc. now owns 19,712,172 shares of the casino operator’s stock worth $1,124,974,000 after buying an additional 755,714 shares during the last quarter. BlackRock Inc. raised its stake in shares of Las Vegas Sands Corp. by 2,504.7% in the first quarter. BlackRock Inc. now owns 15,764,400 shares of the casino operator’s stock worth $899,674,000 after buying an additional 15,159,167 shares during the last quarter. State Street Corp raised its stake in shares of Las Vegas Sands Corp. by 4.7% in the first quarter. State Street Corp now owns 8,023,114 shares of the casino operator’s stock worth $457,878,000 after buying an additional 360,249 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Las Vegas Sands Corp. by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 4,620,419 shares of the casino operator’s stock worth $263,687,000 after buying an additional 28,172 shares during the last quarter. Finally, Thornburg Investment Management Inc. raised its stake in shares of Las Vegas Sands Corp. by 39.0% in the first quarter. Thornburg Investment Management Inc. now owns 4,187,059 shares of the casino operator’s stock worth $238,955,000 after buying an additional 1,174,688 shares during the last quarter. Hedge funds and other institutional investors own 38.52% of the company’s stock.

Las Vegas Sands Corp. (LVS) traded down 0.17% during mid-day trading on Friday, hitting $60.01. 2,830,601 shares of the stock were exchanged. The stock has a market cap of $47.53 billion, a price-to-earnings ratio of 23.35 and a beta of 1.81. The stock has a 50 day moving average of $61.57 and a 200-day moving average of $58.52. Las Vegas Sands Corp. has a 52-week low of $49.89 and a 52-week high of $66.22.

Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings data on Wednesday, July 26th. The casino operator reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.14. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.01 billion. Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 earnings per share. Equities analysts predict that Las Vegas Sands Corp. will post $2.74 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be issued 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 payout ratio is currently 113.18%.

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LVS has been the subject of a number of recent research reports. Wells Fargo & Company restated a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Tuesday, July 4th. Morgan Stanley reiterated an “equal weight” rating and set a $62.00 price target (up from $58.00) on shares of Las Vegas Sands Corp. in a report on Monday, July 10th. Stifel Nicolaus reiterated a “buy” rating and set a $72.00 price target (up from $70.00) on shares of Las Vegas Sands Corp. in a report on Thursday, July 27th. Deutsche Bank AG upped their price target on shares of Las Vegas Sands Corp. from $50.00 to $52.00 and gave the company a “hold” rating in a report on Friday, April 28th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $67.00 price target (up from $65.00) on shares of Las Vegas Sands Corp. in a report on Friday, July 21st. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Buy” and an average 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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