Pictet Asset Management Ltd. Has $63.40 Million Holdings in Las Vegas Sands Corp. (LVS)

Pictet Asset Management Ltd. lowered its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 988,100 shares of the casino operator’s stock after selling 5,602 shares during the period. Pictet Asset Management Ltd. owned 0.12% of Las Vegas Sands Corp. worth $63,397,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Segment Wealth Management LLC lifted its holdings in Las Vegas Sands Corp. by 4.2% during the third quarter. Segment Wealth Management LLC now owns 45,715 shares of the casino operator’s stock worth $2,933,000 after buying an additional 1,840 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in Las Vegas Sands Corp. by 25.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 500,000 shares of the casino operator’s stock worth $32,080,000 after buying an additional 100,000 shares during the period. Korea Investment CORP lifted its holdings in Las Vegas Sands Corp. by 4.8% during the third quarter. Korea Investment CORP now owns 238,518 shares of the casino operator’s stock worth $15,303,000 after buying an additional 10,900 shares during the period. Aperio Group LLC lifted its holdings in Las Vegas Sands Corp. by 17.2% during the third quarter. Aperio Group LLC now owns 105,487 shares of the casino operator’s stock worth $6,768,000 after buying an additional 15,461 shares during the period. Finally, Financial Sense Advisors Inc. purchased a new stake in Las Vegas Sands Corp. during the third quarter worth $759,000. Institutional investors own 38.27% of the company’s stock.

A number of analysts have weighed in on LVS shares. Wells Fargo & Company restated a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Tuesday, July 4th. Morgan Stanley restated an “equal weight” rating and set a $62.00 target price (up previously from $58.00) on shares of Las Vegas Sands Corp. in a report on Monday, July 10th. Stifel Nicolaus restated a “buy” rating and set a $72.00 target price (up previously from $70.00) on shares of Las Vegas Sands Corp. in a report on Thursday, July 27th. Roth Capital started coverage on Las Vegas Sands Corp. in a report on Wednesday, October 25th. They set a “buy” rating and a $69.00 target price for the company. Finally, Zacks Investment Research lowered Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a report on Tuesday. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Las Vegas Sands Corp. has an average rating of “Hold” and an average price target of $65.04.

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Las Vegas Sands Corp. (NYSE LVS) opened at 63.38 on Wednesday. The firm has a market capitalization of $50.20 billion, a P/E ratio of 24.66 and a beta of 1.76. Las Vegas Sands Corp. has a 52-week low of $51.35 and a 52-week high of $66.22. The company has a 50 day moving average price of $63.37 and a 200 day moving average price of $61.63.

Las Vegas Sands Corp. (NYSE:LVS) last announced its quarterly earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.10. Las Vegas Sands Corp. had a net margin of 16.80% and a return on equity of 30.84%. The firm had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the previous year, the company earned $0.72 earnings per share. Las Vegas Sands Corp.’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts forecast that Las Vegas Sands Corp. will post $2.85 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 21st will be given a $0.73 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $2.92 dividend on an annualized basis and a yield of 4.61%. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is presently 110.19%.

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.

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

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