Las Vegas Sands Corp. (LVS) Shares Sold by Vontobel Asset Management Inc.

Vontobel Asset Management Inc. reduced its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 4.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 5,391,340 shares of the casino operator’s stock after selling 255,022 shares during the period. Las Vegas Sands Corp. makes up 2.7% of Vontobel Asset Management Inc.’s portfolio, making the stock its 12th largest position. Vontobel Asset Management Inc. owned 0.68% of Las Vegas Sands Corp. worth $349,535,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Newport Asia LLC boosted its stake in shares of Las Vegas Sands Corp. by 3.1% in the second quarter. Newport Asia LLC now owns 2,045,700 shares of the casino operator’s stock worth $130,699,000 after buying an additional 60,600 shares during the period. Capstone Asset Management Co. purchased a new stake in shares of Las Vegas Sands Corp. during the second quarter worth about $208,000. Fox Run Management L.L.C. purchased a new stake in shares of Las Vegas Sands Corp. during the second quarter worth about $856,000. Handelsbanken Fonder AB boosted its stake in shares of Las Vegas Sands Corp. by 210.2% in the second quarter. Handelsbanken Fonder AB now owns 152,000 shares of the casino operator’s stock worth $9,711,000 after buying an additional 103,000 shares during the period. Finally, Piedmont Investment Advisors LLC boosted its stake in shares of Las Vegas Sands Corp. by 0.9% in the first quarter. Piedmont Investment Advisors LLC now owns 76,019 shares of the casino operator’s stock worth $4,338,000 after buying an additional 661 shares during the period. 38.24% of the stock is owned by hedge funds and other institutional investors.

Shares of Las Vegas Sands Corp. (LVS) traded up 1.00% during mid-day trading on Wednesday, reaching $62.51. The company had a trading volume of 147,979 shares. The company has a market capitalization of $49.63 billion, a PE ratio of 27.18 and a beta of 1.81. Las Vegas Sands Corp. has a 52-week low of $43.51 and a 52-week high of $66.22. The company’s 50-day moving average price is $61.65 and its 200-day moving average price is $56.95.

Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings results on Wednesday, April 26th. The casino operator reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.04. Las Vegas Sands Corp. had a net margin of 15.51% and a return on equity of 26.93%. The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the prior year, the business posted $0.45 earnings per share. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, analysts forecast that Las Vegas Sands Corp. will post $2.61 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 22nd were issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend was Tuesday, June 20th. Las Vegas Sands Corp.’s payout ratio is 126.96%.

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A number of analysts have weighed in on LVS shares. UBS AG reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Monday. 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. CLSA reaffirmed a “buy” rating on shares of Las Vegas Sands Corp. in a research report on Wednesday, July 5th. Wells Fargo & Company reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Tuesday, July 4th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 price objective on shares of Las Vegas Sands Corp. in a research report on Tuesday, July 4th. Eleven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Las Vegas Sands Corp. currently has a consensus rating of “Buy” and a consensus price target of $61.92.

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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