Atalanta Sosnoff Capital LLC decreased its position in Las Vegas Sands Corp. (NYSE:LVS) by 39.5% during the second quarter, Holdings Channel reports. The firm owned 15,500 shares of the casino operator’s stock after selling 10,120 shares during the period. Atalanta Sosnoff Capital LLC’s holdings in Las Vegas Sands Corp. were worth $674,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in LVS. Pioneer Investment Management Inc. raised its position in Las Vegas Sands Corp. by 30.8% in the fourth quarter. Pioneer Investment Management Inc. now owns 131,163 shares of the casino operator’s stock worth $5,750,000 after buying an additional 30,872 shares during the period. Nomura Asset Management Co. Ltd. raised its position in shares of Las Vegas Sands Corp. by 0.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 47,593 shares of the casino operator’s stock valued at $2,086,000 after buying an additional 400 shares during the period. DnB Asset Management AS raised its position in shares of Las Vegas Sands Corp. by 30.0% in the first quarter. DnB Asset Management AS now owns 31,597 shares of the casino operator’s stock valued at $1,633,000 after buying an additional 7,300 shares during the period. Acadian Asset Management LLC raised its position in shares of Las Vegas Sands Corp. by 63.2% in the first quarter. Acadian Asset Management LLC now owns 28,346 shares of the casino operator’s stock valued at $1,465,000 after buying an additional 10,975 shares during the period. Finally, PGGM Investments raised its position in shares of Las Vegas Sands Corp. by 2.5% in the first quarter. PGGM Investments now owns 265,233 shares of the casino operator’s stock valued at $13,707,000 after buying an additional 6,442 shares during the period. 37.88% of the stock is currently owned by institutional investors.

Shares of Las Vegas Sands Corp. (NYSE:LVS) traded up 0.85% during mid-day trading on Wednesday, hitting $56.76. The company had a trading volume of 3,707,421 shares. The stock’s 50-day moving average is $53.32 and its 200-day moving average is $49.11. The stock has a market cap of $45.10 billion, a price-to-earnings ratio of 27.63 and a beta of 2.09. Las Vegas Sands Corp. has a 52-week low of $34.88 and a 52-week high of $58.65.

Las Vegas Sands Corp. (NYSE:LVS) last announced its quarterly earnings data on Monday, July 25th. The casino operator reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.04. Las Vegas Sands Corp. had a net margin of 14.69% and a return on equity of 22.12%. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period in the prior year, the company posted $0.60 EPS. The firm’s quarterly revenue was down 9.3% on a year-over-year basis. Equities analysts forecast that Las Vegas Sands Corp. will post $2.20 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 22nd will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 5.07%. The ex-dividend date is Tuesday, September 20th. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is presently 140.49%.

Several brokerages have recently commented on LVS. Deutsche Bank AG reaffirmed a “hold” rating on shares of Las Vegas Sands Corp. in a research note on Friday, September 16th. Credit Agricole SA upped their price target on Las Vegas Sands Corp. from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Monday. Argus raised Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and upped their price target for the company from $56.54 to $67.00 in a research note on Wednesday, September 14th. Citigroup Inc. reaffirmed a “buy” rating and issued a $62.00 price target on shares of Las Vegas Sands Corp. in a research note on Wednesday, September 14th. Finally, Stifel Nicolaus upped their price target on Las Vegas Sands Corp. from $56.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, September 8th. Eleven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Las Vegas Sands Corp. presently has a consensus rating of “Buy” and a consensus price target of $54.29.

About Las Vegas Sands Corp.

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that offers 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.

5 Day Chart for NYSE:LVS

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