Wagner Bowman Management Corp reduced its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 2.5% during the second quarter, Holdings Channel reports. The institutional investor owned 5,880 shares of the casino operator’s stock after selling 150 shares during the period. Wagner Bowman Management Corp’s holdings in Las Vegas Sands Corp. were worth $255,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in LVS. Aperio Group LLC increased its position in shares of Las Vegas Sands Corp. by 53.0% in the first quarter. Aperio Group LLC now owns 86,300 shares of the casino operator’s stock valued at $4,460,000 after buying an additional 29,878 shares during the last quarter. Commonwealth Equity Services Inc increased its position in shares of Las Vegas Sands Corp. by 13.7% in the first quarter. Commonwealth Equity Services Inc now owns 20,271 shares of the casino operator’s stock valued at $1,048,000 after buying an additional 2,437 shares during the last quarter. Sanders Morris Harris Inc. acquired a new position in shares of Las Vegas Sands Corp. during the first quarter valued at about $1,158,000. Wade G W & Inc. increased its position in shares of Las Vegas Sands Corp. by 25.8% in the first quarter. Wade G W & Inc. now owns 6,888 shares of the casino operator’s stock valued at $356,000 after buying an additional 1,412 shares during the last quarter. Finally, Sumitomo Life Insurance Co. increased its position in shares of Las Vegas Sands Corp. by 49.9% in the first quarter. Sumitomo Life Insurance Co. now owns 35,942 shares of the casino operator’s stock valued at $1,857,000 after buying an additional 11,963 shares during the last quarter. 37.88% of the stock is currently owned by institutional investors and hedge funds.

Las Vegas Sands Corp. (NYSE:LVS) traded up 0.85% during mid-day trading on Wednesday, reaching $56.76. The company had a trading volume of 3,707,421 shares. Las Vegas Sands Corp. has a one year low of $34.88 and a one year high of $58.65. The company has a market capitalization of $45.10 billion, a P/E ratio of 27.63 and a beta of 2.09. The stock has a 50 day moving average price of $53.32 and a 200 day moving average price of $49.11.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 22nd will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend 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 equities analysts have issued reports on the company. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Las Vegas Sands Corp. in a research report on Sunday, July 17th. Wells Fargo & Co. reiterated a “hold” rating on shares of Las Vegas Sands Corp. in a research report on Saturday, June 4th. Deutsche Bank AG restated a “hold” rating on shares of Las Vegas Sands Corp. in a research report on Sunday, June 26th. Barclays PLC set a $49.00 target price on Las Vegas Sands Corp. and gave the stock a “hold” rating in a research report on Wednesday, July 27th. Finally, Zacks Investment Research upgraded Las Vegas Sands Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, July 14th. Eleven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price 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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