Bank of New York Mellon Corp decreased its stake in Las Vegas Sands Corp. (NYSE:LVS) by 1.2% during the third quarter, Holdings Channel reports. The fund owned 5,035,659 shares of the casino operator’s stock after selling 58,620 shares during the period. Bank of New York Mellon Corp’s holdings in Las Vegas Sands Corp. were worth $289,751,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Northern Cross LLC raised its stake in Las Vegas Sands Corp. by 5.8% in the second quarter. Northern Cross LLC now owns 39,053,967 shares of the casino operator’s stock valued at $1,698,457,000 after buying an additional 2,131,779 shares during the last quarter. Vontobel Asset Management Inc. raised its stake in Las Vegas Sands Corp. by 29.9% in the third quarter. Vontobel Asset Management Inc. now owns 6,233,310 shares of the casino operator’s stock valued at $363,695,000 after buying an additional 1,434,774 shares during the last quarter. Newport Asia LLC purchased a new stake in Las Vegas Sands Corp. during the second quarter valued at $58,394,000. AQR Capital Management LLC raised its stake in Las Vegas Sands Corp. by 422.2% in the second quarter. AQR Capital Management LLC now owns 1,653,159 shares of the casino operator’s stock valued at $71,896,000 after buying an additional 1,336,611 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in Las Vegas Sands Corp. by 127.6% in the second quarter. UBS Asset Management Americas Inc. now owns 2,039,239 shares of the casino operator’s stock valued at $88,688,000 after buying an additional 1,143,077 shares during the last quarter. 39.82% of the stock is owned by institutional investors.

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

Shares of Las Vegas Sands Corp. (NYSE:LVS) opened at 62.55 on Tuesday. The company has a market capitalization of $49.71 billion, a price-to-earnings ratio of 30.54 and a beta of 1.98. The stock has a 50 day moving average of $58.88 and a 200-day moving average of $52.19. Las Vegas Sands Corp. has a 1-year low of $34.88 and a 1-year high of $63.38.

Las Vegas Sands Corp. (NYSE:LVS) last issued its earnings results on Thursday, November 3rd. The casino operator reported $0.72 EPS for the quarter, topping the consensus estimate of $0.60 by $0.12. Las Vegas Sands Corp. had a net margin of 14.53% and a return on equity of 23.24%. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the previous year, the firm earned $0.66 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. Analysts forecast that Las Vegas Sands Corp. will post $2.35 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Wednesday, December 21st will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend is Monday, December 19th. Las Vegas Sands Corp.’s payout ratio is 140.49%.

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Several analysts recently commented on LVS shares. Argus raised shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and lifted their target price for the stock from $56.54 to $67.00 in a report on Wednesday, September 14th. Buckingham Research started coverage on shares of Las Vegas Sands Corp. in a report on Thursday, August 11th. They set a “neutral” rating and a $55.00 target price for the company. Vetr downgraded shares of Las Vegas Sands Corp. from a “strong-buy” rating to a “buy” rating and set a $65.98 target price for the company. in a report on Monday, October 10th. Wells Fargo & Co. reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Monday, October 10th. Finally, Bank of America Corp. raised shares of Las Vegas Sands Corp. from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $58.87 to $63.00 in a report on Tuesday, October 4th. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Las Vegas Sands Corp. has a consensus rating of “Buy” and an average target price of $57.33.

Las Vegas Sands Corp. Company Profile

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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