Vetr lowered shares of Las Vegas Sands Corp. (NYSE:LVS) from a buy rating to a hold rating in a research note released on Monday morning. They currently have $64.98 price objective on the casino operator’s stock.

Other equities analysts also recently issued research reports about the stock. Morgan Stanley restated an equal weight rating and set a $58.00 price objective (up previously from $54.00) on shares of Las Vegas Sands Corp. in a report on Sunday, November 6th. Zacks Investment Research upgraded shares of Las Vegas Sands Corp. from a hold rating to a strong-buy rating and set a $68.00 price objective on the stock in a report on Tuesday, November 8th. Bank of America Corp. upgraded shares of Las Vegas Sands Corp. from a neutral rating to a buy rating and upped their price objective for the company from $58.87 to $63.00 in a report on Tuesday, October 4th. Goldman Sachs Group Inc. restated a neutral rating on shares of Las Vegas Sands Corp. in a report on Wednesday, October 5th. Finally, Deutsche Bank AG restated a hold rating on shares of Las Vegas Sands Corp. in a report on Friday, September 16th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $57.33.

Las Vegas Sands Corp. (NYSE:LVS) opened at 62.67 on Monday. The stock has a market cap of $49.80 billion, a P/E ratio of 30.60 and a beta of 1.98. The firm’s 50-day moving average is $58.97 and its 200 day moving average is $52.31. Las Vegas Sands Corp. has a one year low of $34.88 and a one year high of $63.38.

Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings results on Thursday, November 3rd. The casino operator reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.12. The business earned $2.97 billion during the quarter, compared to analyst estimates of $2.80 billion. Las Vegas Sands Corp. had a net margin of 14.53% and a return on equity of 23.24%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 earnings per share. On average, analysts anticipate that Las Vegas Sands Corp. will post $2.35 EPS for the current fiscal year.

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

In other Las Vegas Sands Corp. news, COO Robert G. Goldstein sold 169,111 shares of the firm’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of $62.84, for a total value of $10,626,935.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 10.10% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in LVS. Cullen Frost Bankers Inc. raised its position in shares of Las Vegas Sands Corp. by 76.5% in the second quarter. Cullen Frost Bankers Inc. now owns 348,400 shares of the casino operator’s stock worth $15,152,000 after buying an additional 151,006 shares during the last quarter. Vontobel Asset Management Inc. raised its position in shares of 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 worth $363,695,000 after buying an additional 1,434,774 shares during the last quarter. Minneapolis Portfolio Management Group LLC raised its position in shares of Las Vegas Sands Corp. by 12.5% in the second quarter. Minneapolis Portfolio Management Group LLC now owns 406,940 shares of the casino operator’s stock worth $17,698,000 after buying an additional 45,215 shares during the last quarter. Aperio Group LLC raised its position in shares of Las Vegas Sands Corp. by 7.8% in the third quarter. Aperio Group LLC now owns 91,980 shares of the casino operator’s stock worth $5,293,000 after buying an additional 6,625 shares during the last quarter. Finally, Artemis Investment Management LLP raised its position in shares of Las Vegas Sands Corp. by 1.1% in the second quarter. Artemis Investment Management LLP now owns 1,017,128 shares of the casino operator’s stock worth $44,240,000 after buying an additional 11,271 shares during the last quarter. Institutional investors own 39.82% of the company’s stock.

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

To view Vetr’s full report, visit Vetr’s official website.

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