Bp Plc continued to hold its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) during the second quarter, Holdings Channel reports. The firm owned 48,000 shares of the casino operator’s stock at the end of the second quarter. Bp Plc’s holdings in Las Vegas Sands Corp. were worth $3,066,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its stake in shares of Las Vegas Sands Corp. by 55.9% in the first quarter. Ameriprise Financial Inc. now owns 2,418,814 shares of the casino operator’s stock valued at $138,022,000 after buying an additional 867,643 shares during the period. United Services Automobile Association increased its stake in shares of Las Vegas Sands Corp. by 27.5% in the first quarter. United Services Automobile Association now owns 594,863 shares of the casino operator’s stock valued at $33,949,000 after buying an additional 128,315 shares during the period. Knights of Columbus Asset Advisors LLC bought a new stake in shares of Las Vegas Sands Corp. during the first quarter valued at about $1,039,000. Kings Point Capital Management increased its stake in shares of Las Vegas Sands Corp. by 50.0% in the first quarter. Kings Point Capital Management now owns 84,758 shares of the casino operator’s stock valued at $4,837,000 after buying an additional 28,266 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Las Vegas Sands Corp. by 1.5% in the first quarter. Legal & General Group Plc now owns 1,768,012 shares of the casino operator’s stock valued at $100,899,000 after buying an additional 26,259 shares during the period. Institutional investors and hedge funds own 38.27% of the company’s stock.

Shares of Las Vegas Sands Corp. (NYSE LVS) opened at 60.78 on Thursday. The stock has a market cap of $48.14 billion, a PE ratio of 23.65 and a beta of 1.81. The company’s 50-day moving average price is $62.33 and its 200-day moving average price is $58.24. Las Vegas Sands Corp. has a one year low of $49.89 and a one year high of $66.22.

Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings data on Wednesday, July 26th. The casino operator reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.14. Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. Las Vegas Sands Corp.’s revenue was up 18.5% compared to the same quarter last year. Equities research analysts anticipate that Las Vegas Sands Corp. will post $2.73 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend is Wednesday, September 20th. Las Vegas Sands Corp.’s payout ratio is currently 113.18%.

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Several equities research analysts recently issued reports on LVS shares. CLSA reiterated a “buy” rating on shares of Las Vegas Sands Corp. in a report on Thursday, April 27th. Bank of America Corporation reiterated a “buy” rating and set a $67.00 price target (up previously from $65.00) on shares of Las Vegas Sands Corp. in a report on Friday, July 21st. Aegis reiterated a “buy” rating and set a $60.00 price target (up previously from $59.00) on shares of Las Vegas Sands Corp. in a report on Sunday, April 23rd. Barclays PLC upgraded Las Vegas Sands Corp. from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $55.00 to $68.00 in a report on Friday, May 12th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $54.00 price target (up previously from $52.00) on shares of Las Vegas Sands Corp. in a report on Thursday, July 27th. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $62.65.

About Las Vegas Sands Corp.

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.

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

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