New Jersey Better Educational Savings Trust decreased its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 42.9% during the second quarter, Holdings Channel reports. The institutional investor owned 4,000 shares of the casino operator’s stock after selling 3,000 shares during the period. New Jersey Better Educational Savings Trust’s holdings in Las Vegas Sands Corp. were worth $256,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new position in shares of Las Vegas Sands Corp. during the first quarter worth about $119,000. Rothschild Investment Corp IL increased its position in shares of Las Vegas Sands Corp. by 0.7% in the first quarter. Rothschild Investment Corp IL now owns 161,021 shares of the casino operator’s stock worth $9,189,000 after buying an additional 1,075 shares during the period. Huntington National Bank increased its position in shares of Las Vegas Sands Corp. by 3.7% in the first quarter. Huntington National Bank now owns 3,185 shares of the casino operator’s stock worth $182,000 after buying an additional 115 shares during the period. Moody National Bank Trust Division acquired a new position in shares of Las Vegas Sands Corp. during the first quarter worth about $669,000. Finally, DnB Asset Management AS increased its position in shares of Las Vegas Sands Corp. by 17.4% in the first quarter. DnB Asset Management AS now owns 47,897 shares of the casino operator’s stock worth $2,733,000 after buying an additional 7,100 shares during the period. 38.27% of the stock is owned by hedge funds and other institutional investors.

Shares of Las Vegas Sands Corp. (NYSE LVS) opened at 59.66 on Friday. The firm has a market cap of $47.25 billion, a PE ratio of 23.21 and a beta of 1.81. The stock’s 50 day moving average price is $62.08 and its 200 day moving average price is $58.29. Las Vegas Sands Corp. has a 12-month low of $49.89 and a 12-month high of $66.22.

Las Vegas Sands Corp. (NYSE:LVS) last announced its earnings results on Wednesday, July 26th. The casino operator reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.14. Las Vegas Sands Corp. had a net margin of 16.66% and a return on equity of 29.91%. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the business earned $0.52 EPS. The company’s revenue was up 18.5% on a year-over-year basis. On average, equities research analysts predict that Las Vegas Sands Corp. will post $2.74 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 21st will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend is Wednesday, September 20th. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is currently 113.18%.

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A number of equities analysts have recently issued reports on LVS shares. CLSA reissued a “buy” rating on shares of Las Vegas Sands Corp. in a research note on Thursday, April 27th. Bank of America Corporation reissued a “buy” rating and set a $67.00 target price (up from $65.00) on shares of Las Vegas Sands Corp. in a research note on Friday, July 21st. Aegis reissued a “buy” rating and set a $60.00 target price (up from $59.00) on shares of Las Vegas Sands Corp. in a research note on Sunday, April 23rd. Deutsche Bank AG reissued a “hold” rating and set a $54.00 target price (up from $52.00) on shares of Las Vegas Sands Corp. in a research note on Thursday, July 27th. Finally, Barclays PLC raised Las Vegas Sands Corp. from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $55.00 to $68.00 in a research note on Friday, May 12th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $63.10.

Las Vegas Sands Corp. Company Profile

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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