Pioneer Investment Management Inc. reduced its stake in Las Vegas Sands Corp. (NYSE:LVS) by 27.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 131,163 shares of the casino operator’s stock after selling 48,516 shares during the period. Pioneer Investment Management Inc.’s holdings in Las Vegas Sands Corp. were worth $8,380,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Alaska Department of Revenue bought a new stake in shares of Las Vegas Sands Corp. during the first quarter valued at about $119,000. Rothschild Investment Corp IL increased its stake 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 valued at $9,189,000 after buying an additional 1,075 shares during the period. Huntington National Bank increased its stake 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 valued at $182,000 after buying an additional 115 shares during the period. Moody National Bank Trust Division bought a new stake in shares of Las Vegas Sands Corp. during the first quarter valued at about $669,000. Finally, DnB Asset Management AS increased its stake 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 valued at $2,733,000 after buying an additional 7,100 shares during the period. Institutional investors own 38.27% of the company’s stock.

Shares of Las Vegas Sands Corp. (LVS) opened at 59.66 on Friday. Las Vegas Sands Corp. has a 1-year low of $49.89 and a 1-year high of $66.22. The stock has a 50 day moving average price of $62.08 and a 200-day moving average price of $58.29. The company has a market cap of $47.25 billion, a P/E ratio of 23.21 and a beta of 1.81.

Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings data on Wednesday, July 26th. The casino operator reported $0.73 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the prior year, the business earned $0.52 EPS. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. Analysts predict that Las Vegas Sands Corp. will post $2.74 earnings per share for the current fiscal year.

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

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Several analysts recently issued reports on LVS shares. Wells Fargo & Company reissued a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Tuesday, July 4th. Morgan Stanley reissued an “equal weight” rating and issued a $62.00 price target (up previously from $58.00) on shares of Las Vegas Sands Corp. in a report on Monday, July 10th. Stifel Nicolaus reissued a “buy” rating and issued a $72.00 price target (up previously from $70.00) on shares of Las Vegas Sands Corp. in a report on Thursday, July 27th. Deutsche Bank AG raised their price target on Las Vegas Sands Corp. from $50.00 to $52.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $67.00 price target (up previously from $65.00) on shares of Las Vegas Sands Corp. in a report on Friday, July 21st. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $63.10.

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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