Poplar Forest Capital LLC cut its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,695 shares of the casino operator’s stock after selling 270 shares during the quarter. Poplar Forest Capital LLC’s holdings in Las Vegas Sands Corp. were worth $2,344,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its position in Las Vegas Sands Corp. by 2,504.7% during the 1st quarter. BlackRock Inc. now owns 15,764,400 shares of the casino operator’s stock valued at $899,674,000 after purchasing an additional 15,159,167 shares during the last quarter. Bank of New York Mellon Corp grew its position in Las Vegas Sands Corp. by 40.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,506,795 shares of the casino operator’s stock valued at $415,720,000 after purchasing an additional 1,886,376 shares during the last quarter. Nicholas Investment Partners LP grew its position in Las Vegas Sands Corp. by 2,418.0% during the 1st quarter. Nicholas Investment Partners LP now owns 1,500,000 shares of the casino operator’s stock valued at $85,605,000 after purchasing an additional 1,440,429 shares during the last quarter. Investec Asset Management LTD purchased a new stake in Las Vegas Sands Corp. during the 1st quarter valued at about $74,167,000. Finally, Thornburg Investment Management Inc. grew its position in Las Vegas Sands Corp. by 39.0% during the 1st quarter. Thornburg Investment Management Inc. now owns 4,187,059 shares of the casino operator’s stock valued at $238,955,000 after purchasing an additional 1,174,688 shares during the last quarter. 38.03% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently commented on LVS shares. Vetr raised shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $63.09 price objective on the stock in a research report on Wednesday, May 31st. Instinet reissued a “neutral” rating and set a $54.00 price objective (up from $50.00) on shares of Las Vegas Sands Corp. in a research report on Monday, June 19th. Zacks Investment Research raised shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Tuesday, June 27th. Stifel Nicolaus reissued a “buy” rating and set a $66.00 price objective on shares of Las Vegas Sands Corp. in a research report on Tuesday, July 4th. Finally, Wells Fargo & Company reissued a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Tuesday, July 4th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $62.91.

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Shares of Las Vegas Sands Corp. (LVS) traded down 1.31% during trading on Friday, hitting $63.25. 2,957,845 shares of the stock traded hands. The firm has a market cap of $50.09 billion, a price-to-earnings ratio of 24.61 and a beta of 1.78. The stock has a 50 day moving average of $61.54 and a 200 day moving average of $59.85. Las Vegas Sands Corp. has a 52-week low of $51.35 and a 52-week high of $66.22.

Las Vegas Sands Corp. (NYSE:LVS) last issued its earnings results on Wednesday, July 26th. The casino operator reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.14. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.01 billion. Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. Las Vegas Sands Corp.’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 earnings per share. Analysts expect that Las Vegas Sands Corp. will post $2.74 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be given a $0.73 dividend. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $2.92 dividend on an annualized basis and a yield of 4.62%. Las Vegas Sands Corp.’s dividend payout ratio is currently 113.18%.

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.

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

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