Las Vegas Sands Corp. (NYSE:LVS) saw unusually large options trading activity on Monday. Investors purchased 12,488 put options on the company. This represents an increase of approximately 427% compared to the average volume of 2,370 put options.

A number of brokerages recently issued reports on LVS. Instinet reiterated a “neutral” rating and issued a $54.00 price target (up previously from $50.00) on shares of Las Vegas Sands Corp. in a research note on Monday, June 19th. Zacks Investment Research upgraded shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Tuesday, June 27th. Stifel Nicolaus reiterated a “buy” rating on shares of Las Vegas Sands Corp. in a research note on Sunday, September 3rd. Wells Fargo & Company reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Tuesday, July 4th. Finally, Vetr cut shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $64.62 price target on the stock. in a research note on Monday, June 5th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Las Vegas Sands Corp. presently has an average rating of “Hold” and a consensus price target of $63.26.

Several institutional investors have recently added to or reduced their stakes in the stock. Stephens Inc. AR lifted its holdings in Las Vegas Sands Corp. by 0.7% in the second quarter. Stephens Inc. AR now owns 4,389 shares of the casino operator’s stock valued at $280,000 after acquiring an additional 31 shares during the period. Baldwin Investment Management LLC lifted its holdings in Las Vegas Sands Corp. by 0.6% in the second quarter. Baldwin Investment Management LLC now owns 6,473 shares of the casino operator’s stock valued at $414,000 after acquiring an additional 40 shares during the period. Lee Financial Co lifted its holdings in Las Vegas Sands Corp. by 1.4% in the second quarter. Lee Financial Co now owns 3,091 shares of the casino operator’s stock valued at $197,000 after acquiring an additional 43 shares during the period. Wagner Bowman Management Corp lifted its holdings in Las Vegas Sands Corp. by 1.1% in the second quarter. Wagner Bowman Management Corp now owns 5,666 shares of the casino operator’s stock valued at $362,000 after acquiring an additional 61 shares during the period. Finally, Toronto Dominion Bank lifted its holdings in Las Vegas Sands Corp. by 0.4% in the second quarter. Toronto Dominion Bank now owns 24,878 shares of the casino operator’s stock valued at $1,592,000 after acquiring an additional 94 shares during the period. 38.01% of the stock is owned by hedge funds and other institutional investors.

Shares of Las Vegas Sands Corp. (NYSE:LVS) opened at 63.63 on Thursday. The stock’s 50 day moving average is $61.70 and its 200 day moving average is $60.09. Las Vegas Sands Corp. has a 52-week low of $51.35 and a 52-week high of $66.22. The stock has a market cap of $50.39 billion, a price-to-earnings ratio of 24.76 and a beta of 1.78.

Las Vegas Sands Corp. (NYSE:LVS) last released its earnings results on Wednesday, July 26th. The casino operator reported $0.73 EPS for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue was up 18.5% compared to the same quarter last year. On average, equities 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. Investors of record on Thursday, September 21st will be issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date is Wednesday, September 20th. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is 113.18%.

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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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