Veritable L.P. cut its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 28.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,109 shares of the casino operator’s stock after selling 1,627 shares during the quarter. Veritable L.P.’s holdings in Las Vegas Sands Corp. were worth $263,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Global X Management Co. LLC boosted its stake in shares of Las Vegas Sands Corp. by 8.3% in the second quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock worth $106,000 after acquiring an additional 126 shares during the last quarter. Ffcm LLC boosted its stake in shares of Las Vegas Sands Corp. by 90.9% in the second quarter. Ffcm LLC now owns 2,436 shares of the casino operator’s stock worth $153,000 after acquiring an additional 1,160 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Las Vegas Sands Corp. by 24.4% in the second quarter. State of Alaska Department of Revenue now owns 2,603 shares of the casino operator’s stock worth $166,000 after acquiring an additional 510 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Las Vegas Sands Corp. by 143.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,731 shares of the casino operator’s stock worth $174,000 after acquiring an additional 1,610 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd boosted its stake in shares of Las Vegas Sands Corp. by 87.2% in the first quarter. Point72 Asia Hong Kong Ltd now owns 2,994 shares of the casino operator’s stock worth $171,000 after acquiring an additional 1,395 shares during the last quarter. Institutional investors and hedge funds own 38.01% of the company’s stock.

Las Vegas Sands Corp. (NYSE LVS) opened at 65.04 on Friday. The firm has a market cap of $51.51 billion, a price-to-earnings ratio of 25.31 and a beta of 1.76. Las Vegas Sands Corp. has a 1-year low of $51.35 and a 1-year high of $66.22. The firm’s 50-day moving average price is $62.78 and its 200-day moving average price is $60.78.

Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings results on Wednesday, July 26th. The casino operator reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.14. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate 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 was up 18.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 earnings per share. On average, equities research analysts anticipate that Las Vegas Sands Corp. will post $2.75 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, September 21st were given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 4.49%. The ex-dividend date was Wednesday, September 20th. Las Vegas Sands Corp.’s payout ratio is 113.18%.

ILLEGAL ACTIVITY WARNING: “Las Vegas Sands Corp. (LVS) Stake Lowered by Veritable L.P.” was published by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this story can be accessed at https://www.dailypolitical.com/2017/10/06/las-vegas-sands-corp-lvs-stake-lowered-by-veritable-l-p.html.

A number of analysts have recently issued reports on LVS shares. Instinet reaffirmed a “neutral” rating and issued a $54.00 price target (up from $50.00) on shares of Las Vegas Sands Corp. in a research note on Monday, June 19th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 price target on shares of Las Vegas Sands Corp. in a research note on Tuesday, July 4th. Wells Fargo & Company reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Tuesday, July 4th. CLSA reaffirmed a “buy” rating on shares of Las Vegas Sands Corp. in a research note on Wednesday, July 5th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 price target (up from $58.00) on shares of Las Vegas Sands Corp. in a research note on Monday, July 10th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Las Vegas Sands Corp. currently has an average rating of “Hold” and an average price target of $64.14.

Las Vegas Sands Corp. 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.

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

Receive News & Ratings for Las Vegas Sands Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands Corp. and related companies with MarketBeat.com's FREE daily email newsletter.