Russell Investments Group Ltd. cut its stake in Las Vegas Sands Corp. (NYSE:LVS) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 955,088 shares of the casino operator’s stock after selling 12,789 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.12% of Las Vegas Sands Corp. worth $61,278,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Stephens Inc. AR raised its position in shares of 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 purchasing an additional 31 shares during the period. Baldwin Investment Management LLC raised its position in shares of 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 purchasing an additional 40 shares during the period. Lee Financial Co raised its position in shares of 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 purchasing an additional 43 shares during the period. Wagner Bowman Management Corp raised its position in shares of 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 purchasing an additional 61 shares during the period. Finally, Toronto Dominion Bank raised its position in shares of 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 purchasing an additional 94 shares during the period. 38.24% of the stock is currently owned by institutional investors.

Las Vegas Sands Corp. (LVS) traded down $0.18 on Friday, hitting $66.50. 1,478,732 shares of the stock were exchanged, compared to its average volume of 3,296,998. Las Vegas Sands Corp. has a one year low of $51.35 and a one year high of $68.41. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 1.38. The firm has a market cap of $52,710.00, a P/E ratio of 24.20 and a beta of 1.78.

Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.10. Las Vegas Sands Corp. had a net margin of 16.80% and a return on equity of 31.11%. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same period last year, the company posted $0.72 EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. equities analysts predict that Las Vegas Sands Corp. will post 2.87 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 21st will be given a dividend of $0.73 per share. The ex-dividend date is Wednesday, December 20th. This represents a $2.92 annualized dividend and a yield of 4.39%. Las Vegas Sands Corp.’s dividend payout ratio is presently 110.19%.

In other Las Vegas Sands Corp. news, Director George Jamieson bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were acquired at an average cost of $66.96 per share, for a total transaction of $66,960.00. Following the transaction, the director now directly owns 6,488 shares in the company, valued at $434,436.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 10.10% of the stock is owned by company insiders.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Deutsche Bank AG reaffirmed a “hold” rating and set a $54.00 price target (up from $52.00) on shares of Las Vegas Sands Corp. in a research report on Thursday, July 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $72.00 price target (up from $70.00) on shares of Las Vegas Sands Corp. in a research report on Thursday, July 27th. Morgan Stanley raised shares of Las Vegas Sands Corp. from an “equal weight” rating to an “overweight” rating and set a $65.00 price target on the stock in a research report on Monday, November 6th. Finally, Telsey Advisory Group raised their price target on shares of Las Vegas Sands Corp. from $64.00 to $66.00 and gave the stock a “market perform” rating in a research report on Thursday, July 27th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $65.31.

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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.

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

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