Legal & General Group Plc increased its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 0.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,629,484 shares of the casino operator’s stock after buying an additional 3,100 shares during the quarter. Legal & General Group Plc owned about 0.21% of Las Vegas Sands worth $104,546,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Capstone Asset Management Co. purchased a new stake in shares of Las Vegas Sands during the second quarter worth $208,000. State of Alaska Department of Revenue increased its position in shares of Las Vegas Sands by 24.4% during 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 period. IBM Retirement Fund increased its position in shares of Las Vegas Sands by 116.8% during the second quarter. IBM Retirement Fund now owns 8,778 shares of the casino operator’s stock worth $627,000 after acquiring an additional 4,729 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Las Vegas Sands by 37.5% during the second quarter. Janney Montgomery Scott LLC now owns 81,983 shares of the casino operator’s stock worth $5,238,000 after acquiring an additional 22,360 shares during the period. Finally, Lee Financial Co grew its stake in shares of Las Vegas Sands by 1.4% during the second quarter. Lee Financial Co now owns 3,091 shares of the casino operator’s stock worth $197,000 after purchasing an additional 43 shares in the last quarter. 37.42% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Wednesday, November 8th. Morgan Stanley upgraded shares of Las Vegas Sands from an “equal weight” rating to an “overweight” rating and set a $65.00 price objective for the company in a research note on Monday, November 6th. Roth Capital assumed coverage on shares of Las Vegas Sands in a research note on Wednesday, October 25th. They issued a “buy” rating and a $69.00 price objective for the company. Nomura upped their price objective on shares of Las Vegas Sands from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, October 26th. Finally, Gabelli upped their price objective on shares of Las Vegas Sands from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $65.31.

In related news, Director George Jamieson bought 1,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was bought at an average cost of $66.96 per share, with a total value of $66,960.00. Following the completion of the acquisition, the director now owns 6,488 shares in the company, valued at approximately $434,436.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 10.10% of the company’s stock.

Las Vegas Sands Corp. (LVS) traded up $0.55 during midday trading on Friday, reaching $69.84. 3,349,734 shares of the company traded hands, compared to its average volume of 3,268,291. The stock has a market capitalization of $55,210.00, a PE ratio of 24.59 and a beta of 1.78. Las Vegas Sands Corp. has a 52-week low of $51.35 and a 52-week high of $70.46. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 1.38.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, December 21st will be issued a $0.73 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $2.92 dividend on an annualized basis and a yield of 4.18%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 110.19%.

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Las Vegas Sands 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 (NYSE:LVS)

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