PensionDanmark Pensionsforsikringsaktieselskab Sells 21,318 Shares of Las Vegas Sands Corp. $LVS

PensionDanmark Pensionsforsikringsaktieselskab reduced its position in Las Vegas Sands Corp. (NYSE:LVS) by 29.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,022 shares of the casino operator’s stock after selling 21,318 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Las Vegas Sands were worth $2,311,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LVS. International Assets Investment Management LLC bought a new position in shares of Las Vegas Sands during the 4th quarter valued at approximately $26,000. DV Equities LLC bought a new stake in Las Vegas Sands in the fourth quarter worth $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in Las Vegas Sands in the fourth quarter worth $29,000. IFP Advisors Inc raised its stake in Las Vegas Sands by 182.4% during the third quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock valued at $36,000 after purchasing an additional 434 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its stake in Las Vegas Sands by 254.8% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock valued at $36,000 after purchasing an additional 400 shares in the last quarter. 39.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LVS. Stifel Nicolaus dropped their price objective on shares of Las Vegas Sands from $74.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Citigroup decreased their target price on shares of Las Vegas Sands from $78.50 to $73.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Seaport Research Partners lowered their price target on shares of Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Wells Fargo & Company dropped their price target on Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 14th. Finally, HSBC boosted their price objective on Las Vegas Sands from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $61.88.

Las Vegas Sands Price Performance

Shares of LVS stock opened at $45.46 on Tuesday. Las Vegas Sands Corp. has a 52-week low of $44.21 and a 52-week high of $70.45. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.99 and a current ratio of 1.00. The firm has a market capitalization of $29.44 billion, a P/E ratio of 17.69, a P/E/G ratio of 1.13 and a beta of 0.85. The stock has a 50 day moving average price of $47.56 and a 200 day moving average price of $52.14.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.17). Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same period last year, the company earned $0.66 EPS. The business’s revenue was down .7% compared to the same quarter last year. As a group, sell-side analysts predict that Las Vegas Sands Corp. will post 3.09 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, August 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. Las Vegas Sands’s dividend payout ratio is presently 46.69%.

About Las Vegas Sands

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.