Las Vegas Sands Corp. $LVS Shares Sold by Deutsche Bank AG

Deutsche Bank AG reduced its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 7.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,663,434 shares of the casino operator’s stock after selling 126,636 shares during the quarter. Deutsche Bank AG’s holdings in Las Vegas Sands were worth $76,834,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in Las Vegas Sands in the fourth quarter valued at about $26,000. DV Equities LLC bought a new position in Las Vegas Sands during the 4th quarter worth approximately $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in Las Vegas Sands during the 4th quarter worth approximately $29,000. Wilmington Savings Fund Society FSB lifted its holdings in Las Vegas Sands by 254.8% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock worth $36,000 after buying an additional 400 shares during the last quarter. Finally, IFP Advisors Inc grew its position in shares of Las Vegas Sands by 182.4% in the 3rd quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock worth $36,000 after acquiring an additional 434 shares in the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Las Vegas Sands Trading Down 1.2%

Las Vegas Sands stock opened at $46.00 on Friday. Las Vegas Sands Corp. has a 52-week low of $44.21 and a 52-week high of $70.45. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 15.27. The firm has a market capitalization of $29.79 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 1.15 and a beta of 0.85. The firm has a 50-day moving average price of $46.77 and a two-hundred day moving average price of $51.43.

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

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Tuesday, August 4th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, August 4th. Las Vegas Sands’s dividend payout ratio is 46.69%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LVS. Mizuho lowered their price target on Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating for the company in a report on Thursday, July 23rd. Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 30th. Bank of America decreased their price objective on shares of Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating for the company in a report on Monday, July 20th. Wall Street Zen lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Susquehanna dropped their target price on shares of Las Vegas Sands from $64.00 to $63.00 and set a “positive” rating on the stock in a report on Wednesday, July 22nd. Ten analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $61.88.

Las Vegas Sands Profile

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.