Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co decreased its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 16.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,854 shares of the casino operator’s stock after selling 5,693 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Las Vegas Sands were worth $1,277,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Clearbridge Investments LLC lifted its holdings in Las Vegas Sands by 3.1% during the 4th quarter. Clearbridge Investments LLC now owns 629,182 shares of the casino operator’s stock worth $30,962,000 after buying an additional 19,200 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Las Vegas Sands by 0.6% in the first quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator’s stock worth $1,918,472,000 after purchasing an additional 209,589 shares during the period. Nordea Investment Management AB increased its stake in Las Vegas Sands by 27.6% during the first quarter. Nordea Investment Management AB now owns 891,796 shares of the casino operator’s stock valued at $46,124,000 after purchasing an additional 193,110 shares during the last quarter. ARGA Investment Management LP raised its holdings in shares of Las Vegas Sands by 6.4% during the first quarter. ARGA Investment Management LP now owns 3,308,987 shares of the casino operator’s stock worth $171,075,000 after purchasing an additional 198,413 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Las Vegas Sands by 3.2% in the 4th quarter. Northern Trust Corp now owns 2,964,600 shares of the casino operator’s stock worth $145,888,000 after buying an additional 91,075 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. UBS Group downgraded shares of Las Vegas Sands from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $70.00 to $49.00 in a research report on Friday, August 23rd. Stifel Nicolaus dropped their price target on Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Susquehanna reduced their price objective on Las Vegas Sands from $59.00 to $51.00 and set a “positive” rating for the company in a research report on Thursday, July 25th. Morgan Stanley dropped their target price on Las Vegas Sands from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 4th. Finally, Wells Fargo & Company reduced their price target on shares of Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Las Vegas Sands presently has an average rating of “Moderate Buy” and an average price target of $55.25.

Las Vegas Sands Stock Down 0.3 %

Las Vegas Sands stock opened at $41.98 on Friday. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $55.65. The stock has a market cap of $31.28 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.12 and a beta of 1.11. The company’s 50-day moving average price is $40.02 and its two-hundred day moving average price is $44.63. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 3.29.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.82 billion. Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. Las Vegas Sands’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 EPS. On average, analysts expect that Las Vegas Sands Corp. will post 2.46 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.91%. Las Vegas Sands’s dividend payout ratio (DPR) is 38.65%.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People’s Republic of China; and Marina Bay Sands in Singapore.