Commonwealth Equity Services LLC Trims Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Commonwealth Equity Services LLC decreased its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 6.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,824 shares of the casino operator’s stock after selling 1,633 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Las Vegas Sands were worth $1,010,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of LVS. Rothschild Investment LLC purchased a new stake in Las Vegas Sands during the second quarter worth $54,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Las Vegas Sands by 0.8% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 53,098 shares of the casino operator’s stock worth $2,350,000 after acquiring an additional 401 shares in the last quarter. iA Global Asset Management Inc. acquired a new stake in shares of Las Vegas Sands during the 2nd quarter valued at about $1,713,000. Fort Washington Investment Advisors Inc. OH increased its stake in shares of Las Vegas Sands by 13.4% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 784,061 shares of the casino operator’s stock valued at $34,695,000 after purchasing an additional 92,398 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Las Vegas Sands by 9.4% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 46,078 shares of the casino operator’s stock worth $2,039,000 after purchasing an additional 3,970 shares during the period. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on LVS shares. StockNews.com lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Macquarie dropped their target price on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Morgan Stanley cut their target price on shares of Las Vegas Sands from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, September 4th. Susquehanna decreased their price target on shares of Las Vegas Sands from $59.00 to $51.00 and set a “positive” rating on the stock in a research note on Thursday, July 25th. Finally, Jefferies Financial Group cut their price objective on Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.25.

Las Vegas Sands Stock Up 0.6 %

NYSE LVS opened at $40.26 on Tuesday. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 3.29. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $55.65. The business’s fifty day simple moving average is $40.06 and its 200-day simple moving average is $44.81. The firm has a market cap of $30.00 billion, a PE ratio of 19.45, a P/E/G ratio of 1.12 and a beta of 1.11.

Las Vegas Sands (NYSE:LVS) last issued its earnings results 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 firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. Las Vegas Sands’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. As a group, equities analysts anticipate that Las Vegas Sands Corp. will post 2.46 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.80 annualized dividend and a yield of 1.99%. Las Vegas Sands’s dividend payout ratio (DPR) is 38.65%.

Las Vegas Sands 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.