Swiss National Bank lowered its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,211,439 shares of the casino operator’s stock after selling 13,800 shares during the period. Swiss National Bank’s holdings in Las Vegas Sands Corp. were worth $69,706,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. increased its stake in Las Vegas Sands Corp. by 76.5% in the second quarter. Cullen Frost Bankers Inc. now owns 348,400 shares of the casino operator’s stock valued at $15,152,000 after buying an additional 151,006 shares in the last quarter. Vontobel Asset Management Inc. increased its stake in Las Vegas Sands Corp. by 29.9% in the third quarter. Vontobel Asset Management Inc. now owns 6,233,310 shares of the casino operator’s stock valued at $363,695,000 after buying an additional 1,434,774 shares in the last quarter. Minneapolis Portfolio Management Group LLC increased its stake in Las Vegas Sands Corp. by 12.5% in the second quarter. Minneapolis Portfolio Management Group LLC now owns 406,940 shares of the casino operator’s stock valued at $17,698,000 after buying an additional 45,215 shares in the last quarter. Aperio Group LLC increased its stake in Las Vegas Sands Corp. by 7.8% in the third quarter. Aperio Group LLC now owns 91,980 shares of the casino operator’s stock valued at $5,293,000 after buying an additional 6,625 shares in the last quarter. Finally, Artemis Investment Management LLP increased its stake in Las Vegas Sands Corp. by 1.1% in the second quarter. Artemis Investment Management LLP now owns 1,017,128 shares of the casino operator’s stock valued at $44,240,000 after buying an additional 11,271 shares in the last quarter. Hedge funds and other institutional investors own 39.82% of the company’s stock.

Institutional Ownership by Quarter for Las Vegas Sands Corp. (NYSE:LVS)

Las Vegas Sands Corp. (NYSE:LVS) opened at 62.15 on Wednesday. Las Vegas Sands Corp. has a 12 month low of $34.88 and a 12 month high of $63.38. The company has a market capitalization of $49.39 billion, a price-to-earnings ratio of 30.35 and a beta of 1.98. The stock’s 50 day moving average price is $58.88 and its 200 day moving average price is $52.19.

Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings data on Thursday, November 3rd. The casino operator reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.12. Las Vegas Sands Corp. had a return on equity of 23.24% and a net margin of 14.53%. The company earned $2.97 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. Las Vegas Sands Corp.’s revenue was up 2.6% compared to the same quarter last year. Equities research analysts anticipate that Las Vegas Sands Corp. will post $2.35 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Wednesday, December 21st will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend is Monday, December 19th. Las Vegas Sands Corp.’s payout ratio is currently 140.49%.

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Several equities research analysts recently issued reports on the company. Vetr upgraded Las Vegas Sands Corp. from a “buy” rating to a “strong-buy” rating and set a $63.40 price target for the company in a report on Monday, September 26th. Stifel Nicolaus upped their price target on Las Vegas Sands Corp. from $61.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, November 4th. TheStreet upgraded Las Vegas Sands Corp. from a “hold” rating to a “buy” rating in a report on Thursday, September 1st. Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Wednesday, October 5th. Finally, Susquehanna reiterated a “positive” rating and set a $63.00 price target on shares of Las Vegas Sands Corp. in a report on Thursday, September 8th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Las Vegas Sands Corp. presently has an average rating of “Buy” and an average price target of $57.33.

In related news, COO Robert G. Goldstein sold 169,111 shares of Las Vegas Sands Corp. stock in a transaction on Monday, November 28th. The stock was sold at an average price of $62.84, for a total value of $10,626,935.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.10% of the stock is owned by corporate insiders.

Las Vegas Sands Corp. Company Profile

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that offers 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.

5 Day Chart for NYSE:LVS

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