Vontobel Asset Management Inc. increased its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 29.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,233,310 shares of the casino operator’s stock after buying an additional 1,434,774 shares during the period. Las Vegas Sands Corp. makes up approximately 2.9% of Vontobel Asset Management Inc.’s investment portfolio, making the stock its 12th largest position. Vontobel Asset Management Inc. owned 0.78% of Las Vegas Sands Corp. worth $363,695,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Northern Cross LLC increased its stake in shares of Las Vegas Sands Corp. by 5.8% in the second quarter. Northern Cross LLC now owns 39,053,967 shares of the casino operator’s stock valued at $1,698,457,000 after buying an additional 2,131,779 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Las Vegas Sands Corp. by 2.0% in the second quarter. Vanguard Group Inc. now owns 18,025,317 shares of the casino operator’s stock valued at $783,922,000 after buying an additional 350,052 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Las Vegas Sands Corp. by 2.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 8,857,503 shares of the casino operator’s stock valued at $385,213,000 after buying an additional 211,597 shares in the last quarter. State Street Corp increased its stake in shares of Las Vegas Sands Corp. by 5.1% in the second quarter. State Street Corp now owns 7,350,621 shares of the casino operator’s stock valued at $319,678,000 after buying an additional 356,664 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Las Vegas Sands Corp. by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 5,094,279 shares of the casino operator’s stock valued at $221,551,000 after buying an additional 106,607 shares in the last quarter. 38.96% of the stock is owned by institutional investors and hedge funds.

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

Shares of Las Vegas Sands Corp. (NYSE:LVS) traded up 1.85% during trading on Monday, hitting $61.71. The stock had a trading volume of 5,564,318 shares. The stock’s 50-day moving average is $58.33 and its 200-day moving average is $51.44. Las Vegas Sands Corp. has a 12-month low of $34.88 and a 12-month high of $62.40. The stock has a market capitalization of $49.04 billion, a P/E ratio of 30.13 and a beta of 1.98.

Las Vegas Sands Corp. (NYSE:LVS) last released its earnings results on Thursday, November 3rd. The casino operator reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.12. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.80 billion. Las Vegas Sands Corp. had a return on equity of 23.24% and a net margin of 14.53%. Las Vegas Sands Corp.’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 earnings per share. Analysts predict that Las Vegas Sands Corp. will post $2.35 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Wednesday, December 21st will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date is Monday, December 19th. Las Vegas Sands Corp.’s dividend payout ratio is currently 140.49%.

Several research analysts recently weighed in on LVS shares. Telsey Advisory Group upped their price target on Las Vegas Sands Corp. from $47.00 to $50.00 and gave the company a “market perform” rating in a research report on Tuesday, July 26th. Goldman Sachs Group Inc. reissued a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Wednesday, October 5th. Vetr raised Las Vegas Sands Corp. from a “buy” rating to a “strong-buy” rating and set a $66.73 price target on the stock in a research report on Monday, October 3rd. Susquehanna reissued a “positive” rating and set a $63.00 price target on shares of Las Vegas Sands Corp. in a research report on Thursday, September 8th. Finally, Deutsche Bank AG upped their price target on Las Vegas Sands Corp. from $42.00 to $44.00 and gave the company a “hold” rating in a research report on Wednesday, October 19th. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $57.55.

About Las Vegas Sands Corp.

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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