British Columbia Investment Management Corp reduced its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 15.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,017 shares of the casino operator’s stock after selling 31,451 shares during the period. British Columbia Investment Management Corp’s holdings in Las Vegas Sands Corp. were worth $9,725,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LVS. Seven Bridges Advisors LLC boosted its stake in Las Vegas Sands Corp. by 45.8% in the second quarter. Seven Bridges Advisors LLC now owns 2,728 shares of the casino operator’s stock valued at $119,000 after buying an additional 857 shares in the last quarter. Pinkerton Retirement Specialists LLC bought a new stake in Las Vegas Sands Corp. during the second quarter valued at approximately $119,000. Assetmark Inc. boosted its stake in Las Vegas Sands Corp. by 10.6% in the second quarter. Assetmark Inc. now owns 3,069 shares of the casino operator’s stock valued at $133,000 after buying an additional 293 shares in the last quarter. Advisory Services Network LLC boosted its stake in Las Vegas Sands Corp. by 9.5% in the third quarter. Advisory Services Network LLC now owns 2,366 shares of the casino operator’s stock valued at $136,000 after buying an additional 205 shares in the last quarter. Finally, First Mercantile Trust Co. boosted its stake in Las Vegas Sands Corp. by 42.8% in the third quarter. First Mercantile Trust Co. now owns 2,886 shares of the casino operator’s stock valued at $166,000 after buying an additional 865 shares in the last quarter. 38.96% of the stock is owned by institutional investors.

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

Shares of Las Vegas Sands Corp. (NYSE:LVS) traded up 0.67% during mid-day trading on Friday, hitting $62.84. 1,265,730 shares of the stock were exchanged. The stock has a market capitalization of $49.94 billion, a price-to-earnings ratio of 30.68 and a beta of 1.98. The stock’s 50-day moving average is $58.76 and its 200-day moving average is $51.97. Las Vegas Sands Corp. has a 52 week low of $34.88 and a 52 week high of $62.95.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Wednesday, December 21st will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Monday, December 19th. Las Vegas Sands Corp.’s dividend payout ratio is 140.49%.

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Several research firms recently commented on LVS. Vetr cut shares of Las Vegas Sands Corp. from a “strong-buy” rating to a “buy” rating and set a $68.03 price objective on the stock. in a research report on Monday, November 21st. Zacks Investment Research raised shares of Las Vegas Sands Corp. from a “hold” rating to a “strong-buy” rating and set a $68.00 price objective on the stock in a research report on Tuesday, November 8th. Morgan Stanley reissued an “equal weight” rating and set a $58.00 price target (up from $54.00) on shares of Las Vegas Sands Corp. in a research report on Sunday, November 6th. Stifel Nicolaus boosted their price target on shares of Las Vegas Sands Corp. from $61.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, November 4th. Finally, Telsey Advisory Group boosted their price target on shares of Las Vegas Sands Corp. from $50.00 to $60.00 and gave the stock a “market perform” rating in a research report on Friday, November 4th. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $57.50.

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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