State of Wisconsin Investment Board boosted its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 18.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 401,589 shares of the casino operator’s stock after buying an additional 63,040 shares during the period. State of Wisconsin Investment Board owned approximately 0.05% of Las Vegas Sands Corp. worth $25,658,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of LVS. Global X Management Co. LLC raised its stake in Las Vegas Sands Corp. by 8.3% in the second quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock valued at $106,000 after buying an additional 126 shares during the period. TrimTabs Asset Management LLC raised its stake in Las Vegas Sands Corp. by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 1,837 shares of the casino operator’s stock valued at $105,000 after buying an additional 864 shares during the period. Financial Architects Inc raised its stake in Las Vegas Sands Corp. by 226.1% in the first quarter. Financial Architects Inc now owns 1,875 shares of the casino operator’s stock valued at $107,000 after buying an additional 1,300 shares during the period. State of Alaska Department of Revenue purchased a new stake in Las Vegas Sands Corp. during the first quarter valued at $119,000. Finally, Nikko Asset Management Americas Inc. purchased a new stake in Las Vegas Sands Corp. during the first quarter valued at $154,000. 38.52% of the stock is currently owned by institutional investors.

Las Vegas Sands Corp. (LVS) opened at 60.11 on Friday. The company’s 50-day moving average price is $61.67 and its 200 day moving average price is $58.47. Las Vegas Sands Corp. has a 52-week low of $49.89 and a 52-week high of $66.22. The stock has a market capitalization of $47.61 billion, a P/E ratio of 23.39 and a beta of 1.81.

Las Vegas Sands Corp. (NYSE:LVS) last issued its earnings results on Wednesday, July 26th. The casino operator reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.14. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. Las Vegas Sands Corp.’s revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 earnings per share. On average, equities research analysts anticipate that Las Vegas Sands Corp. will post $2.74 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 21st will be given a $0.73 dividend. The ex-dividend date is Wednesday, September 20th. This represents a $2.92 annualized dividend and a dividend yield of 4.86%. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is presently 113.18%.

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Several analysts have weighed in on the company. Zacks Investment Research lowered Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Deutsche Bank AG reissued a “hold” rating and issued a $54.00 target price (up previously from $52.00) on shares of Las Vegas Sands Corp. in a report on Thursday, July 27th. Vetr lowered Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $61.32 target price on the stock. in a report on Wednesday, April 26th. Stifel Nicolaus reissued a “buy” rating and issued a $72.00 target price (up previously from $70.00) on shares of Las Vegas Sands Corp. in a report on Thursday, July 27th. Finally, Telsey Advisory Group upped their target price on Las Vegas Sands Corp. from $64.00 to $66.00 and gave the company a “market perform” rating in a report on Thursday, July 27th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $63.10.

About Las Vegas Sands Corp.

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

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

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