Great Lakes Advisors LLC reduced its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 5.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,384 shares of the casino operator’s stock after selling 2,294 shares during the period. Great Lakes Advisors LLC’s holdings in Las Vegas Sands Corp. were worth $2,452,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Usca Ria LLC bought a new stake in shares of Las Vegas Sands Corp. during the first quarter worth $603,000. Honeywell International Inc. bought a new stake in shares of Las Vegas Sands Corp. during the first quarter worth $22,828,000. Great West Life Assurance Co. Can increased its stake in shares of Las Vegas Sands Corp. by 0.4% in the first quarter. Great West Life Assurance Co. Can now owns 270,599 shares of the casino operator’s stock worth $15,417,000 after buying an additional 978 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Las Vegas Sands Corp. by 0.5% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 129,477 shares of the casino operator’s stock worth $7,389,000 after buying an additional 639 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Las Vegas Sands Corp. during the first quarter worth $281,000. 38.03% of the stock is currently owned by institutional investors and hedge funds.

Shares of Las Vegas Sands Corp. (NYSE:LVS) opened at 60.12 on Monday. The company has a market cap of $47.62 billion, a PE ratio of 23.39 and a beta of 1.81. Las Vegas Sands Corp. has a 12-month low of $49.89 and a 12-month high of $66.22. The company has a 50-day moving average of $61.25 and a 200 day moving average of $58.82.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders 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 dividend on an annualized basis and a yield of 4.86%. Las Vegas Sands Corp.’s dividend payout ratio is currently 113.18%.

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A number of equities research analysts recently weighed in on the stock. Instinet reaffirmed a “neutral” rating and issued a $54.00 target price (up from $50.00) on shares of Las Vegas Sands Corp. in a research note on Monday, June 19th. Zacks Investment Research raised shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Tuesday, June 27th. Wells Fargo & Company reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Tuesday, July 4th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 target price on shares of Las Vegas Sands Corp. in a research note on Tuesday, July 4th. Finally, Vetr downgraded shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $64.62 target price on the stock. in a research note on Monday, June 5th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus 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.

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

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