Las Vegas Sands Corp. (LVS) Shares Sold by Capital Guardian Trust Co.
Capital Guardian Trust Co. reduced its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 91.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 199,250 shares of the casino operator’s stock after selling 2,216,448 shares during the period. Capital Guardian Trust Co.’s holdings in Las Vegas Sands Corp. were worth $12,730,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. BlackRock Inc. boosted its position in Las Vegas Sands Corp. by 2,504.7% in the first quarter. BlackRock Inc. now owns 15,764,400 shares of the casino operator’s stock valued at $899,674,000 after buying an additional 15,159,167 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Las Vegas Sands Corp. by 40.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,506,795 shares of the casino operator’s stock worth $415,720,000 after buying an additional 1,886,376 shares during the period. Nicholas Investment Partners LP increased its holdings in Las Vegas Sands Corp. by 2,418.0% in the 1st quarter. Nicholas Investment Partners LP now owns 1,500,000 shares of the casino operator’s stock worth $85,605,000 after buying an additional 1,440,429 shares during the period. Investec Asset Management LTD acquired a new position in Las Vegas Sands Corp. in the 1st quarter worth approximately $74,167,000. Finally, American Century Companies Inc. increased its holdings in Las Vegas Sands Corp. by 41.3% in the 2nd quarter. American Century Companies Inc. now owns 3,509,869 shares of the casino operator’s stock worth $224,246,000 after buying an additional 1,025,607 shares during the period. Institutional investors and hedge funds own 38.01% of the company’s stock.
Shares of Las Vegas Sands Corp. (LVS) traded down 0.12% during midday trading on Tuesday, reaching $64.89. 438,048 shares of the company traded hands. The stock’s 50-day moving average is $62.47 and its 200-day moving average is $60.66. The stock has a market capitalization of $51.39 billion, a P/E ratio of 25.25 and a beta of 1.76. Las Vegas Sands Corp. has a 1-year low of $51.35 and a 1-year high of $66.22.
Las Vegas Sands Corp. (NYSE:LVS) last issued its earnings results on Wednesday, July 26th. The casino operator reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.14. The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.01 billion. Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 EPS. Equities analysts predict that Las Vegas Sands Corp. will post $2.75 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 21st were paid a $0.73 dividend. The ex-dividend date was Wednesday, September 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.49%. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is presently 113.18%.
A number of research firms have issued reports on LVS. Stifel Nicolaus reissued a “buy” rating on shares of Las Vegas Sands Corp. in a research report on Sunday, September 3rd. Zacks Investment Research cut shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $54.00 price objective (up from $52.00) on shares of Las Vegas Sands Corp. in a report on Thursday, July 27th. Telsey Advisory Group upped their price objective on shares of 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. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $67.00 price objective (up previously from $65.00) on shares of Las Vegas Sands Corp. in a research note on Friday, July 21st. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Las Vegas Sands Corp. has an average rating of “Hold” and an average price target of $64.74.
Las Vegas Sands Corp. Profile
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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