Commerce Bank purchased a new stake in Las Vegas Sands Corp. (NYSE:LVS) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 7,922 shares of the casino operator’s stock, valued at approximately $508,000.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Las Vegas Sands Corp. by 1.6% in the second quarter. Vanguard Group Inc. now owns 20,034,880 shares of the casino operator’s stock valued at $1,280,029,000 after acquiring an additional 322,708 shares during the period. BlackRock Inc. grew its position in Las Vegas Sands Corp. by 2.3% in the second quarter. BlackRock Inc. now owns 16,129,966 shares of the casino operator’s stock valued at $1,030,543,000 after acquiring an additional 365,566 shares during the period. Capital World Investors grew its position in Las Vegas Sands Corp. by 14.5% in the second quarter. Capital World Investors now owns 9,998,000 shares of the casino operator’s stock valued at $638,772,000 after acquiring an additional 1,263,000 shares during the period. Bank of New York Mellon Corp grew its position in Las Vegas Sands Corp. by 40.8% in the second quarter. Bank of New York Mellon Corp now owns 6,506,795 shares of the casino operator’s stock valued at $415,720,000 after acquiring an additional 1,886,376 shares during the period. Finally, American Century Companies Inc. boosted its stake in Las Vegas Sands Corp. by 41.3% in the second quarter. American Century Companies Inc. now owns 3,509,869 shares of the casino operator’s stock worth $224,246,000 after purchasing an additional 1,025,607 shares in the last quarter. Hedge funds and other institutional investors own 37.79% of the company’s stock.

Las Vegas Sands Corp. (NYSE:LVS) traded up $0.58 on Tuesday, hitting $67.08. The stock had a trading volume of 2,066,900 shares, compared to its average volume of 3,291,506. The firm has a market capitalization of $52,970.00, a PE ratio of 23.92 and a beta of 1.78. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.05 and a current ratio of 1.07. Las Vegas Sands Corp. has a 52 week low of $51.35 and a 52 week high of $68.41.

Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.10. The business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Las Vegas Sands Corp. had a return on equity of 38.69% and a net margin of 21.41%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.72 EPS. analysts forecast that Las Vegas Sands Corp. will post 2.87 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 21st will be issued a dividend of $0.73 per share. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $2.92 annualized dividend and a yield of 4.35%. Las Vegas Sands Corp.’s payout ratio is currently 110.19%.

A number of equities analysts have commented on the company. Zacks Investment Research raised Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Wednesday, November 8th. Morgan Stanley raised Las Vegas Sands Corp. from an “equal weight” rating to an “overweight” rating and set a $65.00 price objective on the stock in a research note on Monday, November 6th. Roth Capital assumed coverage on Las Vegas Sands Corp. in a research note on Wednesday, October 25th. They set a “buy” rating and a $69.00 price target on the stock. Nomura upped their price target on Las Vegas Sands Corp. from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, October 26th. Finally, Gabelli upped their price target on Las Vegas Sands Corp. from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Las Vegas Sands Corp. currently has an average rating of “Buy” and a consensus target price of $65.31.

In related news, Director George Jamieson acquired 1,000 shares of the stock in a transaction on Tuesday, November 14th. The shares were purchased at an average price of $66.96 per share, for a total transaction of $66,960.00. Following the purchase, the director now directly owns 6,488 shares in the company, valued at $434,436.48. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 10.10% of the company’s stock.

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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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