Mitsubishi UFJ Trust & Banking Corp grew its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 946,049 shares of the casino operator’s stock after purchasing an additional 7,193 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.12% of Las Vegas Sands worth $60,699,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of LVS. Capstone Asset Management Co. bought a new position in shares of Las Vegas Sands in the 2nd quarter valued at about $208,000. State of Alaska Department of Revenue boosted its stake in shares of Las Vegas Sands by 24.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,603 shares of the casino operator’s stock valued at $166,000 after purchasing an additional 510 shares during the last quarter. Lee Financial Co boosted its stake in shares of Las Vegas Sands by 1.4% in the 2nd quarter. Lee Financial Co now owns 3,091 shares of the casino operator’s stock valued at $197,000 after purchasing an additional 43 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Las Vegas Sands by 4.6% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 5,814 shares of the casino operator’s stock valued at $371,000 after purchasing an additional 258 shares during the last quarter. Finally, Korea Investment CORP boosted its stake in shares of Las Vegas Sands by 36.1% in the 2nd quarter. Korea Investment CORP now owns 227,618 shares of the casino operator’s stock valued at $14,543,000 after purchasing an additional 60,370 shares during the last quarter. 37.42% of the stock is currently owned by institutional investors.

Shares of Las Vegas Sands Corp. (NYSE LVS) opened at $69.84 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.05 and a current ratio of 1.07. The company has a market cap of $54,752.59, a P/E ratio of 24.92 and a beta of 1.80. Las Vegas Sands Corp. has a fifty-two week low of $51.35 and a fifty-two week high of $70.46.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, October 25th. The casino operator reported $0.77 EPS for the quarter, topping the consensus estimate of $0.67 by $0.10. The firm had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.14 billion. Las Vegas Sands had a net margin of 16.80% and a return on equity of 31.11%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the company posted $0.72 EPS. equities analysts anticipate that Las Vegas Sands Corp. will post 2.87 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, December 21st will be issued a dividend of $0.73 per share. The ex-dividend date is Wednesday, December 20th. This represents a $2.92 annualized dividend and a yield of 4.18%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 110.19%.

Several research firms recently weighed in on LVS. Zacks Investment Research lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Deutsche Bank lifted their price objective on shares of Las Vegas Sands from $54.00 to $57.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Roth Capital began coverage on shares of Las Vegas Sands in a research note on Wednesday, October 25th. They set a “buy” rating and a $69.00 price objective on the stock. Nomura lifted their price objective on shares of Las Vegas Sands from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, October 26th. Finally, Gabelli lifted their price objective on shares of Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $65.31.

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

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Las Vegas Sands Company 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.

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

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