Principal Financial Group Inc. cut its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 21.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,276 shares of the casino operator’s stock after selling 5,163 shares during the period. Principal Financial Group Inc.’s holdings in Las Vegas Sands were worth $1,237,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Las Vegas Sands by 1.6% during 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 buying an additional 322,708 shares during the period. BlackRock Inc. increased its stake in shares of Las Vegas Sands by 2.3% during the second quarter. BlackRock Inc. now owns 16,129,966 shares of the casino operator’s stock valued at $1,030,543,000 after buying an additional 365,566 shares during the period. Capital World Investors increased its stake in shares of Las Vegas Sands by 14.5% during the second quarter. Capital World Investors now owns 9,998,000 shares of the casino operator’s stock valued at $638,772,000 after buying an additional 1,263,000 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Las Vegas Sands by 40.8% during 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 buying an additional 1,886,376 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Las Vegas Sands by 41.3% during the second quarter. American Century Companies Inc. now owns 3,509,869 shares of the casino operator’s stock valued at $224,246,000 after buying an additional 1,025,607 shares during the period. 37.47% of the stock is currently owned by hedge funds and other institutional investors.

Las Vegas Sands Corp. (NYSE LVS) traded down $0.99 during trading on Wednesday, reaching $70.08. The company’s stock had a trading volume of 2,105,600 shares, compared to its average volume of 3,245,065. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 1.38. Las Vegas Sands Corp. has a twelve month low of $51.35 and a twelve month high of $71.42. The company has a market capitalization of $56,179.41, a P/E ratio of 25.57 and a beta of 1.80.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, October 25th. The casino operator reported $0.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.10. Las Vegas Sands had a return on equity of 31.11% and a net margin of 16.80%. The business had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. equities analysts expect that Las Vegas Sands Corp. will post 2.87 EPS 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 $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 4.17%. The ex-dividend date is Wednesday, December 20th. Las Vegas Sands’s dividend payout ratio (DPR) is 110.19%.

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 acquired at an average cost of $66.96 per share, with a total value of $66,960.00. Following the completion of 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 document filed with the SEC, which can be accessed through the SEC website. Insiders own 10.10% of the company’s stock.

Several research firms have recently issued reports on LVS. Stifel Nicolaus reissued a “buy” rating on shares of Las Vegas Sands in a research note on Sunday, September 3rd. Zacks Investment Research raised Las Vegas Sands from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Wednesday, November 8th. Barclays boosted their target price on Las Vegas Sands from $69.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, December 7th. Deutsche Bank upped their price target on Las Vegas Sands from $54.00 to $57.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Finally, Nomura upped their price target on Las Vegas Sands from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, October 26th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $65.77.

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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.

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

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