World Asset Management Inc Sells 559 Shares of Las Vegas Sands Corp. (NYSE:LVS)

World Asset Management Inc lessened its position in Las Vegas Sands Corp. (NYSE:LVS) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,387 shares of the casino operator’s stock after selling 559 shares during the period. World Asset Management Inc’s holdings in Las Vegas Sands were worth $850,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of LVS. Bessemer Group Inc. increased its position in shares of Las Vegas Sands by 78,490.5% during the second quarter. Bessemer Group Inc. now owns 569,781 shares of the casino operator’s stock worth $33,668,000 after acquiring an additional 569,056 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Las Vegas Sands by 356.4% during the first quarter. Assenagon Asset Management S.A. now owns 440,958 shares of the casino operator’s stock worth $26,881,000 after acquiring an additional 344,341 shares in the last quarter. BlackRock Inc. increased its position in shares of Las Vegas Sands by 1.9% during the first quarter. BlackRock Inc. now owns 17,852,221 shares of the casino operator’s stock worth $1,088,272,000 after acquiring an additional 334,937 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Las Vegas Sands by 181.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 501,467 shares of the casino operator’s stock worth $33,047,000 after acquiring an additional 323,012 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its position in shares of Las Vegas Sands by 113.6% during the first quarter. Neuberger Berman Group LLC now owns 415,994 shares of the casino operator’s stock worth $25,359,000 after acquiring an additional 221,214 shares in the last quarter. 36.44% of the stock is owned by hedge funds and other institutional investors.

LVS has been the subject of several research reports. Morgan Stanley lowered their price objective on shares of Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating for the company in a research report on Thursday, June 6th. Goldman Sachs Group raised shares of Las Vegas Sands to a “buy” rating in a research report on Tuesday, June 11th. HSBC downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Wednesday, April 17th. They noted that the move was a valuation call. Stifel Nicolaus increased their price objective on shares of Las Vegas Sands from $72.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Finally, Zacks Investment Research raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research report on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $68.46.

LVS traded down $1.92 during trading hours on Friday, hitting $56.88. 5,598,640 shares of the company’s stock were exchanged, compared to its average volume of 3,355,635. Las Vegas Sands Corp. has a 1-year low of $47.39 and a 1-year high of $69.72. The firm has a 50-day moving average price of $61.31. The company has a market capitalization of $46.53 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 7.02 and a beta of 1.52. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.62 and a current ratio of 1.64.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, July 24th. The casino operator reported $0.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.09). The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.39 billion. Las Vegas Sands had a return on equity of 35.77% and a net margin of 14.01%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS. As a group, sell-side analysts anticipate that Las Vegas Sands Corp. will post 3.19 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Wednesday, September 18th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date is Tuesday, September 17th. Las Vegas Sands’s dividend payout ratio is currently 92.77%.

About Las Vegas Sands

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and iconic Marina Bay Sands in Singapore.

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

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