Las Vegas Sands Corp. (LVS) Shares Sold by AMP Capital Investors Ltd

AMP Capital Investors Ltd trimmed its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 7.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 298,260 shares of the casino operator’s stock after selling 24,620 shares during the quarter. AMP Capital Investors Ltd’s holdings in Las Vegas Sands were worth $19,138,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Stephens Inc. AR boosted its stake in shares of Las Vegas Sands by 0.7% in the 2nd quarter. Stephens Inc. AR now owns 4,389 shares of the casino operator’s stock valued at $280,000 after buying an additional 31 shares during the period. Baldwin Investment Management LLC boosted its stake in shares of Las Vegas Sands by 0.6% in the 2nd quarter. Baldwin Investment Management LLC now owns 6,473 shares of the casino operator’s stock valued at $414,000 after buying an additional 40 shares during the period. Toronto Dominion Bank boosted its stake in shares of Las Vegas Sands by 0.4% in the 2nd quarter. Toronto Dominion Bank now owns 24,878 shares of the casino operator’s stock valued at $1,592,000 after buying an additional 94 shares during the period. High Pointe Capital Management LLC boosted its stake in shares of Las Vegas Sands by 0.6% in the 2nd quarter. High Pointe Capital Management LLC now owns 19,810 shares of the casino operator’s stock valued at $1,266,000 after buying an additional 110 shares during the period. Finally, Global X Management Co. LLC boosted its stake in shares of Las Vegas Sands by 8.3% in the 2nd quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock valued at $106,000 after buying an additional 126 shares during the period. Institutional investors own 37.47% of the company’s stock.

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

LVS has been the subject of several recent research reports. Zacks Investment Research cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Roth Capital started coverage on Las Vegas Sands in a research report on Wednesday, October 25th. They set a “buy” rating and a $69.00 target price on the stock. Morgan Stanley raised their target price on Las Vegas Sands from $63.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Gabelli raised their target price on Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, Nomura raised their target price on Las Vegas Sands from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $65.77.

Shares of Las Vegas Sands Corp. (LVS) opened at $70.36 on Friday. The firm has a market capitalization of $55,017.41, a PE ratio of 25.04 and a beta of 1.80. Las Vegas Sands Corp. has a 12-month low of $51.35 and a 12-month high of $70.84. 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 (NYSE:LVS) last issued its earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.10. The firm had revenue of $3.20 billion during the quarter, compared to analyst estimates 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 revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 earnings per share. research analysts forecast 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. Stockholders of record on Thursday, December 21st will be paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Wednesday, December 20th. Las Vegas Sands’s dividend payout ratio is currently 110.19%.

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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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