Vanguard Personalized Indexing Management LLC Decreases Position in Las Vegas Sands Corp. $LVS

Vanguard Personalized Indexing Management LLC lessened its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 11.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,075 shares of the casino operator’s stock after selling 3,974 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Las Vegas Sands were worth $1,309,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Las Vegas Sands by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 41,249,208 shares of the casino operator’s stock worth $1,593,457,000 after purchasing an additional 2,267,307 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Las Vegas Sands by 3.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,722,816 shares of the casino operator’s stock valued at $607,373,000 after acquiring an additional 592,321 shares during the period. Bank of New York Mellon Corp increased its position in shares of Las Vegas Sands by 6.5% in the first quarter. Bank of New York Mellon Corp now owns 12,415,492 shares of the casino operator’s stock valued at $479,610,000 after acquiring an additional 752,944 shares during the period. Invesco Ltd. increased its position in shares of Las Vegas Sands by 9.1% in the first quarter. Invesco Ltd. now owns 9,442,798 shares of the casino operator’s stock valued at $364,775,000 after acquiring an additional 790,952 shares during the period. Finally, ARGA Investment Management LP increased its position in shares of Las Vegas Sands by 12.9% in the first quarter. ARGA Investment Management LP now owns 7,342,577 shares of the casino operator’s stock valued at $283,644,000 after acquiring an additional 841,195 shares during the period. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Analysts Set New Price Targets

LVS has been the topic of a number of analyst reports. Argus boosted their price objective on shares of Las Vegas Sands from $60.00 to $65.00 in a research report on Tuesday, September 23rd. Zacks Research upgraded shares of Las Vegas Sands from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Wall Street Zen upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Sunday, September 7th. Mizuho boosted their price objective on shares of Las Vegas Sands from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Finally, Susquehanna decreased their price objective on shares of Las Vegas Sands from $59.00 to $58.00 and set a “positive” rating on the stock in a research report on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.47.

Las Vegas Sands Price Performance

Shares of NYSE LVS opened at $48.55 on Friday. Las Vegas Sands Corp. has a 1 year low of $30.18 and a 1 year high of $58.05. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.22 and a quick ratio of 1.21. The company’s 50-day moving average is $53.44 and its 200 day moving average is $46.08. The stock has a market capitalization of $33.33 billion, a P/E ratio of 24.52, a P/E/G ratio of 1.80 and a beta of 1.01.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.26. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the previous year, the company earned $0.55 earnings per share. Las Vegas Sands’s quarterly revenue was up 15.0% on a year-over-year basis. On average, sell-side analysts expect that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Investors of record on Tuesday, August 5th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.00 annualized dividend and a yield of 2.1%. Las Vegas Sands’s payout ratio is presently 50.51%.

Las Vegas Sands Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, 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 Marina Bay Sands in Singapore.