Northern Cross LLC Lowers Holdings in Las Vegas Sands Corp. (LVS)

Northern Cross LLC lowered its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 0.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 37,138,732 shares of the casino operator’s stock after selling 215,984 shares during the quarter. Las Vegas Sands Corp. comprises about 30.6% of Northern Cross LLC’s portfolio, making the stock its largest position. Northern Cross LLC owned about 4.69% of Las Vegas Sands Corp. worth $2,372,794,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Global X Management Co. LLC lifted its position in Las Vegas Sands Corp. by 8.3% during the 2nd quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock worth $106,000 after acquiring an additional 126 shares during the period. Ffcm LLC lifted its position in Las Vegas Sands Corp. by 90.9% during the 2nd quarter. Ffcm LLC now owns 2,436 shares of the casino operator’s stock worth $153,000 after acquiring an additional 1,160 shares during the period. State of Alaska Department of Revenue lifted its position in Las Vegas Sands Corp. by 24.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,603 shares of the casino operator’s stock worth $166,000 after acquiring an additional 510 shares during the period. Point72 Asia Hong Kong Ltd lifted its position in Las Vegas Sands Corp. by 87.2% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 2,994 shares of the casino operator’s stock worth $171,000 after acquiring an additional 1,395 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in Las Vegas Sands Corp. by 143.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,731 shares of the casino operator’s stock worth $174,000 after acquiring an additional 1,610 shares during the period. 38.01% of the stock is owned by institutional investors.

A number of analysts have commented on LVS shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 price target on shares of Las Vegas Sands Corp. in a research report on Tuesday, July 4th. CLSA reaffirmed a “buy” rating on shares of Las Vegas Sands Corp. in a research report on Wednesday, July 5th. Bank of America Corporation reaffirmed a “buy” rating and set a $67.00 price target (up previously from $65.00) on shares of Las Vegas Sands Corp. in a research report on Friday, July 21st. Zacks Investment Research raised Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Friday. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $62.00 price objective (up previously from $58.00) on shares of Las Vegas Sands Corp. in a report on Monday, July 10th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $64.66.

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Shares of Las Vegas Sands Corp. (NYSE:LVS) traded up 0.7297% during trading on Friday, hitting $62.1301. The company had a trading volume of 1,504,236 shares. The stock’s 50-day moving average is $63.22 and its 200 day moving average is $61.04. Las Vegas Sands Corp. has a 52-week low of $51.35 and a 52-week high of $66.22. The firm has a market capitalization of $49.21 billion, a P/E ratio of 24.1751 and a beta of 1.76.

Las Vegas Sands Corp. (NYSE:LVS) last issued its earnings results on Wednesday, July 26th. The casino operator reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.14. Las Vegas Sands Corp. had a net margin of 16.66% and a return on equity of 29.91%. The company had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same period last year, the company posted $0.52 earnings per share. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. Equities research analysts predict that Las Vegas Sands Corp. will post $2.76 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, September 21st were issued a $0.73 dividend. The ex-dividend date was Wednesday, September 20th. This represents a $2.92 dividend on an annualized basis and a yield of 4.73%. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is presently 113.18%.

Las Vegas Sands Corp. 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 Corp. (NYSE:LVS)

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