Vanguard Personalized Indexing Management LLC Lowers Stock Holdings in Las Vegas Sands Corp. $LVS

Vanguard Personalized Indexing Management LLC trimmed its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 11.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 30,075 shares of the casino operator’s stock after selling 3,974 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Las Vegas Sands were worth $1,309,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Las Vegas Sands by 37.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator’s stock valued at $38,000 after purchasing an additional 239 shares during the last quarter. Hilltop National Bank purchased a new position in shares of Las Vegas Sands during the second quarter valued at approximately $44,000. Center for Financial Planning Inc. purchased a new position in shares of Las Vegas Sands during the first quarter valued at approximately $42,000. UMB Bank n.a. lifted its holdings in shares of Las Vegas Sands by 53.8% during the second quarter. UMB Bank n.a. now owns 1,361 shares of the casino operator’s stock valued at $59,000 after purchasing an additional 476 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Las Vegas Sands by 133.1% during the first quarter. Farther Finance Advisors LLC now owns 1,499 shares of the casino operator’s stock valued at $59,000 after purchasing an additional 856 shares during the last quarter. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LVS. Argus upped their target price on shares of Las Vegas Sands from $60.00 to $65.00 in a research note on Tuesday, September 23rd. Susquehanna dropped their target price on shares of Las Vegas Sands from $59.00 to $58.00 and set a “positive” rating on the stock in a research note on Monday, July 21st. Wall Street Zen upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Sunday, September 7th. JPMorgan Chase & Co. upgraded shares of Las Vegas Sands from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $56.00 to $60.00 in a research note on Thursday. Finally, Citigroup reiterated a “buy” rating on shares of Las Vegas Sands in a research note on Wednesday, July 9th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.47.

Las Vegas Sands Stock Down 1.2%

Shares of Las Vegas Sands stock opened at $48.55 on Friday. The company has a market cap of $33.33 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 1.80 and a beta of 1.01. The company’s 50 day moving average is $53.44 and its 200 day moving average is $46.08. Las Vegas Sands Corp. has a twelve month low of $30.18 and a twelve month high of $58.05. The company has a quick ratio of 1.21, a current ratio of 1.22 and a debt-to-equity ratio of 6.53.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.26. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $2.83 billion. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 earnings per share. Research analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Dividend Announcement

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

Las Vegas Sands Company 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.