Las Vegas Sands Corp. $LVS Stock Position Raised by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 5.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 722,081 shares of the casino operator’s stock after purchasing an additional 37,932 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Las Vegas Sands were worth $33,353,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of LVS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Las Vegas Sands by 8.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock worth $1,207,000 after acquiring an additional 2,418 shares in the last quarter. Woodline Partners LP grew its stake in Las Vegas Sands by 38.9% during the 1st quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock valued at $1,122,000 after acquiring an additional 8,132 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Las Vegas Sands by 91.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator’s stock valued at $93,000 after purchasing an additional 1,027 shares during the period. Flow Traders U.S. LLC acquired a new position in shares of Las Vegas Sands in the 2nd quarter valued at about $414,000. Finally, Cerity Partners LLC lifted its position in shares of Las Vegas Sands by 70.0% in the second quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock worth $766,000 after purchasing an additional 7,243 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

Shares of NYSE LVS opened at $46.00 on Friday. The business’s 50-day simple moving average is $46.77 and its 200-day simple moving average is $51.43. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.99 and a current ratio of 1.00. Las Vegas Sands Corp. has a 52 week low of $44.21 and a 52 week high of $70.45. The firm has a market cap of $29.79 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 1.15 and a beta of 0.85.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.17). The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.31 billion. Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.Las Vegas Sands’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 earnings per share. As a group, equities research analysts expect that Las Vegas Sands Corp. will post 3.09 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. Las Vegas Sands’s payout ratio is 46.69%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Wall Street Zen downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Mizuho lowered their price target on shares of Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating on the stock in a report on Thursday, July 23rd. Weiss Ratings downgraded shares of Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Bank of America reduced their price objective on Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Finally, Argus downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 30th. Ten investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $61.88.

About Las Vegas Sands

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.