Las Vegas Sands Corp. (NYSE:LVS) Shares Bought by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC increased its stake in Las Vegas Sands Corp. (NYSE:LVS) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,125 shares of the casino operator’s stock after buying an additional 225 shares during the period. Chesley Taft & Associates LLC’s holdings in Las Vegas Sands Corp. were worth $1,094,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of LVS. Bank of Montreal Can increased its stake in Las Vegas Sands Corp. by 2.1% in the first quarter. Bank of Montreal Can now owns 442,373 shares of the casino operator’s stock valued at $25,245,000 after buying an additional 9,306 shares during the last quarter. National Pension Service increased its stake in Las Vegas Sands Corp. by 14.1% in the first quarter. National Pension Service now owns 379,821 shares of the casino operator’s stock valued at $21,661,000 after buying an additional 46,882 shares during the last quarter. Vontobel Asset Management Inc. increased its stake in Las Vegas Sands Corp. by 29.8% in the first quarter. Vontobel Asset Management Inc. now owns 5,646,362 shares of the casino operator’s stock valued at $327,900,000 after buying an additional 1,297,306 shares during the last quarter. Dynamic Advisors Solutions LLC bought a new stake in Las Vegas Sands Corp. during the first quarter valued at $4,098,000. Finally, Gulf International Bank UK Ltd increased its stake in Las Vegas Sands Corp. by 27.0% in the first quarter. Gulf International Bank UK Ltd now owns 8,948 shares of the casino operator’s stock valued at $510,000 after buying an additional 1,900 shares during the last quarter. Institutional investors own 38.27% of the company’s stock.

Las Vegas Sands Corp. (NYSE:LVS) traded down 0.11% during midday trading on Tuesday, reaching $61.00. The company’s stock had a trading volume of 3,351,451 shares. The stock’s 50 day moving average price is $62.70 and its 200-day moving average price is $58.12. Las Vegas Sands Corp. has a one year low of $49.89 and a one year high of $66.22. The stock has a market cap of $48.31 billion, a price-to-earnings ratio of 23.74 and a beta of 1.81.

Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings results on Wednesday, July 26th. The casino operator reported $0.73 EPS for the quarter, beating the 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 29.31%. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the prior year, the company earned $0.52 earnings per share. The firm’s revenue was up 18.5% on a year-over-year basis. On average, analysts forecast that Las Vegas Sands Corp. will post $2.73 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 21st will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend is Wednesday, September 20th. Las Vegas Sands Corp.’s payout ratio is 113.18%.

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Several analysts have commented on LVS shares. UBS AG reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Tuesday, April 11th. Wells Fargo & Company reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Tuesday, July 4th. Morgan Stanley reiterated an “equal weight” rating and set a $62.00 target price (up from $58.00) on shares of Las Vegas Sands Corp. in a research note on Monday, July 10th. Stifel Nicolaus reiterated a “buy” rating and set a $72.00 target price (up from $70.00) on shares of Las Vegas Sands Corp. in a research note on Thursday, July 27th. Finally, Deutsche Bank AG increased their target price on Las Vegas Sands Corp. from $50.00 to $52.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $62.65.

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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