PensionDanmark Pensionsforsikringsaktieselskab Sells 21,318 Shares of Las Vegas Sands Corp. $LVS

PensionDanmark Pensionsforsikringsaktieselskab lowered its position in Las Vegas Sands Corp. (NYSE:LVS) by 29.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,022 shares of the casino operator’s stock after selling 21,318 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Las Vegas Sands were worth $2,311,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LVS. International Assets Investment Management LLC purchased a new stake in shares of Las Vegas Sands in the 4th quarter worth $26,000. DV Equities LLC purchased a new position in shares of Las Vegas Sands during the fourth quarter valued at $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in shares of Las Vegas Sands during the fourth quarter valued at $29,000. Wilmington Savings Fund Society FSB raised its holdings in shares of Las Vegas Sands by 254.8% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock valued at $36,000 after acquiring an additional 400 shares in the last quarter. Finally, Activest Wealth Management lifted its stake in Las Vegas Sands by 1,208.0% in the fourth quarter. Activest Wealth Management now owns 654 shares of the casino operator’s stock worth $43,000 after acquiring an additional 604 shares during the period. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LVS has been the topic of several recent research reports. Bank of America dropped their target price on shares of Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Wells Fargo & Company reduced their price target on shares of Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating for the company in a report on Tuesday, July 14th. Mizuho dropped their price objective on shares of Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. JPMorgan Chase & Co. cut their price objective on shares of Las Vegas Sands from $64.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Finally, Susquehanna reduced their price objective on shares of Las Vegas Sands from $64.00 to $63.00 and set a “positive” rating for the company in a research note on Wednesday, July 22nd. Ten analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.88.

Las Vegas Sands Stock Down 0.7%

Las Vegas Sands stock opened at $45.46 on Tuesday. Las Vegas Sands Corp. has a 1-year low of $44.21 and a 1-year high of $70.45. The business has a fifty day moving average price of $47.56 and a 200-day moving average price of $52.14. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.00 and a quick ratio of 0.99. The stock has a market capitalization of $29.44 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 1.13 and a beta of 0.85.

Las Vegas Sands (NYSE:LVS) last announced its earnings results 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). Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period in the prior year, the company earned $0.66 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. Equities research analysts forecast that Las Vegas Sands Corp. will post 3.09 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Investors of record on Tuesday, August 4th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, August 4th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 46.69%.

Las Vegas Sands Company Profile

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.