Envestnet Asset Management Inc. Has $8.73 Million Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

Envestnet Asset Management Inc. lowered its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 24.7% in the second quarter, HoldingsChannel.com reports. The firm owned 197,372 shares of the casino operator’s stock after selling 64,787 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Las Vegas Sands were worth $8,734,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in LVS. Vanguard Group Inc. lifted its holdings in shares of Las Vegas Sands by 0.6% in the first quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator’s stock worth $1,918,472,000 after acquiring an additional 209,589 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Las Vegas Sands by 27.6% in the 1st quarter. Nordea Investment Management AB now owns 891,796 shares of the casino operator’s stock valued at $46,124,000 after buying an additional 193,110 shares during the period. ARGA Investment Management LP grew its stake in Las Vegas Sands by 6.4% in the first quarter. ARGA Investment Management LP now owns 3,308,987 shares of the casino operator’s stock valued at $171,075,000 after acquiring an additional 198,413 shares during the period. Northern Trust Corp increased its position in shares of Las Vegas Sands by 3.2% during the fourth quarter. Northern Trust Corp now owns 2,964,600 shares of the casino operator’s stock worth $145,888,000 after acquiring an additional 91,075 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of Las Vegas Sands by 7.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 211,320 shares of the casino operator’s stock valued at $10,929,000 after buying an additional 15,216 shares during the last quarter. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Up 5.6 %

NYSE LVS opened at $51.12 on Friday. The stock’s 50-day moving average price is $40.24 and its 200-day moving average price is $44.46. The company has a market capitalization of $38.09 billion, a P/E ratio of 24.70, a price-to-earnings-growth ratio of 1.20 and a beta of 1.11. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $55.65. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 3.29.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the prior year, the business posted $0.46 earnings per share. Las Vegas Sands’s revenue was up 8.6% on a year-over-year basis. On average, equities research analysts predict that Las Vegas Sands Corp. will post 2.45 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.56%. Las Vegas Sands’s payout ratio is presently 38.65%.

Analysts Set New Price Targets

LVS has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. StockNews.com cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Macquarie lowered their price objective on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Wells Fargo & Company cut their price objective on Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Finally, Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus target price of $55.25.

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.