Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. reduced its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 35.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,155 shares of the casino operator’s stock after selling 629 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Las Vegas Sands were worth $51,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LVS. Dimensional Fund Advisors LP grew its position in Las Vegas Sands by 48.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 882,154 shares of the casino operator’s stock worth $43,410,000 after buying an additional 288,684 shares during the period. Corient Private Wealth LLC grew its position in Las Vegas Sands by 1.0% during the fourth quarter. Corient Private Wealth LLC now owns 28,532 shares of the casino operator’s stock worth $1,404,000 after buying an additional 288 shares during the period. Parallel Advisors LLC grew its position in Las Vegas Sands by 54.8% during the fourth quarter. Parallel Advisors LLC now owns 1,008 shares of the casino operator’s stock worth $50,000 after buying an additional 357 shares during the period. TD Asset Management Inc grew its position in Las Vegas Sands by 18.5% during the fourth quarter. TD Asset Management Inc now owns 122,717 shares of the casino operator’s stock worth $6,039,000 after buying an additional 19,165 shares during the period. Finally, Stifel Financial Corp grew its position in Las Vegas Sands by 0.6% during the fourth quarter. Stifel Financial Corp now owns 151,429 shares of the casino operator’s stock worth $7,452,000 after buying an additional 957 shares during the period. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Las Vegas Sands Stock Performance

Shares of LVS opened at $51.12 on Friday. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.57 and a current ratio of 1.58. The company has a market capitalization of $38.09 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 1.20 and a beta of 1.11. The company’s 50 day simple moving average is $40.24 and its 200 day simple moving average is $44.46. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 year high of $55.65.

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

Las Vegas Sands Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on LVS shares. Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. StockNews.com lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Macquarie lowered their price target 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. Finally, Wells Fargo & Company lowered their price target on shares of Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Las Vegas Sands presently has an average rating of “Moderate Buy” and an average price target of $55.25.

Las Vegas Sands 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.