Trade Report: Today, UBS Asset Management Americas Inc. Sold shares of Las Vegas Sands Corp. (LVS)

Today, UBS Asset Management Americas Inc. Sold shares of Las Vegas Sands Corp. (LVS)

UBS Asset Management Americas Inc. reduced its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 5.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,925,803 shares of the casino operator’s stock after selling 113,436 shares during the period. UBS Asset Management Americas Inc. owned about 0.24% of Las Vegas Sands Corp. worth $110,811,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Seven Bridges Advisors LLC raised its stake in shares of Las Vegas Sands Corp. by 45.8% in the second quarter. Seven Bridges Advisors LLC now owns 2,728 shares of the casino operator’s stock worth $119,000 after buying an additional 857 shares in the last quarter. Pinkerton Retirement Specialists LLC bought a new stake in shares of Las Vegas Sands Corp. during the second quarter worth approximately $119,000. Assetmark Inc. raised its stake in shares of Las Vegas Sands Corp. by 10.6% in the second quarter. Assetmark Inc. now owns 3,069 shares of the casino operator’s stock worth $133,000 after buying an additional 293 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of Las Vegas Sands Corp. by 9.5% in the third quarter. Advisory Services Network LLC now owns 2,366 shares of the casino operator’s stock worth $136,000 after buying an additional 205 shares in the last quarter. Finally, First Mercantile Trust Co. raised its stake in shares of Las Vegas Sands Corp. by 42.8% in the third quarter. First Mercantile Trust Co. now owns 2,886 shares of the casino operator’s stock worth $166,000 after buying an additional 865 shares in the last quarter. 38.96% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Corp. (NYSE:LVS) traded up 0.66% on Friday, hitting $62.83. 750,054 shares of the stock traded hands. The company’s 50 day moving average price is $58.65 and its 200-day moving average price is $51.85. The stock has a market cap of $49.93 billion, a price-to-earnings ratio of 30.68 and a beta of 1.98. Las Vegas Sands Corp. has a 52-week low of $34.88 and a 52-week high of $62.88.

Las Vegas Sands Corp. (NYSE:LVS) last announced its quarterly earnings results on Thursday, November 3rd. The casino operator reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.12. The company earned $2.97 billion during the quarter, compared to the consensus estimate of $2.80 billion. Las Vegas Sands Corp. had a net margin of 14.53% and a return on equity of 23.24%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 earnings per share. On average, analysts forecast that Las Vegas Sands Corp. will post $2.35 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Wednesday, December 21st will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend is Monday, December 19th. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is presently 140.49%.

A number of analysts have commented on LVS shares. Citigroup Inc. reissued a “buy” rating and set a $62.00 price objective on shares of Las Vegas Sands Corp. in a report on Wednesday, September 14th. Argus raised Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $56.54 to $67.00 in a report on Wednesday, September 14th. Stifel Nicolaus boosted their price objective on Las Vegas Sands Corp. from $56.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, September 8th. TheStreet raised Las Vegas Sands Corp. from a “hold” rating to a “buy” rating in a report on Thursday, September 1st. Finally, Bank of America Corp. raised Las Vegas Sands Corp. from a “neutral” rating to a “buy” rating and upped their target price for the company from $58.87 to $63.00 in a report on Tuesday, October 4th. Ten investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $57.50.

Las Vegas Sands Corp. Company Profile

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