Allianz Asset Management GmbH Has $213.27 Million Stake in Las Vegas Sands Corp. $LVS

Allianz Asset Management GmbH lifted its stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 36.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,617,148 shares of the casino operator's stock after buying an additional 1,244,943 shares during the period. Allianz Asset Management GmbH owned approximately 0.71% of Las Vegas Sands worth $213,266,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in Las Vegas Sands during the 4th quarter worth $26,000. DV Equities LLC bought a new stake in shares of Las Vegas Sands during the 4th quarter valued at $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of Las Vegas Sands during the 4th quarter valued at $29,000. Wilmington Savings Fund Society FSB lifted its position in shares of Las Vegas Sands by 254.8% during the 4th 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 during the period. Finally, IFP Advisors Inc grew its holdings in shares of Las Vegas Sands by 182.4% during the 3rd quarter. IFP Advisors Inc now owns 672 shares of the casino operator's stock worth $36,000 after purchasing an additional 434 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company's stock.

Las Vegas Sands Stock Up 0.1%

Shares of NYSE:LVS opened at $44.42 on Tuesday. Las Vegas Sands Corp. has a 52-week low of $43.36 and a 52-week high of $70.45. The company has a market capitalization of $28.77 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 1.09 and a beta of 0.83. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.99 and a current ratio of 1.00. The company has a fifty day moving average of $46.06 and a 200-day moving average of $50.43.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.17). The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.31 billion. Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The company's revenue was down .7% compared to the same quarter last year. During the same period last year, the business earned $0.66 EPS. On average, equities analysts predict that Las Vegas Sands Corp. will post 3.09 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. Las Vegas Sands's dividend payout ratio (DPR) is presently 46.69%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Mizuho decreased their price target on Las Vegas Sands from $67.00 to $61.00 and set an "outperform" rating on the stock in a research report on Thursday, July 23rd. The Goldman Sachs Group reduced their price objective on shares of Las Vegas Sands from $63.00 to $55.00 and set a "buy" rating on the stock in a research note on Thursday, July 23rd. Barclays decreased their target price on shares of Las Vegas Sands from $63.00 to $59.00 and set an "overweight" rating on the stock in a report on Thursday, July 23rd. Susquehanna dropped their target price on shares of Las Vegas Sands from $64.00 to $63.00 and set a "positive" rating for the company in a research report on Wednesday, July 22nd. Finally, Wolfe Research began coverage on shares of Las Vegas Sands in a report on Wednesday, September 2nd. They set a "peer perform" rating for the company. Ten analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Las Vegas Sands presently has an average rating of "Hold" and an average price target of $61.88.

About Las Vegas Sands

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.

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