Amundi Has $151.57 Million Holdings in Las Vegas Sands Corp. $LVS

Amundi increased its stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 14.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,281,533 shares of the casino operator's stock after acquiring an additional 416,744 shares during the quarter. Amundi owned about 0.51% of Las Vegas Sands worth $151,574,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. California State Teachers Retirement System grew its position in Las Vegas Sands by 4,502.5% during the second quarter. California State Teachers Retirement System now owns 23,512,696 shares of the casino operator's stock worth $1,086,051,000 after buying an additional 23,001,830 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Las Vegas Sands by 222.7% during the 4th quarter. AQR Capital Management LLC now owns 9,098,518 shares of the casino operator's stock worth $592,223,000 after purchasing an additional 6,279,390 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Las Vegas Sands by 4.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 8,582,962 shares of the casino operator's stock valued at $462,450,000 after purchasing an additional 396,705 shares during the period. Bank of New York Mellon Corp increased its position in shares of Las Vegas Sands by 18.7% during the fourth quarter. Bank of New York Mellon Corp now owns 7,893,031 shares of the casino operator's stock valued at $513,757,000 after purchasing an additional 1,246,206 shares during the period. Finally, Norges Bank acquired a new position in shares of Las Vegas Sands in the fourth quarter valued at $364,892,000. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LVS has been the topic of several analyst reports. UBS Group set a $52.00 price target on shares of Las Vegas Sands in a report on Thursday, July 2nd. The Goldman Sachs Group lowered their target price 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. Mizuho dropped their target price on Las Vegas Sands from $67.00 to $61.00 and set an "outperform" rating for the company in a report on Thursday, July 23rd. Wolfe Research started coverage on Las Vegas Sands in a research note on Wednesday, September 2nd. They set a "peer perform" rating for the company. Finally, Bank of America cut their price objective on Las Vegas Sands from $70.00 to $60.00 and set a "neutral" rating for the company in a report on Monday, July 20th. 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 MarketBeat.com, Las Vegas Sands has an average rating of "Hold" and an average price target of $61.88.

Las Vegas Sands Stock Down 0.9%

Shares of NYSE LVS opened at $43.96 on Wednesday. Las Vegas Sands Corp. has a 12-month low of $43.36 and a 12-month high of $70.45. The firm's 50-day simple moving average is $46.02 and its 200 day simple moving average is $50.32. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 15.27. The company has a market cap of $28.47 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 1.09 and a beta of 0.83.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted 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). Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the previous year, the business posted $0.66 EPS. The company's revenue was down .7% compared to the same quarter last year. On average, research analysts expect that Las Vegas Sands Corp. will post 3.09 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The company 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. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, August 4th. Las Vegas Sands's dividend payout ratio is 46.69%.

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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