Bank of America Corp DE Has $73.25 Million Position in Las Vegas Sands Corp. $LVS

Key Points

• Bank of America reduced its Las Vegas Sands stake by 26.9% in the first quarter, selling 501,284 shares and retaining 1.36 million shares worth approximately $73.25 million.
• Las Vegas Sands reported quarterly revenue of $3.15 billion and EPS of $0.59, both below analyst expectations; revenue declined 0.7% year over year. The company declared a quarterly dividend of $0.30 per share, equating to a 2.6% annualized yield.
• Analyst sentiment is mixed, with 10 Buy, 8 Hold, and 1 Sell ratings. The consensus rating is Hold, with a $61.88 price target versus the stock’s reported $45.79 price.

Bank of America Corp DE lessened its stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 26.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,359,501 shares of the casino operator's stock after selling 501,284 shares during the quarter. Bank of America Corp DE owned 0.21% of Las Vegas Sands worth $73,250,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its stake 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 during the last quarter. Norges Bank bought a new stake in shares of Las Vegas Sands during the 4th quarter worth about $364,892,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Las Vegas Sands by 410.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,167,553 shares of the casino operator's stock valued at $277,963,000 after acquiring an additional 4,154,753 shares during the last quarter. M&T Bank Corp increased its holdings in shares of Las Vegas Sands by 33,102.6% during the 4th quarter. M&T Bank Corp now owns 3,060,288 shares of the casino operator's stock valued at $197,463,000 after acquiring an additional 3,051,071 shares during the last quarter. Finally, Amundi raised its stake in shares of Las Vegas Sands by 157.2% in the 1st quarter. Amundi now owns 2,864,789 shares of the casino operator's stock valued at $154,355,000 after acquiring an additional 1,750,758 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company's stock.

Las Vegas Sands Stock Up 0.0%

LVS opened at $45.79 on Monday. The company has a market capitalization of $29.66 billion, a P/E ratio of 17.82, a P/E/G ratio of 1.13 and a beta of 0.85. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.00 and a quick ratio of 0.99. The firm's fifty day moving average price is $47.72 and its two-hundred day moving average price is $52.23. Las Vegas Sands Corp. has a fifty-two week low of $44.21 and a fifty-two week high of $70.45.

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). 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 the consensus estimate of $3.31 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company's revenue for the quarter was down .7% on a year-over-year basis. On average, analysts anticipate that Las Vegas Sands Corp. will post 3.09 EPS for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, August 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. Las Vegas Sands's payout ratio is currently 46.69%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LVS. The Goldman Sachs Group decreased their target price on Las Vegas Sands from $63.00 to $55.00 and set a "buy" rating for the company in a research report on Thursday, July 23rd. Wall Street Zen lowered shares of Las Vegas Sands from a "buy" rating to a "hold" rating in a research report on Sunday, July 12th. Zacks Research cut shares of Las Vegas Sands from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $62.00 price objective (down from $73.00) on shares of Las Vegas Sands in a report on Thursday, July 23rd. Finally, Susquehanna lowered their target price on shares of Las Vegas Sands from $64.00 to $63.00 and set a "positive" rating on the stock in a research note on Wednesday, July 22nd. Ten research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Las Vegas Sands has a consensus rating of "Hold" and a consensus target price of $61.88.

Las Vegas Sands News Summary

Here are the key news stories impacting Las Vegas Sands this week:

• Positive Sentiment: Zacks modestly raised its Q1 2027 EPS estimate to $0.92 from $0.89 and its Q1 2028 estimate to $1.04 from $1.03, suggesting some potential for earnings improvement in those periods. Las Vegas Sands analyst estimates
• Neutral Sentiment: A comparative survey examining Vail Resorts NYSE: MTN and Las Vegas Sands provides broader industry and company-specific context, but the report does not appear to represent a new operational development or direct catalyst for LVS. Critical Survey: Vail Resorts versus Las Vegas Sands
• Negative Sentiment: Zacks reduced its FY2026 EPS forecast to $3.09 from $3.34, lowered FY2027 to $3.49 from $3.63, and cut FY2028 to $3.73 from $3.91. It also lowered estimates for Q3 2026, Q4 2026, Q2 2027, Q3 2027, Q4 2027, and Q2 2028. The broad-based reductions indicate weaker anticipated earnings momentum and are likely the primary reason for the stock’s downward pressure. Zacks Research earnings estimate revisions for Las Vegas Sands

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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