Las Vegas Sands Corp. $LVS Shares Sold by Deutsche Bank AG

Deutsche Bank AG trimmed its stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 7.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,663,434 shares of the casino operator's stock after selling 126,636 shares during the period. Deutsche Bank AG owned 0.26% of Las Vegas Sands worth $76,834,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Mackenzie Financial Corp boosted its stake in Las Vegas Sands by 0.3% during the 3rd quarter. Mackenzie Financial Corp now owns 53,945 shares of the casino operator's stock worth $2,902,000 after purchasing an additional 156 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Las Vegas Sands by 7.8% in the third quarter. Parallel Advisors LLC now owns 2,449 shares of the casino operator's stock valued at $132,000 after purchasing an additional 177 shares during the period. &PARTNERS increased its position in Las Vegas Sands by 3.2% during the fourth quarter. &PARTNERS now owns 6,930 shares of the casino operator's stock worth $453,000 after purchasing an additional 214 shares during the last quarter. United Capital Financial Advisors LLC increased its position in Las Vegas Sands by 5.5% during the third quarter. United Capital Financial Advisors LLC now owns 4,945 shares of the casino operator's stock worth $266,000 after purchasing an additional 258 shares during the last quarter. Finally, Kestra Private Wealth Services LLC raised its position in shares of Las Vegas Sands by 4.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 6,859 shares of the casino operator's stock valued at $446,000 after buying an additional 279 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on LVS shares. JPMorgan Chase & Co. decreased their target price on shares of Las Vegas Sands from $64.00 to $60.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. Wall Street Zen lowered Las Vegas Sands from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Citigroup lowered their price target on shares of Las Vegas Sands from $78.50 to $73.00 and set a "buy" rating for the company in a report on Friday, July 10th. UBS Group set a $52.00 price objective on Las Vegas Sands in a report on Thursday, July 2nd. Finally, Wells Fargo & Company cut their price target on shares of Las Vegas Sands from $65.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 14th. Ten investment 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 presently has a consensus rating of "Hold" and an average price target of $61.88.

Las Vegas Sands Price Performance

LVS stock opened at $46.00 on Friday. 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 firm has a market cap of $29.79 billion, a P/E ratio of 17.90, a PEG ratio of 1.15 and a beta of 0.85. Las Vegas Sands Corp. has a 1 year low of $44.21 and a 1 year high of $70.45. The stock's 50 day moving average price is $46.77 and its 200 day moving average price is $51.43.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.17). Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The company had revenue of $3.15 billion for the quarter, compared to analysts' expectations of $3.31 billion. During the same quarter in the prior year, the business posted $0.66 EPS. The company's revenue for the quarter was down .7% compared to the same quarter last year. On average, sell-side analysts expect that Las Vegas Sands Corp. will post 3.09 earnings per share 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. Shareholders of record on Tuesday, August 4th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, August 4th. Las Vegas Sands's payout ratio is 46.69%.

Las Vegas Sands Profile

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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