Las Vegas Sands Corp. $LVS Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group reduced its stake in Las Vegas Sands Corp. by 3.6%, selling 68,459 shares, and now owns approximately 1,846,802 shares worth $71.34 million.
• Several hedge funds have adjusted their positions, with Vanguard Group increasing its stake by 5.8% to own over 41 million shares, valued at about $1.59 billion.
• Las Vegas Sands reported quarterly earnings of $0.79 per share, exceeding expectations of $0.53, with revenue rising by 15% year-over-year to $3.18 billion.

Wellington Management Group LLP trimmed its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 3.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,846,802 shares of the casino operator's stock after selling 68,459 shares during the quarter. Wellington Management Group LLP owned 0.26% of Las Vegas Sands worth $71,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MGO One Seven LLC lifted its position in Las Vegas Sands by 5.3% during the 4th quarter. MGO One Seven LLC now owns 7,773 shares of the casino operator's stock worth $399,000 after acquiring an additional 388 shares during the period. Empirical Finance LLC lifted its holdings in shares of Las Vegas Sands by 4.8% in the 1st quarter. Empirical Finance LLC now owns 11,686 shares of the casino operator's stock valued at $451,000 after buying an additional 532 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of Las Vegas Sands by 2.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 22,870 shares of the casino operator's stock valued at $883,000 after buying an additional 569 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Las Vegas Sands by 1.4% in the 1st quarter. State of Alaska Department of Revenue now owns 40,250 shares of the casino operator's stock valued at $1,554,000 after buying an additional 570 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Las Vegas Sands by 2.3% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 26,848 shares of the casino operator's stock valued at $1,037,000 after buying an additional 614 shares during the period. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Las Vegas Sands Price Performance

Shares of LVS stock traded up $0.60 during trading hours on Thursday, reaching $57.30. The company had a trading volume of 793,966 shares, compared to its average volume of 5,583,435. The company has a debt-to-equity ratio of 6.53, a quick ratio of 1.21 and a current ratio of 1.22. The stock has a fifty day moving average of $50.17 and a 200-day moving average of $43.51. The company has a market capitalization of $39.34 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 2.13 and a beta of 1.08. Las Vegas Sands Corp. has a 12-month low of $30.18 and a 12-month high of $57.69.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.26. The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $2.83 billion. Las Vegas Sands had a return on equity of 55.37% and a net margin of 12.16%.The business's revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 earnings per share. On average, equities analysts anticipate that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Investors of record on Tuesday, August 5th were issued a $0.25 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. Las Vegas Sands's dividend payout ratio is currently 50.51%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LVS. Morgan Stanley boosted their price objective on Las Vegas Sands from $47.00 to $50.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. UBS Group boosted their price objective on Las Vegas Sands from $55.00 to $65.00 and gave the company a "neutral" rating in a report on Thursday. Argus upgraded Las Vegas Sands from a "hold" rating to a "buy" rating and set a $60.00 price target for the company in a research note on Monday, July 28th. Barclays lifted their price target on Las Vegas Sands from $57.00 to $58.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, Bank of America lifted their price target on Las Vegas Sands from $52.50 to $58.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $59.00.

About Las Vegas Sands

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore.