Aviance Capital Management LLC Has $11.43 Million Stake in Las Vegas Sands Corp. (LVS)

Aviance Capital Management LLC decreased its position in Las Vegas Sands Corp. (NYSE:LVS) by 9.3% during the first quarter, Holdings Channel reports. The institutional investor owned 200,177 shares of the casino operator’s stock after selling 20,555 shares during the period. Aviance Capital Management LLC’s holdings in Las Vegas Sands Corp. were worth $11,425,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Las Vegas Sands Corp. by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 732,159 shares of the casino operator’s stock worth $39,109,000 after buying an additional 8,827 shares during the period. Ameriprise Financial Inc. increased its position in shares of Las Vegas Sands Corp. by 55.9% in the first quarter. Ameriprise Financial Inc. now owns 2,418,814 shares of the casino operator’s stock worth $138,022,000 after buying an additional 867,643 shares during the period. Knights of Columbus Asset Advisors LLC acquired a new position in shares of Las Vegas Sands Corp. during the first quarter worth about $1,039,000. Kings Point Capital Management increased its position in shares of Las Vegas Sands Corp. by 50.0% in the first quarter. Kings Point Capital Management now owns 84,758 shares of the casino operator’s stock worth $4,837,000 after buying an additional 28,266 shares during the period. Finally, Toronto Dominion Bank increased its position in shares of Las Vegas Sands Corp. by 4.2% in the first quarter. Toronto Dominion Bank now owns 24,784 shares of the casino operator’s stock worth $1,418,000 after buying an additional 996 shares during the period. 38.28% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Corp. (NYSE LVS) traded down 0.623% during midday trading on Monday, hitting $64.565. The stock had a trading volume of 880,951 shares. Las Vegas Sands Corp. has a one year low of $41.45 and a one year high of $66.22. The stock has a 50-day moving average price of $60.47 and a 200 day moving average price of $56.65. The firm has a market cap of $51.26 billion, a PE ratio of 28.072 and a beta of 1.75.

Las Vegas Sands Corp. (NYSE:LVS) last announced its quarterly earnings results on Wednesday, April 26th. The casino operator reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.04. The business had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.11 billion. Las Vegas Sands Corp. had a return on equity of 26.93% and a net margin of 15.51%. The business’s revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS. On average, analysts predict that Las Vegas Sands Corp. will post $2.59 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 22nd will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 4.49%. The ex-dividend date is Tuesday, June 20th. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is 126.96%.

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A number of equities analysts recently issued reports on the company. Stifel Nicolaus lowered their price target on Las Vegas Sands Corp. from $65.00 to $63.00 and set a “buy” rating for the company in a report on Monday, April 10th. Aegis reaffirmed a “buy” rating and issued a $60.00 price target (up from $59.00) on shares of Las Vegas Sands Corp. in a report on Sunday, April 23rd. Vetr downgraded Las Vegas Sands Corp. from a “hold” rating to a “sell” rating and set a $55.63 price target for the company. in a report on Monday, March 20th. Wells Fargo & Company reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Thursday, April 6th. Finally, Telsey Advisory Group upped their price target on Las Vegas Sands Corp. from $58.00 to $62.00 and gave the company a “market perform” rating in a report on Thursday, April 27th. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $61.48.

About Las Vegas Sands Corp.

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

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Institutional Ownership by Quarter for Las Vegas Sands Corp. (NYSE:LVS)

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