Axa S.A. Sells 622 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Axa S.A. cut its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 0.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 360,390 shares of the casino operator’s stock after selling 622 shares during the quarter. Axa S.A.’s holdings in Las Vegas Sands were worth $15,947,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of LVS. Vanguard Group Inc. boosted its holdings in shares of Las Vegas Sands by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator’s stock valued at $1,918,472,000 after buying an additional 209,589 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Las Vegas Sands by 1.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 32,170,552 shares of the casino operator’s stock valued at $1,663,219,000 after buying an additional 531,799 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Las Vegas Sands by 15.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock valued at $502,307,000 after acquiring an additional 1,536,754 shares during the last quarter. Fisher Asset Management LLC grew its position in Las Vegas Sands by 6.3% during the 4th quarter. Fisher Asset Management LLC now owns 11,263,604 shares of the casino operator’s stock worth $554,282,000 after purchasing an additional 669,052 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Las Vegas Sands by 0.8% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,500,248 shares of the casino operator’s stock worth $376,136,000 after acquiring an additional 68,568 shares during the period. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Wall Street Analysts Forecast Growth

LVS has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Wells Fargo & Company cut their target price on Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Jefferies Financial Group reduced their price target on shares of Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. Morgan Stanley decreased their target price on shares of Las Vegas Sands from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 4th. Finally, Stifel Nicolaus lowered their price target on Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Las Vegas Sands has an average rating of “Moderate Buy” and an average target price of $55.25.

Las Vegas Sands Price Performance

Las Vegas Sands stock opened at $51.12 on Friday. The stock has a market cap of $38.09 billion, a P/E ratio of 24.70, a price-to-earnings-growth ratio of 1.20 and a beta of 1.11. The company has a fifty day simple moving average of $40.45 and a 200-day simple moving average of $44.45. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 3.29. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $55.65.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, July 24th. The casino operator reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the prior year, the company earned $0.46 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities analysts expect that Las Vegas Sands Corp. will post 2.45 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.56%. The ex-dividend date was Tuesday, August 6th. Las Vegas Sands’s dividend payout ratio (DPR) is 38.65%.

Las Vegas Sands Profile

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.