Principal Financial Group Inc. Has $1.56 Million Holdings in Las Vegas Sands Corp. (LVS)

Principal Financial Group Inc. reduced its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 56.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,439 shares of the casino operator’s stock after selling 31,507 shares during the quarter. Principal Financial Group Inc.’s holdings in Las Vegas Sands Corp. were worth $1,561,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of LVS. Global X Management Co. LLC increased its stake in Las Vegas Sands Corp. by 8.3% during the second quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock worth $106,000 after acquiring an additional 126 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Las Vegas Sands Corp. by 24.4% during the second quarter. State of Alaska Department of Revenue now owns 2,603 shares of the casino operator’s stock valued at $166,000 after buying an additional 510 shares during the period. Point72 Asia Hong Kong Ltd boosted its position in shares of Las Vegas Sands Corp. by 87.2% during the first quarter. Point72 Asia Hong Kong Ltd now owns 2,994 shares of the casino operator’s stock valued at $171,000 after buying an additional 1,395 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Las Vegas Sands Corp. by 143.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,731 shares of the casino operator’s stock valued at $174,000 after buying an additional 1,610 shares during the period. Finally, Lee Financial Co boosted its position in shares of Las Vegas Sands Corp. by 1.4% during the second quarter. Lee Financial Co now owns 3,091 shares of the casino operator’s stock valued at $197,000 after buying an additional 43 shares during the period. 38.01% of the stock is currently owned by institutional investors.

Several brokerages have issued reports on LVS. Stifel Nicolaus restated a “buy” rating on shares of Las Vegas Sands Corp. in a research report on Sunday, September 3rd. UBS AG restated a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Monday, July 10th. Instinet restated a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Monday, July 17th. Zacks Investment Research lowered Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Telsey Advisory Group boosted their target price on Las Vegas Sands Corp. from $64.00 to $66.00 and gave the company a “market perform” rating in a research report on Thursday, July 27th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $64.14.

Shares of Las Vegas Sands Corp. (NYSE LVS) opened at 64.26 on Monday. The stock has a market cap of $50.89 billion, a price-to-earnings ratio of 25.00 and a beta of 1.76. Las Vegas Sands Corp. has a one year low of $51.35 and a one year high of $66.22. The company has a 50 day moving average price of $62.89 and a 200-day moving average price of $60.83.

Las Vegas Sands Corp. (NYSE:LVS) last posted its earnings results on Wednesday, July 26th. The casino operator reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.14. Las Vegas Sands Corp. had a net margin of 16.66% and a return on equity of 29.91%. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter last year, the firm earned $0.52 EPS. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. Equities analysts predict that Las Vegas Sands Corp. will post $2.75 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 21st were issued a $0.73 dividend. The ex-dividend date was Wednesday, September 20th. This represents a $2.92 annualized dividend and a yield of 4.54%. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is presently 113.18%.

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A number of other hedge funds and other institutional investors also recently modified their holdings of LVS. Global X Management Co. LLC increased its stake in Las Vegas Sands Corp. by 8.3% during the second quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock worth $106,000 after acquiring an additional 126 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Las Vegas Sands Corp. by 24.4% during the second quarter. State of Alaska Department of Revenue now owns 2,603 shares of the casino operator’s stock valued at $166,000 after buying an additional 510 shares during the period. Point72 Asia Hong Kong Ltd boosted its position in shares of Las Vegas Sands Corp. by 87.2% during the first quarter. Point72 Asia Hong Kong Ltd now owns 2,994 shares of the casino operator’s stock valued at $171,000 after buying an additional 1,395 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Las Vegas Sands Corp. by 143.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,731 shares of the casino operator’s stock valued at $174,000 after buying an additional 1,610 shares during the period. Finally, Lee Financial Co boosted its position in shares of Las Vegas Sands Corp. by 1.4% during the second quarter. Lee Financial Co now owns 3,091 shares of the casino operator’s stock valued at $197,000 after buying an additional 43 shares during the period. 38.01% of the stock is currently owned by institutional investors.

Several brokerages have issued reports on LVS. Stifel Nicolaus restated a “buy” rating on shares of Las Vegas Sands Corp. in a research report on Sunday, September 3rd. UBS AG restated a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Monday, July 10th. Instinet restated a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Monday, July 17th. Zacks Investment Research lowered Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Telsey Advisory Group boosted their target price on Las Vegas Sands Corp. from $64.00 to $66.00 and gave the company a “market perform” rating in a research report on Thursday, July 27th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $64.14.

Shares of Las Vegas Sands Corp. (NYSE LVS) opened at 64.26 on Monday. The stock has a market cap of $50.89 billion, a price-to-earnings ratio of 25.00 and a beta of 1.76. Las Vegas Sands Corp. has a one year low of $51.35 and a one year high of $66.22. The company has a 50 day moving average price of $62.89 and a 200-day moving average price of $60.83.

Las Vegas Sands Corp. (NYSE:LVS) last posted its earnings results on Wednesday, July 26th. The casino operator reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.14. Las Vegas Sands Corp. had a net margin of 16.66% and a return on equity of 29.91%. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter last year, the firm earned $0.52 EPS. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. Equities analysts predict that Las Vegas Sands Corp. will post $2.75 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 21st were issued a $0.73 dividend. The ex-dividend date was Wednesday, September 20th. This represents a $2.92 annualized dividend and a yield of 4.54%. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is presently 113.18%.

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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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