Investors bought shares of Las Vegas Sands Corp. (NYSE:LVS) on weakness during trading on Monday. $62.85 million flowed into the stock on the tick-up and $20.01 million flowed out of the stock on the tick-down, for a money net flow of $42.84 million into the stock. Of all stocks tracked, Las Vegas Sands Corp. had the 16th highest net in-flow for the day. Las Vegas Sands Corp. traded down ($0.60) for the day and closed at $63.66

A number of brokerages recently issued reports on LVS. Zacks Investment Research downgraded Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $54.00 price target (up from $52.00) on shares of Las Vegas Sands Corp. in a report on Thursday, July 27th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $72.00 price target (up from $70.00) on shares of Las Vegas Sands Corp. in a report on Thursday, July 27th. Telsey Advisory Group upped their price target on Las Vegas Sands Corp. from $64.00 to $66.00 and gave the company a “market perform” rating in a report on Thursday, July 27th. Finally, CLSA reaffirmed a “buy” rating on shares of Las Vegas Sands Corp. in a report on Wednesday, July 5th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $64.14.

The firm has a 50 day moving average of $62.89 and a 200 day moving average of $60.83. The company has a market capitalization of $50.42 billion, a PE ratio of 24.77 and a beta of 1.76.

Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings data on Wednesday, July 26th. The casino operator reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.14. Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, analysts anticipate that Las Vegas Sands Corp. will post $2.75 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 21st were given a dividend of $0.73 per share. The ex-dividend date was Wednesday, September 20th. This represents a $2.92 dividend on an annualized basis and a yield of 4.59%. Las Vegas Sands Corp.’s dividend payout ratio is currently 113.18%.

A number of large investors have recently added to or reduced their stakes in the stock. Stephens Inc. AR boosted its position in Las Vegas Sands Corp. by 0.7% during the 2nd quarter. Stephens Inc. AR now owns 4,389 shares of the casino operator’s stock valued at $280,000 after purchasing an additional 31 shares during the period. Baldwin Investment Management LLC boosted its position in Las Vegas Sands Corp. by 0.6% during the 2nd quarter. Baldwin Investment Management LLC now owns 6,473 shares of the casino operator’s stock valued at $414,000 after purchasing an additional 40 shares during the period. Lee Financial Co boosted its position in Las Vegas Sands Corp. by 1.4% during the 2nd quarter. Lee Financial Co now owns 3,091 shares of the casino operator’s stock valued at $197,000 after purchasing an additional 43 shares during the period. Wagner Bowman Management Corp boosted its position in Las Vegas Sands Corp. by 1.1% during the 2nd quarter. Wagner Bowman Management Corp now owns 5,666 shares of the casino operator’s stock valued at $362,000 after purchasing an additional 61 shares during the period. Finally, Toronto Dominion Bank boosted its position in Las Vegas Sands Corp. by 0.4% during the 2nd quarter. Toronto Dominion Bank now owns 24,878 shares of the casino operator’s stock valued at $1,592,000 after purchasing an additional 94 shares during the period. Institutional investors and hedge funds own 38.01% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Investors Buy Las Vegas Sands Corp. (LVS) on Weakness” was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece of content on another domain, it was stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece of content can be viewed at https://theolympiareport.com/2017/10/09/investors-buy-las-vegas-sands-corp-lvs-on-weakness.html.

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.

Receive News & Ratings for Las Vegas Sands Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.