Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by US Bancorp DE

US Bancorp DE reduced its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 4.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 113,258 shares of the casino operator’s stock after selling 4,786 shares during the quarter. US Bancorp DE’s holdings in Las Vegas Sands were worth $5,701,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in LVS. CVA Family Office LLC increased its stake in shares of Las Vegas Sands by 118.8% during the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after acquiring an additional 304 shares during the last quarter. Bank & Trust Co purchased a new stake in Las Vegas Sands in the second quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. increased its position in Las Vegas Sands by 93.2% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock worth $40,000 after purchasing an additional 437 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in Las Vegas Sands during the first quarter worth approximately $43,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Las Vegas Sands by 40.1% in the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after purchasing an additional 243 shares during the last quarter. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays upped their price objective on Las Vegas Sands from $52.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Jefferies Financial Group cut their price objective on Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. Argus lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Morgan Stanley increased their target price on shares of Las Vegas Sands from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company lifted their price target on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and an average price target of $57.92.

Insider Buying and Selling at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 119,221 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total transaction of $6,405,744.33. Following the completion of the sale, the chief executive officer now owns 84,511 shares of the company’s stock, valued at approximately $4,540,776.03. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

Las Vegas Sands Price Performance

LVS opened at $51.73 on Monday. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $55.65. The firm has a market cap of $37.51 billion, a price-to-earnings ratio of 25.61, a PEG ratio of 1.36 and a beta of 1.11. The company has a current ratio of 0.90, a quick ratio of 1.57 and a debt-to-equity ratio of 3.09. The company has a fifty day simple moving average of $46.61 and a 200 day simple moving average of $44.42.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the prior year, the business earned $0.55 earnings per share. The firm’s revenue was down 4.0% on a year-over-year basis. Equities research analysts expect that Las Vegas Sands Corp. will post 2.35 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.80 annualized dividend and a yield of 1.55%. Las Vegas Sands’s dividend payout ratio is presently 39.60%.

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.