Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Huntington National Bank

Huntington National Bank decreased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 46.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 696 shares of the casino operator’s stock after selling 597 shares during the quarter. Huntington National Bank’s holdings in Las Vegas Sands were worth $35,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LVS. Price T Rowe Associates Inc. MD increased its position in shares of Las Vegas Sands by 1.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 32,170,552 shares of the casino operator’s stock worth $1,663,219,000 after purchasing an additional 531,799 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Las Vegas Sands by 15.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock worth $502,307,000 after buying an additional 1,536,754 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position 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 buying an additional 68,568 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Las Vegas Sands by 987.0% in the second quarter. The Manufacturers Life Insurance Company now owns 5,549,615 shares of the casino operator’s stock valued at $245,570,000 after buying an additional 5,039,072 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Las Vegas Sands by 58.6% in the first quarter. Janus Henderson Group PLC now owns 5,330,023 shares of the casino operator’s stock valued at $275,559,000 after acquiring an additional 1,968,941 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Stock Performance

Shares of LVS opened at $49.19 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. Las Vegas Sands Corp. has a 52-week low of $36.62 and a 52-week high of $55.65. The company has a 50-day simple moving average of $49.10 and a 200-day simple moving average of $44.77. The company has a market capitalization of $35.66 billion, a PE ratio of 24.35, a P/E/G ratio of 1.26 and a beta of 1.11.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the business posted $0.55 earnings per share. Equities research analysts predict that Las Vegas Sands Corp. will post 2.33 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.80 annualized dividend and a yield of 1.63%. Las Vegas Sands’s dividend payout ratio is presently 39.60%.

Insiders Place Their Bets

In other news, CEO Robert G. Goldstein sold 24,324 shares of Las Vegas Sands stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the completion of the transaction, the chief executive officer now owns 60,187 shares of the company’s stock, valued at $3,129,724. The trade was a 28.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

LVS has been the topic of a number of recent research reports. Wells Fargo & Company lifted their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. StockNews.com downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft dropped their price target on 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. Susquehanna increased their price objective on Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 16th. Finally, Argus downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Las Vegas Sands Company 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.