Charles Schwab Investment Management Inc. Has $105.28 Million Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Charles Schwab Investment Management Inc. lowered its position in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 1.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,091,454 shares of the casino operator's stock after selling 27,326 shares during the period. Charles Schwab Investment Management Inc. owned 0.29% of Las Vegas Sands worth $105,284,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of LVS. L & S Advisors Inc bought a new position in Las Vegas Sands in the 3rd quarter worth about $6,605,000. Commerce Bank grew its holdings in Las Vegas Sands by 1.5% in the 3rd quarter. Commerce Bank now owns 20,828 shares of the casino operator's stock worth $1,048,000 after buying an additional 301 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Las Vegas Sands in the 3rd quarter valued at approximately $575,000. Meeder Asset Management Inc. increased its position in Las Vegas Sands by 97.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 89,743 shares of the casino operator's stock valued at $4,518,000 after acquiring an additional 44,223 shares during the period. Finally, Pathstone Holdings LLC raised its stake in Las Vegas Sands by 1.7% during the 3rd quarter. Pathstone Holdings LLC now owns 35,187 shares of the casino operator's stock valued at $1,771,000 after acquiring an additional 573 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on LVS shares. Barclays raised their price target on Las Vegas Sands from $52.00 to $58.00 and gave the company an "overweight" rating in a report on Thursday, October 17th. Mizuho raised their target price on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Argus lowered shares of Las Vegas Sands from a "buy" rating to a "hold" rating in a research note on Thursday, August 15th. UBS Group increased their price objective on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Finally, Wells Fargo & Company upped their target price on Las Vegas Sands from $53.00 to $60.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 1st. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $58.00.

Insider Transactions at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 119,221 shares of the business'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 transaction, the chief executive officer now directly owns 84,511 shares of the company's stock, valued at approximately $4,540,776.03. The trade was a 58.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.20% of the stock is currently owned by insiders.

Las Vegas Sands Trading Up 1.0 %

Shares of NYSE LVS traded up $0.51 during mid-day trading on Wednesday, hitting $51.43. 3,122,217 shares of the company traded hands, compared to its average volume of 5,755,561. 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 1 year low of $36.62 and a 1 year high of $55.65. The stock has a market capitalization of $37.29 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 1.35 and a beta of 1.11. The business has a 50 day moving average of $50.36 and a two-hundred day moving average of $44.94.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.09). The firm had revenue of $2.68 billion for 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%. Las Vegas Sands's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 earnings per share. On average, sell-side analysts anticipate that Las Vegas Sands Corp. will post 2.33 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were issued a $0.20 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.56%. Las Vegas Sands's payout ratio is currently 39.60%.

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.