iA Global Asset Management Inc. Sells 18,118 Shares of Las Vegas Sands Corp. (NYSE:LVS)

iA Global Asset Management Inc. lowered its position in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 46.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,588 shares of the casino operator's stock after selling 18,118 shares during the period. iA Global Asset Management Inc.'s holdings in Las Vegas Sands were worth $1,036,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CVA Family Office LLC lifted its stake in Las Vegas Sands by 118.8% in the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator's stock valued at $28,000 after buying an additional 304 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Las Vegas Sands during the third quarter worth about $34,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Las Vegas Sands by 93.2% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator's stock worth $40,000 after buying an additional 437 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Las Vegas Sands by 40.1% during the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator's stock valued at $43,000 after acquiring an additional 243 shares during the last quarter. Finally, Vestor Capital LLC purchased a new position in shares of Las Vegas Sands during the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 39.16% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on LVS shares. Barclays lifted their price target on shares of Las Vegas Sands from $52.00 to $58.00 and gave the company an "overweight" rating in a report on Thursday, October 17th. Argus lowered shares of Las Vegas Sands from a "buy" rating to a "hold" rating in a research note on Thursday, August 15th. Morgan Stanley boosted 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. JPMorgan Chase & Co. raised their price target 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 15th. Finally, UBS Group boosted their price objective on shares of Las Vegas Sands from $49.00 to $50.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. 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 MarketBeat, Las Vegas Sands presently has an average rating of "Moderate Buy" and an average target price of $58.00.

Las Vegas Sands Price Performance

Shares of Las Vegas Sands stock traded down $0.28 during trading on Tuesday, hitting $54.89. The stock had a trading volume of 3,457,497 shares, compared to its average volume of 5,708,220. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. The firm has a market cap of $39.80 billion, a P/E ratio of 27.17, a PEG ratio of 1.44 and a beta of 1.10. Las Vegas Sands Corp. has a fifty-two week low of $36.62 and a fifty-two week high of $56.60. The business has a fifty day moving average of $51.67 and a two-hundred day moving average of $45.36.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced 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). Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The company had revenue of $2.68 billion for the quarter, compared to analysts' expectations of $2.79 billion. During the same period in the previous year, the firm posted $0.55 earnings per share. The business's revenue for the quarter was down 4.0% on a year-over-year basis. On average, sell-side analysts expect that Las Vegas Sands Corp. will post 2.33 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Tuesday, November 5th. Las Vegas Sands's dividend payout ratio (DPR) is currently 39.60%.

Insider Transactions at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 24,324 shares of the business's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the sale, the chief executive officer now directly 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert G. Goldstein sold 60,187 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The disclosure for this sale can be found here. Insiders have sold 203,732 shares of company stock valued at $10,861,707 in the last three months. 0.91% of the stock is owned by corporate insiders.

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.