Natixis Advisors LLC Has $11.95 Million Stock Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Natixis Advisors LLC decreased its position in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 9.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 237,356 shares of the casino operator's stock after selling 25,532 shares during the period. Natixis Advisors LLC's holdings in Las Vegas Sands were worth $11,949,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its stake in shares of 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 purchasing an additional 5,039,072 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Las Vegas Sands by 58.6% in the 1st quarter. Janus Henderson Group PLC now owns 5,330,023 shares of the casino operator's stock valued at $275,559,000 after buying an additional 1,968,941 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of 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 acquiring an additional 1,536,754 shares during the period. Capital Research Global Investors acquired a new stake in shares of Las Vegas Sands during the 1st quarter valued at about $72,550,000. Finally, Charles Lim Capital Ltd increased its stake in Las Vegas Sands by 178.3% in the second quarter. Charles Lim Capital Ltd now owns 1,600,000 shares of the casino operator's stock valued at $70,800,000 after acquiring an additional 1,025,000 shares during the period. Institutional investors own 39.16% of the company's stock.

Analyst Ratings Changes

LVS has been the subject of a number of analyst reports. Mizuho raised their price target on shares of Las Vegas Sands from $52.00 to $57.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Wells Fargo & Company raised 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. Morgan Stanley upped their price target on Las Vegas Sands from $50.00 to $55.00 and gave the company an "overweight" rating in a research report on Tuesday, October 22nd. Stifel Nicolaus lifted their price objective on Las Vegas Sands from $55.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, StockNews.com lowered shares of Las Vegas Sands from a "buy" rating to a "hold" rating in a report on Thursday, July 25th. Four 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 currently has a consensus rating of "Moderate Buy" and an average target price of $58.00.

Insider Activity at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 119,221 shares of Las Vegas Sands stock in a transaction 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 $4,540,776.03. This trade represents a 58.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

Las Vegas Sands Trading Down 0.9 %

LVS stock opened at $49.48 on Thursday. 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 twelve month low of $36.62 and a twelve month high of $55.65. The company has a market cap of $35.87 billion, a P/E ratio of 24.71, a PEG ratio of 1.30 and a beta of 1.11. The business has a fifty day moving average of $49.32 and a 200-day moving average of $44.80.

Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.09). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. 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 firm earned $0.55 EPS. The firm's quarterly revenue was down 4.0% compared to the same quarter last year. As a group, equities research analysts expect that Las Vegas Sands Corp. will post 2.33 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.62%. Las Vegas Sands's dividend payout ratio (DPR) is presently 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.