National Pension Service Has $32 Million Stock Holdings in Las Vegas Sands Corp. (NYSE:LVS)

National Pension Service cut its stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 14.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 635,742 shares of the casino operator's stock after selling 103,094 shares during the period. National Pension Service owned 0.09% of Las Vegas Sands worth $32,003,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Las Vegas Sands by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator's stock worth $1,918,472,000 after purchasing an additional 209,589 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Las Vegas Sands by 1.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,170,552 shares of the casino operator's stock valued at $1,663,219,000 after buying an additional 531,799 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Las Vegas Sands by 15.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator's stock valued at $502,307,000 after buying an additional 1,536,754 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Las Vegas Sands by 0.8% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,500,248 shares of the casino operator's stock worth $376,136,000 after purchasing an additional 68,568 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Las Vegas Sands by 987.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,549,615 shares of the casino operator's stock worth $245,570,000 after purchasing an additional 5,039,072 shares in the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 119,221 shares of the business's stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $53.73, for a total transaction of $6,405,744.33. Following the completion of the transaction, the chief executive officer now owns 84,511 shares of the company's stock, valued at approximately $4,540,776.03. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.20% of the company's stock.

Las Vegas Sands Stock Performance

Shares of Las Vegas Sands stock traded down $0.81 on Friday, hitting $50.65. The stock had a trading volume of 4,347,162 shares, compared to its average volume of 5,781,720. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $55.65. The business's 50 day moving average is $47.26 and its two-hundred day moving average is $44.54. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. The stock has a market cap of $36.72 billion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 1.35 and a beta of 1.11.

Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its quarterly 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 for the quarter, compared to analyst estimates of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The company's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 EPS. Analysts forecast that Las Vegas Sands Corp. will post 2.35 EPS for the current year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, November 5th. This represents a $0.80 annualized dividend and a yield of 1.58%. Las Vegas Sands's dividend payout ratio is currently 39.60%.

Wall Street Analyst Weigh In

Several research firms recently commented on LVS. Susquehanna raised their target price 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. Morgan Stanley lifted their price objective 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. Jefferies Financial Group cut their price objective on Las Vegas Sands from $53.00 to $47.00 and set a "hold" rating for the company in a research report on Thursday, July 11th. Stifel Nicolaus lifted their target price on Las Vegas Sands from $55.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Las Vegas Sands from $61.00 to $55.00 and set a "buy" rating for the company in a research note on Thursday, July 25th. Four equities research 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 stock currently 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.