Creative Planning Sells 45,707 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Creative Planning decreased its holdings in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 54.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,131 shares of the casino operator's stock after selling 45,707 shares during the quarter. Creative Planning's holdings in Las Vegas Sands were worth $1,920,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LVS. CVA Family Office LLC increased its stake in shares of 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 acquiring an additional 304 shares in the last quarter. Bank & Trust Co bought a new stake in shares of Las Vegas Sands in the 2nd quarter valued at $29,000. Fidelis Capital Partners LLC bought a new stake in shares of Las Vegas Sands in the 1st quarter valued at $43,000. GAMMA Investing LLC increased its stake in shares of Las Vegas Sands by 40.1% in 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 in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of 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 valued at $40,000 after acquiring an additional 437 shares in the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on LVS shares. Jefferies Financial Group lowered their price objective on shares of Las Vegas Sands from $53.00 to $47.00 and set a "hold" rating for the company in a research note on Thursday, July 11th. Stifel Nicolaus boosted their price target on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Morgan Stanley boosted their price target on shares of Las Vegas Sands from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of 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. Finally, Mizuho boosted their price target 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. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $57.92.

Las Vegas Sands Stock Down 0.4 %

LVS traded down $0.23 during mid-day trading on Tuesday, reaching $53.39. 5,528,633 shares of the stock were exchanged, compared to its average volume of 5,772,910. The company has a 50 day moving average price of $45.69 and a two-hundred day moving average price of $44.36. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.57 and a current ratio of 1.58. The stock has a market capitalization of $39.32 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 1.49 and a beta of 1.12. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 year high of $55.65.

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 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 return on equity of 44.41% and a net margin of 14.08%. Las Vegas Sands's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the firm posted $0.55 earnings per share. As a group, research analysts anticipate that Las Vegas Sands Corp. will post 2.45 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Monday, November 4th. Las Vegas Sands's dividend payout ratio (DPR) is currently 39.60%.

Las Vegas Sands 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.