Cohen Capital Management Inc. Sells 21,500 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Cohen Capital Management Inc. decreased its stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 53.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,456 shares of the casino operator's stock after selling 21,500 shares during the quarter. Cohen Capital Management Inc.'s holdings in Las Vegas Sands were worth $929,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LVS. CVA Family Office LLC boosted its position 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 during the period. Bank & Trust Co acquired a new stake in Las Vegas Sands during the 2nd quarter worth $29,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Las Vegas Sands by 93.2% in the second 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. Fidelis Capital Partners LLC purchased a new position in Las Vegas Sands during the 1st quarter worth approximately $43,000. Finally, GAMMA Investing LLC grew its position in shares of Las Vegas Sands by 40.1% during the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator's stock worth $43,000 after acquiring an additional 243 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company's stock.

Wall Street Analyst Weigh In

LVS has been the subject of several research analyst reports. Macquarie cut their price objective on Las Vegas Sands from $58.00 to $56.00 and set an "outperform" rating for the company in a research report on Thursday, July 25th. Argus downgraded Las Vegas Sands from a "buy" rating to a "hold" rating in a research report on Thursday, August 15th. Susquehanna lifted their price target on Las Vegas Sands from $51.00 to $59.00 and gave the stock a "positive" rating in a research note on Wednesday, October 16th. Barclays increased their price objective on shares of Las Vegas Sands from $52.00 to $58.00 and gave the company an "overweight" rating in a research note on Thursday, October 17th. Finally, Stifel Nicolaus lifted their target price on shares of Las Vegas Sands from $55.00 to $64.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $57.92.

Insider Activity at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 119,221 shares of the firm'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 transaction, the chief executive officer now directly owns 84,511 shares of the company's stock, valued at approximately $4,540,776.03. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.91% of the company's stock.

Las Vegas Sands Stock Down 0.7 %

Las Vegas Sands stock traded down $0.36 during midday trading on Monday, hitting $51.37. 7,091,018 shares of the stock were exchanged, compared to its average volume of 5,777,546. The firm has a market cap of $37.24 billion, a P/E ratio of 25.61, a P/E/G ratio of 1.36 and a beta of 1.11. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 year high of $55.65. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 1.57. The company has a 50 day moving average price of $46.61 and a two-hundred day moving average price of $44.42.

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 company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the previous year, the business posted $0.55 EPS. The business's revenue for the quarter was down 4.0% on a year-over-year basis. On average, sell-side analysts predict that Las Vegas Sands Corp. will post 2.35 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Monday, November 4th. Las Vegas Sands's payout ratio is 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.