Las Vegas Sands Corp. (NYSE:LVS) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 33.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 548,072 shares of the casino operator's stock after acquiring an additional 136,859 shares during the period. Principal Financial Group Inc. owned approximately 0.07% of Las Vegas Sands worth $27,590,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in LVS. CVA Family Office LLC increased its holdings 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 purchasing an additional 304 shares in the last quarter. Bank & Trust Co purchased a new position in shares of Las Vegas Sands in the 2nd quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings 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 purchasing an additional 437 shares in the last quarter. GAMMA Investing LLC increased its holdings 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 purchasing an additional 243 shares in the last quarter. Finally, Vestor Capital LLC purchased a new position in shares of Las Vegas Sands in the 3rd quarter valued at about $43,000. Institutional investors and hedge funds own 39.16% of the company's stock.

Insider Transactions at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 24,324 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 60,187 shares of the company's stock, valued at approximately $3,129,724. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Robert G. Goldstein sold 119,221 shares of the business's stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $53.73, for a total value 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert G. Goldstein sold 24,324 shares of the company's stock in a transaction on 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 in the company, valued at approximately $3,129,724. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.91% of the company's stock.

Las Vegas Sands Stock Up 0.1 %

NYSE:LVS traded up $0.03 on Wednesday, hitting $49.29. 1,701,204 shares of the company's stock were exchanged, compared to its average volume of 5,789,840. The company has a market cap of $35.74 billion, a P/E ratio of 24.44, a price-to-earnings-growth ratio of 1.30 and a beta of 1.11. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $55.65. The firm has a 50-day moving average price of $48.19 and a 200-day moving average price of $44.66.

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 the consensus estimate of $0.53 by ($0.09). The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.79 billion. Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 earnings per share. As a group, analysts expect that Las Vegas Sands Corp. will post 2.33 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently announced 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 of this dividend is Tuesday, November 5th. This represents a $0.80 annualized dividend and a dividend yield of 1.62%. Las Vegas Sands's dividend payout ratio is currently 39.60%.

Analyst Ratings Changes

LVS has been the subject of several recent research reports. Macquarie dropped their target price on shares of Las Vegas Sands from $58.00 to $56.00 and set an "outperform" rating for the company in a report on Thursday, July 25th. Argus downgraded shares of Las Vegas Sands from a "buy" rating to a "hold" rating in a report on Thursday, August 15th. StockNews.com downgraded shares of Las Vegas Sands from a "buy" rating to a "hold" rating in a report on Thursday, July 25th. JPMorgan Chase & Co. raised their target price 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, Mizuho raised their target price on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, Las Vegas Sands has a consensus rating of "Moderate Buy" and an average target price of $58.00.

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.