State Street Corp Sells 264,680 Shares of Las Vegas Sands Corp. (NYSE:LVS)

State Street Corp reduced its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 1.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,938,808 shares of the casino operator's stock after selling 264,680 shares during the period. State Street Corp owned 2.06% of Las Vegas Sands worth $752,020,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers lifted its position in Las Vegas Sands by 148.3% in the 1st quarter. Cetera Investment Advisers now owns 32,443 shares of the casino operator's stock valued at $1,677,000 after acquiring an additional 19,376 shares in the last quarter. Cetera Advisors LLC bought a new position in Las Vegas Sands in the 1st quarter valued at about $364,000. Czech National Bank lifted its position in Las Vegas Sands by 7.1% in the 2nd quarter. Czech National Bank now owns 69,567 shares of the casino operator's stock valued at $3,078,000 after acquiring an additional 4,593 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Las Vegas Sands by 21.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 42,842 shares of the casino operator's stock valued at $1,896,000 after acquiring an additional 7,544 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its position in Las Vegas Sands by 21.9% in the 2nd quarter. V Square Quantitative Management LLC now owns 4,880 shares of the casino operator's stock valued at $216,000 after acquiring an additional 876 shares in the last quarter. Institutional investors own 39.16% of the company's stock.

Wall Street Analyst Weigh In

LVS has been the topic of several recent research reports. Morgan Stanley raised 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 report on Tuesday, October 22nd. Mizuho lifted their target price on shares of Las Vegas Sands from $52.00 to $57.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. UBS Group lifted their target price on shares of Las Vegas Sands from $49.00 to $50.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. Argus cut shares of Las Vegas Sands from a "buy" rating to a "hold" rating in a research report on Thursday, August 15th. 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 equities 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.00.

Las Vegas Sands Stock Performance

Las Vegas Sands stock traded up $1.18 during mid-day trading on Monday, reaching $55.17. The company's stock had a trading volume of 5,327,904 shares, compared to its average volume of 5,717,714. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $56.60. The company has a market capitalization of $40.00 billion, a P/E ratio of 26.73, a PEG ratio of 1.44 and a beta of 1.10. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90. The firm's fifty day moving average price is $51.58 and its two-hundred day moving average price is $45.29.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings data 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). Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The business had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.79 billion. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The firm's quarterly revenue was down 4.0% on a year-over-year basis. Sell-side analysts predict that Las Vegas Sands Corp. will post 2.33 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were paid a $0.20 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a yield of 1.45%. Las Vegas Sands's dividend payout ratio is 39.60%.

Insider Activity

In other news, CEO Robert G. Goldstein sold 60,187 shares of the business's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $53.02, for a total transaction of $3,191,114.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert G. Goldstein sold 24,324 shares of the business'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 transaction, the chief executive officer now owns 60,187 shares of the company's stock, valued at $3,129,724. This trade represents a 28.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 203,732 shares of company stock worth $10,861,707 in the last three months. Corporate insiders own 1.20% of the company's stock.

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.