Stifel Financial Corp Decreases Stake in Las Vegas Sands Corp. (NYSE:LVS)

Stifel Financial Corp lowered its stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 49.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,606 shares of the casino operator's stock after selling 72,182 shares during the quarter. Stifel Financial Corp's holdings in Las Vegas Sands were worth $3,756,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of LVS. CVA Family Office LLC boosted its position in shares of Las Vegas Sands by 118.8% during the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator's stock worth $28,000 after acquiring an additional 304 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Las Vegas Sands in the third quarter worth about $34,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Las Vegas Sands by 93.2% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator's stock valued at $40,000 after buying an additional 437 shares during the last quarter. GAMMA Investing LLC increased its stake in Las Vegas Sands by 40.1% in the 3rd 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. Finally, Vestor Capital LLC purchased a new position in shares of Las Vegas Sands in the 3rd quarter worth $43,000. 39.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 60,187 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $53.02, for a total transaction of $3,191,114.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert G. Goldstein sold 119,221 shares of the business's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total value of $6,405,744.33. Following the completion of the transaction, the chief executive officer now owns 84,511 shares in the company, valued at $4,540,776.03. This trade represents a 58.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 203,732 shares of company stock valued at $10,861,707 in the last three months. 1.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on LVS. Susquehanna boosted their price objective on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a "positive" rating in a research report on Wednesday, October 16th. Barclays upped their price target on shares of Las Vegas Sands from $58.00 to $61.00 and gave the stock an "overweight" rating in a report on Friday. Morgan Stanley raised their target price on shares of Las Vegas Sands from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price target on Las Vegas Sands from $60.00 to $62.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Stifel Nicolaus upped their target price on Las Vegas Sands from $55.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Las Vegas Sands presently has an average rating of "Moderate Buy" and an average price target of $58.42.

Las Vegas Sands Price Performance

Shares of NYSE LVS traded up $1.15 during mid-day trading on Tuesday, reaching $53.64. The company's stock had a trading volume of 5,654,956 shares, compared to its average volume of 5,682,222. The stock has a market capitalization of $38.89 billion, a P/E ratio of 26.55, a P/E/G ratio of 1.44 and a beta of 1.10. The stock has a 50-day moving average of $51.83 and a two-hundred day moving average of $45.69. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $56.60. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90.

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 (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 firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the previous year, the business posted $0.55 earnings per share. Las Vegas Sands's revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities research analysts anticipate that Las Vegas Sands Corp. will post 2.33 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.80 annualized dividend and a dividend yield of 1.49%. Las Vegas Sands's dividend payout ratio is currently 39.60%.

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.