Sumitomo Mitsui Trust Group Inc. Lowers Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Sumitomo Mitsui Trust Group Inc. reduced its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 3.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 723,061 shares of the casino operator's stock after selling 26,100 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.10% of Las Vegas Sands worth $36,399,000 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 the business. GAMMA Investing LLC grew its position in Las Vegas Sands by 40.1% during the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator's stock valued at $43,000 after acquiring an additional 243 shares during the last quarter. Signaturefd LLC grew its position in Las Vegas Sands by 7.8% during the third quarter. Signaturefd LLC now owns 3,510 shares of the casino operator's stock valued at $177,000 after acquiring an additional 253 shares during the last quarter. Waldron Private Wealth LLC boosted its stake in shares of Las Vegas Sands by 2.2% during the third quarter. Waldron Private Wealth LLC now owns 12,466 shares of the casino operator's stock valued at $628,000 after purchasing an additional 268 shares during the period. CVA Family Office LLC boosted its stake 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 valued at $28,000 after purchasing an additional 304 shares during the period. Finally, Western Pacific Wealth Management LP boosted its stake in shares of Las Vegas Sands by 53.5% during the first quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator's stock valued at $50,000 after purchasing an additional 338 shares during the period. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Trading Down 1.2 %

LVS stock traded down $0.57 on Friday, reaching $47.96. The company's stock had a trading volume of 6,334,201 shares, compared to its average volume of 5,975,789. The business has a fifty day simple moving average of $48.72 and a two-hundred day simple moving average of $44.74. 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 has a market cap of $34.77 billion, a PE ratio of 23.74, a PEG ratio of 1.26 and a beta of 1.11. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $55.65.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.09). The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. Las Vegas Sands's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 EPS. As a group, research analysts forecast that Las Vegas Sands Corp. will post 2.33 EPS for the current year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a yield of 1.67%. Las Vegas Sands's dividend payout ratio (DPR) is 39.60%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on LVS shares. Stifel Nicolaus increased their price objective on Las Vegas Sands from $55.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. StockNews.com lowered Las Vegas Sands from a "buy" rating to a "hold" rating in a research note on Thursday, July 25th. Argus lowered Las Vegas Sands from a "buy" rating to a "hold" rating in a research note on Thursday, August 15th. UBS Group increased their price objective on Las Vegas Sands from $49.00 to $50.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company increased their price objective on Las Vegas Sands from $53.00 to $60.00 and gave the company an "overweight" rating in a research note on Tuesday, October 1st. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Las Vegas Sands presently has a consensus rating of "Moderate Buy" and an average price target of $58.00.

Insiders Place Their Bets

In other news, CEO Robert G. Goldstein sold 24,324 shares of Las Vegas Sands stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $52.00, for a total value of $1,264,848.00. Following the completion of the transaction, the chief executive officer now owns 60,187 shares of the company's stock, valued at $3,129,724. The trade was a 28.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is owned by corporate insiders.

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.