TCTC Holdings LLC Sells 13,914 Shares of Las Vegas Sands Corp. (NYSE:LVS)

TCTC Holdings LLC cut its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 3.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 440,364 shares of the casino operator's stock after selling 13,914 shares during the period. TCTC Holdings LLC owned approximately 0.06% of Las Vegas Sands worth $22,168,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LVS. CVA Family Office LLC raised its holdings in 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 purchasing an additional 304 shares in the last quarter. Bank & Trust Co bought a new stake in Las Vegas Sands during the second quarter worth approximately $29,000. Capital Performance Advisors LLP bought a new stake in Las Vegas Sands during the third quarter worth approximately $43,000. GAMMA Investing LLC raised its holdings in 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 purchasing an additional 243 shares in the last quarter. Finally, Vestor Capital LLC bought a new stake in Las Vegas Sands during the third quarter worth approximately $43,000. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LVS has been the topic of several research reports. Macquarie dropped their price target on Las Vegas Sands from $58.00 to $56.00 and set an "outperform" rating on the stock in a report on Thursday, July 25th. StockNews.com cut Las Vegas Sands from a "buy" rating to a "hold" rating in a report on Thursday, July 25th. Barclays upped their price target on Las Vegas Sands from $52.00 to $58.00 and gave the company an "overweight" rating in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft dropped their price target on Las Vegas Sands from $61.00 to $55.00 and set a "buy" rating on the stock in a report on Thursday, July 25th. Finally, Morgan Stanley upped their price target on Las Vegas Sands from $50.00 to $55.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Las Vegas Sands presently has an average rating of "Moderate Buy" and a consensus target price of $58.00.

Insider Activity

In other news, CEO Robert G. Goldstein sold 119,221 shares of the business's stock in a transaction on Tuesday, October 29th. The shares were 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 in the company, valued at $4,540,776.03. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.91% of the stock is currently owned by corporate insiders.

Las Vegas Sands Trading Down 2.1 %

NYSE LVS traded down $1.08 on Friday, hitting $50.38. 8,699,094 shares of the stock were exchanged, compared to its average volume of 5,206,704. Las Vegas Sands Corp. has a 52-week low of $36.62 and a 52-week 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 0.89. The company has a market capitalization of $36.53 billion, a price-to-earnings ratio of 24.94, a P/E/G ratio of 1.33 and a beta of 1.11. The company's 50-day moving average price is $47.75 and its two-hundred day moving average price is $44.61.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted 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 net margin of 13.29% and a return on equity of 44.26%. The company had revenue of $2.68 billion for the quarter, compared to analysts' expectations of $2.79 billion. During the same quarter in the prior year, the firm earned $0.55 earnings per share. The company's revenue was down 4.0% on a year-over-year basis. Research analysts predict that Las Vegas Sands Corp. will post 2.35 EPS for the current 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 issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Tuesday, November 5th. Las Vegas Sands's dividend payout ratio is currently 39.60%.

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.