Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Whittier Trust Co.

Whittier Trust Co. lessened its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 6.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 4,023 shares of the casino operator’s stock after selling 275 shares during the period. Whittier Trust Co.’s holdings in Las Vegas Sands were worth $203,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its stake in Las Vegas Sands by 40.1% during the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after buying an additional 243 shares during the last quarter. CVA Family Office LLC grew its stake in Las Vegas Sands by 118.8% during the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after buying an additional 304 shares during the last quarter. Western Pacific Wealth Management LP grew its stake in Las Vegas Sands by 53.5% during the 1st quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator’s stock worth $50,000 after buying an additional 338 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Las Vegas Sands by 0.8% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 53,098 shares of the casino operator’s stock worth $2,350,000 after buying an additional 401 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in Las Vegas Sands by 93.2% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock worth $40,000 after buying an additional 437 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Trading Up 2.8 %

Las Vegas Sands stock opened at $52.47 on Friday. The stock has a market cap of $39.09 billion, a PE ratio of 25.35, a P/E/G ratio of 1.48 and a beta of 1.12. The stock has a 50-day moving average price of $44.94 and a 200 day moving average price of $44.40. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $55.65. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 3.29.

Las Vegas Sands (NYSE:LVS) 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). The business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 EPS. Equities research analysts predict that Las Vegas Sands Corp. will post 2.45 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.52%. The ex-dividend date is Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio (DPR) is 38.65%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Susquehanna raised their price target on Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research note on Wednesday, October 16th. Argus downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Stifel Nicolaus increased their price target on Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday. Barclays raised their target price on Las Vegas Sands from $52.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Finally, Wells Fargo & Company raised their price target on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $57.92.

Las Vegas Sands 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.