38,740 Las Vegas Sands Corp. $LVS Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 6.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 540,601 shares of the casino operator’s stock after selling 38,740 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Las Vegas Sands were worth $20,440,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bamco Inc. NY bought a new stake in shares of Las Vegas Sands during the 2nd quarter valued at $174,796,000. The Manufacturers Life Insurance Company bought a new position in Las Vegas Sands in the 2nd quarter worth $107,407,000. Legal & General Group Plc bought a new position in Las Vegas Sands in the 2nd quarter worth $83,696,000. Amundi lifted its position in Las Vegas Sands by 157.2% during the first quarter. Amundi now owns 2,864,789 shares of the casino operator’s stock valued at $154,355,000 after purchasing an additional 1,750,758 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in Las Vegas Sands during the second quarter valued at $67,068,000. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Argus downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 30th. HC Wainwright cut Las Vegas Sands to a “neutral” rating in a research report on Thursday, July 30th. Zacks Research downgraded Las Vegas Sands from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Susquehanna set a $47.00 target price on shares of Las Vegas Sands in a report on Thursday, October 22nd. Finally, Morgan Stanley decreased their target price on shares of Las Vegas Sands from $55.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 22nd. Ten investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $53.28.

Las Vegas Sands Trading Up 0.5%

Shares of Las Vegas Sands stock opened at $40.93 on Friday. Las Vegas Sands Corp. has a fifty-two week low of $35.03 and a fifty-two week high of $70.45. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.82 and a current ratio of 0.83. The company has a market capitalization of $25.66 billion, a P/E ratio of 16.78, a P/E/G ratio of 0.95 and a beta of 0.78. The company has a fifty day moving average of $39.35 and a 200 day moving average of $48.64.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, October 21st. The casino operator reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.14). The business had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.33 billion. Las Vegas Sands had a net margin of 11.85% and a return on equity of 177.43%. Las Vegas Sands’s revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.78 earnings per share. On average, sell-side analysts anticipate that Las Vegas Sands Corp. will post 2.86 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 Tuesday, November 10th. Shareholders of record on Monday, November 2nd will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, November 2nd. Las Vegas Sands’s dividend payout ratio is presently 49.18%.

Las Vegas Sands Profile

Las Vegas Sands Corp. (NYSE: LVS) is a global developer and operator of integrated resorts, combining hotel accommodations, casinos, convention and exhibition facilities, restaurants, retail outlets, entertainment venues and other leisure amenities. The company serves both mass-market and premium customers through large-scale properties designed to support tourism and business travel.

Las Vegas Sands’ principal operations are in Macau and Singapore. Its Macau portfolio includes properties such as The Venetian Macao, The Londoner Macao, The Parisian Macao, Sands Macao and The Plaza Macao.