Las Vegas Sands Corp. (NYSE:LVS) Position Raised by Principal Financial Group Inc.

Principal Financial Group Inc. increased its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 33.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 548,072 shares of the casino operator’s stock after buying an additional 136,859 shares during the quarter. Principal Financial Group Inc.’s holdings in Las Vegas Sands were worth $27,590,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Las Vegas Sands by 40.1% in the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after buying an additional 243 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Las Vegas Sands by 7.8% in the third quarter. Signaturefd LLC now owns 3,510 shares of the casino operator’s stock valued at $177,000 after buying an additional 253 shares in the last quarter. Waldron Private Wealth LLC increased its holdings in shares of Las Vegas Sands by 2.2% in the third quarter. Waldron Private Wealth LLC now owns 12,466 shares of the casino operator’s stock valued at $628,000 after buying an additional 268 shares in the last quarter. CVA Family Office LLC raised 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 valued at $28,000 after purchasing an additional 304 shares during the period. Finally, Western Pacific Wealth Management LP raised 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 valued at $50,000 after purchasing an additional 338 shares during the period. Institutional investors own 39.16% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on LVS. Morgan Stanley boosted their target price on shares of Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Susquehanna boosted their price target on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 16th. Stifel Nicolaus boosted their price target on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Las Vegas Sands Trading Down 2.6 %

Shares of NYSE:LVS opened at $49.30 on Wednesday. The stock has a market capitalization of $35.74 billion, a PE ratio of 24.41, a P/E/G ratio of 1.32 and a beta of 1.11. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 year high of $55.65. The firm has a fifty day moving average price of $47.98 and a 200 day moving average price of $44.63. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09.

Las Vegas Sands (NYSE:LVS) last issued 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). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Analysts expect 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 will be paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio (DPR) is 39.60%.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 24,324 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the completion of the sale, the chief executive officer now directly owns 60,187 shares in the company, valued at $3,129,724. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Las Vegas Sands news, CEO Robert G. Goldstein sold 119,221 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 84,511 shares in the company, valued at $4,540,776.03. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert G. Goldstein sold 24,324 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the transaction, the chief executive officer now directly owns 60,187 shares of the company’s stock, valued at $3,129,724. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.91% of the company’s stock.

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.