Thrivent Financial for Lutherans Sells 859 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Thrivent Financial for Lutherans reduced its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 5.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 13,870 shares of the casino operator’s stock after selling 859 shares during the period. Thrivent Financial for Lutherans’ holdings in Las Vegas Sands were worth $698,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. CVA Family Office LLC grew its stake in shares of Las Vegas Sands by 118.8% in the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after acquiring an additional 304 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Las Vegas Sands in the 3rd quarter worth $34,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of 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 purchasing an additional 437 shares during the period. GAMMA Investing LLC raised its position in shares of 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 buying an additional 243 shares during the last quarter. Finally, Vestor Capital LLC bought a new stake in shares of Las Vegas Sands in the third quarter valued at about $43,000. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LVS has been the topic of several research reports. Susquehanna boosted their price target on Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday, October 16th. Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. UBS Group lifted their price target on shares of Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Morgan Stanley increased their price objective 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. Finally, JPMorgan Chase & Co. lifted 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 report on Tuesday, October 15th. 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.com, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Insider Buying and Selling

In related news, CEO Robert G. Goldstein sold 119,221 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total value of $6,405,744.33. Following the completion of the transaction, the chief executive officer now owns 84,511 shares in the company, valued at $4,540,776.03. The trade was a 58.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert G. Goldstein sold 60,187 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The disclosure for this sale can be found here. Insiders have sold a total of 203,732 shares of company stock worth $10,861,707 in the last 90 days. Corporate insiders own 1.20% of the company’s stock.

Las Vegas Sands Price Performance

Shares of Las Vegas Sands stock opened at $53.90 on Wednesday. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $55.65. The firm’s 50-day moving average price is $51.21 and its two-hundred day moving average price is $45.12. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09. The stock has a market capitalization of $39.08 billion, a price-to-earnings ratio of 26.68, a P/E/G ratio of 1.45 and a beta of 1.10.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.79 billion. Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.55 earnings per share. On average, equities analysts predict that Las Vegas Sands Corp. will post 2.33 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors 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 dividend yield of 1.48%. Las Vegas Sands’s dividend payout ratio is 39.60%.

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.