Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lowered its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 34.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,046 shares of the casino operator’s stock after selling 8,467 shares during the period. Rockefeller Capital Management L.P.’s holdings in Las Vegas Sands were worth $808,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Empowered Funds LLC boosted its stake in Las Vegas Sands by 3.6% during the 3rd quarter. Empowered Funds LLC now owns 6,050 shares of the casino operator’s stock worth $305,000 after purchasing an additional 213 shares during the period. Raymond James Trust N.A. raised its holdings in shares of Las Vegas Sands by 4.7% in the third quarter. Raymond James Trust N.A. now owns 5,062 shares of the casino operator’s stock valued at $255,000 after buying an additional 229 shares during the last quarter. GAMMA Investing LLC boosted its stake 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 worth $43,000 after buying an additional 243 shares during the period. Signaturefd LLC grew its holdings in shares of Las Vegas Sands by 7.8% during the third quarter. Signaturefd LLC now owns 3,510 shares of the casino operator’s stock worth $177,000 after buying an additional 253 shares during the last quarter. Finally, Waldron Private Wealth LLC increased its position in Las Vegas Sands by 2.2% in the 3rd quarter. Waldron Private Wealth LLC now owns 12,466 shares of the casino operator’s stock valued at $628,000 after acquiring an additional 268 shares during the period. 39.16% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Price Performance

LVS stock opened at $55.17 on Tuesday. The firm has a 50 day moving average of $51.67 and a 200-day moving average of $45.36. The company has a market cap of $40.00 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 1.44 and a beta of 1.10. 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 Corp. has a 12-month low of $36.62 and a 12-month high of $56.60.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 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 firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.79 billion. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, equities analysts expect that Las Vegas Sands Corp. will post 2.33 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were paid a $0.20 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a yield of 1.45%. Las Vegas Sands’s payout ratio is 39.60%.

Analyst Ratings Changes

Several research analysts have weighed in on LVS shares. Morgan Stanley lifted their target price on Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Susquehanna increased their price target on Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price objective 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. UBS Group raised their target price 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. Finally, Barclays boosted their price target on shares of Las Vegas Sands from $52.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Las Vegas Sands presently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 60,187 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $53.02, for a total transaction of $3,191,114.74. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Robert G. Goldstein sold 119,221 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was 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 directly owns 84,511 shares of the company’s stock, valued at approximately $4,540,776.03. This trade represents a 58.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 203,732 shares of company stock worth $10,861,707. 0.91% of the stock is owned by corporate insiders.

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.