Thrivent Financial for Lutherans Sells 329 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Thrivent Financial for Lutherans reduced its stake in Las Vegas Sands Corp. (NYSE:LVS) by 2.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 14,729 shares of the casino operator’s stock after selling 329 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Las Vegas Sands were worth $652,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Czech National Bank lifted its holdings in Las Vegas Sands by 0.5% in the 1st quarter. Czech National Bank now owns 64,974 shares of the casino operator’s stock worth $3,359,000 after purchasing an additional 319 shares during the last quarter. Western Pacific Wealth Management LP raised its stake in shares of Las Vegas Sands by 53.5% in the first 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 in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Las Vegas Sands by 0.8% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 53,098 shares of the casino operator’s stock valued at $2,350,000 after acquiring an additional 401 shares during the period. Game Plan Financial Advisors LLC grew its position in Las Vegas Sands by 1.4% in the first quarter. Game Plan Financial Advisors LLC now owns 31,882 shares of the casino operator’s stock valued at $1,648,000 after acquiring an additional 435 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in Las Vegas Sands by 93.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock valued at $40,000 after acquiring an additional 437 shares during the period. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on LVS shares. Barclays lowered their price target on Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. StockNews.com cut Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Susquehanna decreased their target price on Las Vegas Sands from $59.00 to $51.00 and set a “positive” rating on the stock in a report on Thursday, July 25th. Morgan Stanley decreased their target price on Las Vegas Sands from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, September 4th. Finally, Stifel Nicolaus decreased their target price on Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Las Vegas Sands currently has an average rating of “Moderate Buy” and an average price target of $55.83.

Las Vegas Sands Stock Up 1.4 %

LVS stock opened at $53.33 on Tuesday. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 3.29. The business has a 50 day moving average price of $41.59 and a two-hundred day moving average price of $44.35. The company has a market cap of $39.73 billion, a price-to-earnings ratio of 25.76, a P/E/G ratio of 1.20 and a beta of 1.12. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $55.65.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the business earned $0.46 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts anticipate that Las Vegas Sands Corp. will post 2.45 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Tuesday, August 6th were paid a $0.20 dividend. The ex-dividend date was Tuesday, August 6th. This represents a $0.80 annualized dividend and a yield of 1.50%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 38.65%.

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.