Las Vegas Sands Corp. (NYSE:LVS) Position Decreased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 5.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company grew its position in Las Vegas Sands by 987.0% in the second quarter. The Manufacturers Life Insurance Company now owns 5,549,615 shares of the casino operator’s stock worth $245,570,000 after buying an additional 5,039,072 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Las Vegas Sands by 15.7% during the second quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock worth $502,307,000 after purchasing an additional 1,536,754 shares during the period. Charles Lim Capital Ltd lifted its holdings in shares of Las Vegas Sands by 178.3% during the second quarter. Charles Lim Capital Ltd now owns 1,600,000 shares of the casino operator’s stock valued at $70,800,000 after purchasing an additional 1,025,000 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Las Vegas Sands by 44.1% in the 2nd quarter. Renaissance Technologies LLC now owns 2,949,670 shares of the casino operator’s stock valued at $130,523,000 after purchasing an additional 903,400 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Las Vegas Sands by 30.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,085,045 shares of the casino operator’s stock worth $92,266,000 after purchasing an additional 483,564 shares in the last quarter. 39.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LVS. Wells Fargo & Company raised their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. raised their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Barclays boosted their target price on shares of Las Vegas Sands from $52.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Finally, Stifel Nicolaus upped their price target on Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Insider Buying and Selling

In other news, CEO Robert G. Goldstein sold 60,187 shares of Las Vegas Sands stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Robert G. Goldstein sold 24,324 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was 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 owns 60,187 shares of the company’s stock, valued at $3,129,724. The trade was a 28.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 203,732 shares of company stock worth $10,861,707. Corporate insiders own 1.20% of the company’s stock.

Las Vegas Sands Stock Performance

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

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.79 billion. Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. Las Vegas Sands’s revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 EPS. Analysts predict that Las Vegas Sands Corp. will post 2.33 earnings per share 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. This represents a $0.80 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Tuesday, November 5th. Las Vegas Sands’s payout ratio is presently 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.