Las Vegas Sands Corp. (NYSE:LVS) Stock Position Cut by Penn Davis Mcfarland Inc.

Penn Davis Mcfarland Inc. trimmed its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 403,657 shares of the casino operator’s stock after selling 1,163 shares during the quarter. Las Vegas Sands comprises 2.3% of Penn Davis Mcfarland Inc.’s holdings, making the stock its 17th biggest position. Penn Davis Mcfarland Inc. owned about 0.06% of Las Vegas Sands worth $20,732,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in LVS. Meeder Asset Management Inc. raised its holdings in Las Vegas Sands by 97.2% during the third quarter. Meeder Asset Management Inc. now owns 89,743 shares of the casino operator’s stock worth $4,518,000 after purchasing an additional 44,223 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Las Vegas Sands by 1.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,627,422 shares of the casino operator’s stock worth $283,284,000 after buying an additional 77,807 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Las Vegas Sands in the second quarter valued at $619,000. Clearbridge Investments LLC boosted its stake in Las Vegas Sands by 29.9% during the second quarter. Clearbridge Investments LLC now owns 833,487 shares of the casino operator’s stock valued at $36,882,000 after buying an additional 191,805 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Las Vegas Sands by 33.3% during the third quarter. Principal Financial Group Inc. now owns 548,072 shares of the casino operator’s stock worth $27,590,000 after acquiring an additional 136,859 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 60,187 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $53.02, for a total transaction of $3,191,114.74. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert G. Goldstein sold 24,324 shares of Las Vegas Sands stock in a transaction on 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 of the company’s stock, valued at approximately $3,129,724. The trade was a 28.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 203,732 shares of company stock worth $10,861,707 over the last 90 days. 1.20% of the stock is currently owned by corporate insiders.

Las Vegas Sands Trading Up 1.1 %

Shares of NYSE LVS opened at $44.46 on Monday. The firm has a market capitalization of $32.23 billion, a PE ratio of 22.01, a PEG ratio of 1.03 and a beta of 1.09. Las Vegas Sands Corp. has a one year low of $36.62 and a one year high of $56.60. 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 business has a 50-day moving average price of $50.80 and a two-hundred day moving average price of $46.60.

Las Vegas Sands (NYSE:LVS) last released its earnings results 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 company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.79 billion. During the same quarter in the previous year, the company earned $0.55 EPS. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. As a group, analysts predict that Las Vegas Sands Corp. will post 2.36 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a yield of 1.80%. Las Vegas Sands’s payout ratio is 39.60%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LVS shares. Morgan Stanley restated an “equal weight” rating and set a $51.00 price objective (down previously from $54.00) on shares of Las Vegas Sands in a research report on Tuesday, January 14th. Barclays raised their target price on shares of Las Vegas Sands from $58.00 to $61.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. JPMorgan Chase & Co. lifted their price target on shares of Las Vegas Sands from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Wells Fargo & Company increased their price objective on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Finally, Jefferies Financial Group upgraded Las Vegas Sands from a “hold” rating to a “buy” rating and lifted their target price for the stock from $60.00 to $69.00 in a report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $59.92.

About Las Vegas Sands

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.