Parametric Portfolio Associates LLC cut its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 685,932 shares of the casino operator’s stock after selling 4,635 shares during the period. Parametric Portfolio Associates LLC owned about 0.09% of Las Vegas Sands worth $39,619,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in LVS. Enterprise Financial Services Corp raised its holdings in shares of Las Vegas Sands by 35.0% in the second quarter. Enterprise Financial Services Corp now owns 991 shares of the casino operator’s stock worth $59,000 after acquiring an additional 257 shares during the last quarter. Almanack Investment Partners LLC. purchased a new stake in Las Vegas Sands during the 2nd quarter worth about $109,000. FDx Advisors Inc. acquired a new position in Las Vegas Sands in the 2nd quarter valued at about $239,000. Boston Advisors LLC raised its stake in Las Vegas Sands by 14.2% in the 3rd quarter. Boston Advisors LLC now owns 7,238 shares of the casino operator’s stock valued at $418,000 after purchasing an additional 900 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Las Vegas Sands by 54.1% in the 2nd quarter. First Trust Advisors LP now owns 358,970 shares of the casino operator’s stock valued at $21,212,000 after purchasing an additional 126,073 shares during the last quarter. Institutional investors and hedge funds own 35.95% of the company’s stock.
LVS opened at $62.69 on Tuesday. Las Vegas Sands Corp. has a 12 month low of $47.39 and a 12 month high of $69.60. The business has a 50-day moving average of $61.44 and a two-hundred day moving average of $58.79. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.60 and a quick ratio of 1.59. The stock has a market capitalization of $48.19 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 5.84 and a beta of 1.61.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date of this dividend is Monday, December 16th. Las Vegas Sands’s dividend payout ratio is currently 92.77%.
In other Las Vegas Sands news, General Counsel Kathleen Bender Patton sold 2,008 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $35.60, for a total transaction of $71,484.80. Also, EVP Lawrence A. Jacobs sold 66,667 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $60.16, for a total value of $4,010,686.72. Following the sale, the executive vice president now owns 66,667 shares of the company’s stock, valued at $4,010,686.72. The disclosure for this sale can be found here. Company insiders own 10.50% of the company’s stock.
LVS has been the topic of several analyst reports. Roth Capital reaffirmed a “buy” rating on shares of Las Vegas Sands in a research note on Thursday, October 24th. Standpoint Research began coverage on shares of Las Vegas Sands in a research report on Wednesday, September 4th. They issued a “buy” rating for the company. JPMorgan Chase & Co. reduced their price objective on shares of Las Vegas Sands from $68.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, September 6th. ValuEngine lowered shares of Las Vegas Sands from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Finally, Morgan Stanley lowered their target price on shares of Las Vegas Sands from $68.00 to $66.00 and set an “overweight” rating for the company in a research note on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $66.90.
Las Vegas Sands Profile
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.
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