Las Vegas Sands Corp. $LVS Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its position in Las Vegas Sands Corp. (NYSE:LVS) by 1.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,124,020 shares of the casino operator’s stock after selling 29,200 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.31% of Las Vegas Sands worth $92,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LVS. Vanguard Group Inc. increased its holdings in shares of Las Vegas Sands by 4.4% in the second quarter. Vanguard Group Inc. now owns 43,072,014 shares of the casino operator’s stock valued at $1,874,063,000 after purchasing an additional 1,822,806 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Las Vegas Sands by 3.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,722,816 shares of the casino operator’s stock valued at $607,373,000 after buying an additional 592,321 shares during the last quarter. ARGA Investment Management LP increased its holdings in Las Vegas Sands by 36.8% in the 2nd quarter. ARGA Investment Management LP now owns 10,040,975 shares of the casino operator’s stock worth $436,883,000 after buying an additional 2,698,398 shares during the period. Invesco Ltd. raised its position in Las Vegas Sands by 9.1% during the 1st quarter. Invesco Ltd. now owns 9,442,798 shares of the casino operator’s stock worth $364,775,000 after buying an additional 790,952 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Las Vegas Sands by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 8,823,966 shares of the casino operator’s stock valued at $382,294,000 after acquiring an additional 31,153 shares during the period. Institutional investors and hedge funds own 39.16% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on LVS. Susquehanna upped their price objective on shares of Las Vegas Sands from $62.00 to $63.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Mizuho upped their price target on shares of Las Vegas Sands from $56.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Barclays increased their price target on Las Vegas Sands from $59.00 to $62.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. UBS Group boosted their price objective on Las Vegas Sands from $55.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Finally, Argus raised their target price on Las Vegas Sands from $60.00 to $65.00 in a report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Las Vegas Sands has a consensus rating of “Moderate Buy” and an average price target of $64.60.

Insiders Place Their Bets

In other Las Vegas Sands news, EVP D. Zachary Hudson sold 100,000 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $64.99, for a total transaction of $6,499,000.00. Following the transaction, the executive vice president directly owned 13,735 shares of the company’s stock, valued at $892,637.65. This trade represents a 87.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Randy Hyzak sold 57,545 shares of Las Vegas Sands stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $66.45, for a total transaction of $3,823,865.25. Following the completion of the sale, the chief financial officer owned 53,499 shares in the company, valued at approximately $3,555,008.55. This trade represents a 51.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 2,157,545 shares of company stock worth $130,042,065. Company insiders own 1.20% of the company’s stock.

Las Vegas Sands Price Performance

Shares of Las Vegas Sands stock opened at $68.16 on Friday. The firm has a market cap of $46.09 billion, a PE ratio of 30.84, a P/E/G ratio of 1.62 and a beta of 1.03. Las Vegas Sands Corp. has a twelve month low of $30.18 and a twelve month high of $68.63. The company has a quick ratio of 1.21, a current ratio of 0.89 and a debt-to-equity ratio of 7.42. The business has a 50-day moving average price of $57.98 and a 200 day moving average price of $51.76.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, October 22nd. The casino operator reported $0.78 EPS for the quarter, beating the consensus estimate of $0.62 by $0.16. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.04 billion. Las Vegas Sands had a return on equity of 73.14% and a net margin of 12.69%.Las Vegas Sands’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period last year, the company earned $0.44 earnings per share. Sell-side analysts predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Tuesday, November 4th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, November 4th. Las Vegas Sands’s payout ratio is presently 45.25%.

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.