Davidson Investment Advisors Lowers Position in Las Vegas Sands Corp. (NYSE:LVS)

Davidson Investment Advisors cut its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 156,718 shares of the casino operator’s stock after selling 591 shares during the period. Davidson Investment Advisors’ holdings in Las Vegas Sands were worth $9,052,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Las Vegas Sands by 0.5% in the second quarter. Vanguard Group Inc. now owns 22,610,132 shares of the casino operator’s stock valued at $1,336,033,000 after acquiring an additional 102,810 shares in the last quarter. BlackRock Inc. increased its stake in Las Vegas Sands by 3.7% during the second quarter. BlackRock Inc. now owns 18,516,990 shares of the casino operator’s stock worth $1,094,168,000 after acquiring an additional 664,769 shares during the last quarter. Boston Partners increased its stake in Las Vegas Sands by 16.5% during the second quarter. Boston Partners now owns 6,063,064 shares of the casino operator’s stock worth $358,510,000 after acquiring an additional 858,697 shares during the last quarter. Renaissance Technologies LLC increased its stake in Las Vegas Sands by 2,233.4% during the second quarter. Renaissance Technologies LLC now owns 2,431,354 shares of the casino operator’s stock worth $143,669,000 after acquiring an additional 2,327,154 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in Las Vegas Sands by 1.2% during the second quarter. Janus Henderson Group PLC now owns 2,392,794 shares of the casino operator’s stock worth $141,464,000 after acquiring an additional 29,057 shares during the last quarter. Institutional investors and hedge funds own 36.89% of the company’s stock.

Shares of LVS traded down $0.07 during mid-day trading on Tuesday, reaching $63.07. 13,403 shares of the company’s stock traded hands, compared to its average volume of 3,156,449. The stock has a market cap of $48.49 billion, a P/E ratio of 18.98, a P/E/G ratio of 5.97 and a beta of 1.61. The stock’s 50-day moving average is $58.90 and its two-hundred day moving average is $59.23. Las Vegas Sands Corp. has a 12 month low of $47.39 and a 12 month high of $69.60. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.60 and a quick ratio of 1.59.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.30 billion. Las Vegas Sands had a return on equity of 37.04% and a net margin of 13.86%. Las Vegas Sands’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 earnings per share. Research analysts predict that Las Vegas Sands Corp. will post 3.15 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, December 17th will be issued a $0.77 dividend. The ex-dividend date is Monday, December 16th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.88%. Las Vegas Sands’s payout ratio is 92.77%.

In other Las Vegas Sands news, EVP Lawrence A. Jacobs sold 66,667 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $60.16, for a total value of $4,010,686.72. Following the completion of the transaction, the executive vice president now owns 66,667 shares of the company’s stock, valued at approximately $4,010,686.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Kathleen Bender Patton sold 2,008 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $35.60, for a total transaction of $71,484.80. 10.50% of the stock is currently owned by insiders.

Several brokerages have weighed in on LVS. UBS Group reduced their price objective on Las Vegas Sands from $63.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. JPMorgan Chase & Co. reduced their price objective on 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. Credit Suisse Group reissued a “hold” rating and set a $62.00 price objective on shares of Las Vegas Sands in a research note on Monday, October 28th. Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Finally, Standpoint Research began coverage on Las Vegas Sands in a research note on Wednesday, September 4th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $68.22.

About Las Vegas Sands

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.

See Also: Golden Cross

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Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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