Commerce Bank Buys 301 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Commerce Bank increased its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,828 shares of the casino operator’s stock after purchasing an additional 301 shares during the quarter. Commerce Bank’s holdings in Las Vegas Sands were worth $1,048,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its stake in shares of Las Vegas Sands by 7,647.7% during the second quarter. Assenagon Asset Management S.A. now owns 443,325 shares of the casino operator’s stock valued at $19,617,000 after buying an additional 437,603 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in Las Vegas Sands by 97.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 89,743 shares of the casino operator’s stock valued at $4,518,000 after acquiring an additional 44,223 shares during the period. Sanctuary Advisors LLC bought a new position in Las Vegas Sands in the 2nd quarter valued at $619,000. Clearbridge Investments LLC increased its stake in Las Vegas Sands by 29.9% in the second quarter. Clearbridge Investments LLC now owns 833,487 shares of the casino operator’s stock worth $36,882,000 after purchasing an additional 191,805 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of 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 purchasing an additional 136,859 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on LVS shares. Susquehanna upped their target price on shares of Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research note on Wednesday, October 16th. Mizuho raised their price objective on Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Argus lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Stifel Nicolaus increased their price target on Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Barclays lifted their price objective on Las Vegas Sands from $52.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Las Vegas Sands Price Performance

Shares of NYSE LVS opened at $50.08 on Monday. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $55.65. The business’s 50 day moving average price is $49.73 and its 200 day moving average price is $44.84. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. The firm has a market cap of $36.31 billion, a P/E ratio of 24.79, a P/E/G ratio of 1.32 and a beta of 1.11.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.55 EPS. On average, sell-side analysts expect that Las Vegas Sands Corp. will post 2.33 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.80 annualized dividend and a dividend yield of 1.60%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 39.60%.

Insider Transactions at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 119,221 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total transaction of $6,405,744.33. Following the sale, the chief executive officer now directly owns 84,511 shares of the company’s stock, valued at $4,540,776.03. This represents a 58.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.91% of the company’s stock.

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.