Charles Schwab Investment Management Inc. Sells 27,326 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Charles Schwab Investment Management Inc. reduced its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,091,454 shares of the casino operator’s stock after selling 27,326 shares during the period. Charles Schwab Investment Management Inc. owned about 0.29% of Las Vegas Sands worth $105,284,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC boosted its position in Las Vegas Sands by 13.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 9,494 shares of the casino operator’s stock worth $491,000 after buying an additional 1,125 shares during the period. Public Employees Retirement Association of Colorado lifted its holdings in shares of Las Vegas Sands by 2.1% during the first quarter. Public Employees Retirement Association of Colorado now owns 53,216 shares of the casino operator’s stock worth $2,751,000 after purchasing an additional 1,106 shares during the period. Tidal Investments LLC grew its stake in shares of Las Vegas Sands by 19.0% in the first quarter. Tidal Investments LLC now owns 17,103 shares of the casino operator’s stock worth $884,000 after purchasing an additional 2,736 shares during the last quarter. Comerica Bank increased its holdings in Las Vegas Sands by 1.6% in the first quarter. Comerica Bank now owns 61,758 shares of the casino operator’s stock valued at $3,193,000 after purchasing an additional 959 shares during the period. Finally, Virtu Financial LLC bought a new position in Las Vegas Sands during the 1st quarter worth $734,000. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Stock Performance

Shares of Las Vegas Sands stock opened at $50.91 on Wednesday. The business has a 50-day simple moving average of $50.14 and a 200 day simple moving average of $44.90. The firm has a market capitalization of $36.91 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 1.32 and a beta of 1.11. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. Las Vegas Sands Corp. has a one year low of $36.62 and a one year high of $55.65.

Las Vegas Sands (NYSE:LVS) last issued its earnings results 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). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same period in the previous year, the company earned $0.55 earnings per share. Las Vegas Sands’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, research analysts anticipate that Las Vegas Sands Corp. will post 2.33 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Tuesday, November 5th. Las Vegas Sands’s payout ratio is presently 39.60%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LVS shares. Susquehanna increased their price target on Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday, October 16th. Morgan Stanley raised their price target on shares of Las Vegas Sands from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. upped their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Argus cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Finally, Mizuho boosted their target price on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Insider Buying and Selling

In related news, CEO Robert G. Goldstein sold 24,324 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was 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 owns 60,187 shares in the company, valued at approximately $3,129,724. This represents a 28.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is currently owned by company insiders.

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.