Silvant Capital Management LLC Has $18.71 Million Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Silvant Capital Management LLC trimmed its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 0.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 371,745 shares of the casino operator’s stock after selling 726 shares during the period. Las Vegas Sands accounts for approximately 0.8% of Silvant Capital Management LLC’s holdings, making the stock its 21st largest holding. Silvant Capital Management LLC’s holdings in Las Vegas Sands were worth $18,714,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in LVS. The Manufacturers Life Insurance Company lifted its holdings in Las Vegas Sands by 987.0% in the second quarter. The Manufacturers Life Insurance Company now owns 5,549,615 shares of the casino operator’s stock valued at $245,570,000 after buying an additional 5,039,072 shares during the period. Janus Henderson Group PLC raised its stake in Las Vegas Sands by 58.6% in the first quarter. Janus Henderson Group PLC now owns 5,330,023 shares of the casino operator’s stock valued at $275,559,000 after buying an additional 1,968,941 shares during the period. Bank of New York Mellon Corp lifted its holdings in Las Vegas Sands by 15.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock valued at $502,307,000 after purchasing an additional 1,536,754 shares during the last quarter. Capital Research Global Investors bought a new stake in shares of Las Vegas Sands during the 1st quarter worth about $72,550,000. Finally, Charles Lim Capital Ltd boosted its holdings in shares of Las Vegas Sands by 178.3% during the second quarter. Charles Lim Capital Ltd now owns 1,600,000 shares of the casino operator’s stock worth $70,800,000 after acquiring an additional 1,025,000 shares during the period. 39.16% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Robert G. Goldstein sold 119,221 shares of the company’s stock in a transaction that occurred on 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 owns 84,511 shares of the company’s stock, valued at approximately $4,540,776.03. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.91% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on LVS shares. Susquehanna upped their price target on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday, October 16th. Macquarie lowered their price objective on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Stifel Nicolaus upped their price target on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. StockNews.com downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. upped their target price on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.92.

Las Vegas Sands Stock Down 0.2 %

LVS opened at $51.73 on Friday. Las Vegas Sands Corp. has a fifty-two week low of $36.62 and a fifty-two week high of $55.65. The company’s 50-day moving average is $46.61 and its 200 day moving average is $44.50. The firm has a market capitalization of $37.51 billion, a P/E ratio of 25.61, a PEG ratio of 1.39 and a beta of 1.12. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 1.57.

Las Vegas Sands (NYSE:LVS) last issued its quarterly 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 company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.79 billion. During the same period last year, the firm posted $0.55 earnings per share. Las Vegas Sands’s quarterly revenue was down 4.0% compared to the same quarter last year. Research analysts expect that Las Vegas Sands Corp. will post 2.35 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, November 4th. This represents a $0.80 dividend on an annualized basis and a yield of 1.55%. Las Vegas Sands’s dividend payout ratio is presently 39.60%.

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.