Thompson Investment Management Inc. Sells 1,575 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Thompson Investment Management Inc. trimmed its position in Las Vegas Sands Corp. (NYSE:LVS) by 29.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,840 shares of the casino operator’s stock after selling 1,575 shares during the quarter. Thompson Investment Management Inc.’s holdings in Las Vegas Sands were worth $170,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LVS. Bank & Trust Co bought a new stake in Las Vegas Sands in the second quarter valued at approximately $29,000. Delos Wealth Advisors LLC acquired a new stake in Las Vegas Sands during the 4th quarter worth $33,000. Venturi Wealth Management LLC raised its stake in Las Vegas Sands by 150.4% during the 4th quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock worth $34,000 after buying an additional 409 shares during the period. Mizuho Securities Co. Ltd. bought a new position in Las Vegas Sands during the fourth quarter worth about $39,000. Finally, Accent Capital Management LLC acquired a new position in Las Vegas Sands in the fourth quarter valued at about $39,000. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

Shares of NYSE LVS traded up $0.65 during mid-day trading on Tuesday, reaching $38.51. 6,822,417 shares of the company were exchanged, compared to its average volume of 5,444,462. The stock has a market capitalization of $28.69 billion, a P/E ratio of 18.30, a P/E/G ratio of 1.04 and a beta of 1.12. The company has a quick ratio of 1.29, a current ratio of 1.58 and a debt-to-equity ratio of 3.29. The company’s 50-day simple moving average is $42.59 and its 200-day simple moving average is $47.46. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $58.53.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.82 billion. Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 earnings per share. As a group, research analysts predict that Las Vegas Sands Corp. will post 2.48 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.08%. Las Vegas Sands’s payout ratio is presently 38.65%.

Analysts Set New Price Targets

A number of research firms recently issued reports on LVS. StockNews.com cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Jefferies Financial Group dropped their price objective on shares of Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. JPMorgan Chase & Co. lowered their target price on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Finally, Stifel Nicolaus cut their price target on Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

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.