15,305 Las Vegas Sands Corp. $LVS Shares Purchased by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. boosted its position in Las Vegas Sands Corp. (NYSE:LVS) by 5.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 283,492 shares of the casino operator’s stock after buying an additional 15,305 shares during the period. Pinnacle Associates Ltd.’s holdings in Las Vegas Sands were worth $10,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. State Street Corp increased its stake in Las Vegas Sands by 6.5% in the 2nd quarter. State Street Corp now owns 15,159,570 shares of the casino operator’s stock valued at $700,221,000 after buying an additional 919,452 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Las Vegas Sands by 4.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 8,582,962 shares of the casino operator’s stock worth $462,450,000 after acquiring an additional 396,705 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of Las Vegas Sands by 36.9% in the 2nd quarter. Allianz Asset Management GmbH now owns 4,617,148 shares of the casino operator’s stock worth $213,266,000 after acquiring an additional 1,244,943 shares during the period. Bamco Inc. NY purchased a new stake in shares of Las Vegas Sands in the second quarter valued at about $174,796,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Las Vegas Sands by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,780,266 shares of the casino operator’s stock valued at $203,616,000 after acquiring an additional 90,690 shares in the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands News Roundup

Here are the key news stories impacting Las Vegas Sands this week:

• Positive Sentiment: Las Vegas Sands repurchased $950 million of its common stock during the quarter and announced a 20% increase in its recurring dividend for 2027, raising the annual payout to $1.44 per share. These actions may support the stock by returning capital to shareholders. Las Vegas Sands Reports Third Quarter 2026 Results
• Positive Sentiment: The company’s ownership of Sands China has climbed above 75.5%, reinforcing its control of the Macau business and signaling a continued commitment to investing in the region. This could benefit long-term growth if Macau visitation and gaming demand improve. Las Vegas Sands doubling down on Macau investment strategy
• Neutral Sentiment: Las Vegas Sands reported $3.22 billion in third-quarter revenue, $352 million in net income and $1.12 billion in consolidated adjusted property EBITDA. Management said it continued executing its strategic objectives in both Singapore and Macau, but the results showed mixed operating momentum. Las Vegas Sands Third Quarter 2026 Presentation
• Negative Sentiment: Adjusted earnings of $0.54 per share missed the $0.68 consensus estimate, while revenue of $3.22 billion fell short of the $3.33 billion forecast. Revenue declined 3.5% year over year, and earnings fell from $0.78 per share in the prior-year quarter. Las Vegas Sands Q3 Earnings and Revenues Miss Estimates
• Negative Sentiment: Soft revenue trends in Macau and Singapore, along with weaker-than-expected destination gaming performance, raised concerns about the company’s near-term earnings outlook. October Macau gaming trends were also reportedly tracking below expectations. Las Vegas Sands falls after soft revenue trends
• Negative Sentiment: JPMorgan lowered its price target from $60 to $54 while maintaining an overweight rating, and Morgan Stanley also reduced its expectations. The cuts reflect increased caution around Macau performance and add pressure to investor sentiment. JPMorgan adjusts price target on Las Vegas Sands

Las Vegas Sands Price Performance

Shares of NYSE LVS opened at $37.47 on Thursday. The firm has a market capitalization of $24.27 billion, a P/E ratio of 12.19, a PEG ratio of 0.99 and a beta of 0.78. Las Vegas Sands Corp. has a one year low of $35.28 and a one year high of $70.45. The company’s fifty day moving average is $41.24 and its two-hundred day moving average is $46.86. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.99 and a current ratio of 1.00.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, October 21st. The casino operator reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.14). Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The company had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter in the prior year, the business earned $0.78 EPS. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. Analysts forecast that Las Vegas Sands Corp. will post 3.01 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, November 2nd. Las Vegas Sands’s dividend payout ratio is presently 46.69%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on LVS shares. Wells Fargo & Company dropped their price target on shares of Las Vegas Sands from $48.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Monday. Jefferies Financial Group lowered their price objective on Las Vegas Sands from $52.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. UBS Group set a $52.00 target price on Las Vegas Sands in a research report on Thursday, July 2nd. Argus downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. cut their target price on Las Vegas Sands from $60.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday. Eleven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.69.

Las Vegas Sands Profile

Las Vegas Sands Corp. (NYSE: LVS) is a global developer and operator of integrated resorts, combining hotel accommodations, casinos, convention and exhibition facilities, restaurants, retail outlets, entertainment venues and other leisure amenities. The company serves both mass-market and premium customers through large-scale properties designed to support tourism and business travel.

Las Vegas Sands’ principal operations are in Macau and Singapore. Its Macau portfolio includes properties such as The Venetian Macao, The Londoner Macao, The Parisian Macao, Sands Macao and The Plaza Macao.