Las Vegas Sands (NYSE:LVS) CFO Sells $3,823,865.25 in Stock

Las Vegas Sands Corp. (NYSE:LVS) CFO Randy Hyzak sold 57,545 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $66.45, for a total value of $3,823,865.25. Following the sale, the chief financial officer owned 53,499 shares of the company’s stock, valued at approximately $3,555,008.55. This represents a 51.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Las Vegas Sands Trading Down 0.1%

Shares of NYSE:LVS opened at $68.16 on Monday. The company has a market capitalization of $46.09 billion, a PE ratio of 30.84, a P/E/G ratio of 1.62 and a beta of 1.03. The company has a current ratio of 0.89, a quick ratio of 1.21 and a debt-to-equity ratio of 7.42. Las Vegas Sands Corp. has a 12-month low of $30.18 and a 12-month high of $68.63. The business’s fifty day simple moving average is $57.98 and its 200-day simple moving average is $51.89.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.16. Las Vegas Sands had a return on equity of 73.14% and a net margin of 12.69%.The firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same period in the prior year, the business posted $0.44 EPS. The firm’s quarterly revenue was up 24.2% on a year-over-year basis. As a group, equities research analysts predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Tuesday, November 4th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, November 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. Las Vegas Sands’s payout ratio is presently 45.25%.

Institutional Investors Weigh In On Las Vegas Sands

Large investors have recently bought and sold shares of the company. Total Investment Management Inc. acquired a new stake in Las Vegas Sands during the second quarter worth about $25,000. Westside Investment Management Inc. boosted its stake in Las Vegas Sands by 48.0% in the third quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock valued at $28,000 after acquiring an additional 166 shares during the period. Root Financial Partners LLC bought a new position in shares of Las Vegas Sands during the third quarter valued at approximately $33,000. Smartleaf Asset Management LLC raised its position in shares of Las Vegas Sands by 549.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 630 shares of the casino operator’s stock worth $35,000 after purchasing an additional 533 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Las Vegas Sands by 37.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator’s stock worth $38,000 after purchasing an additional 239 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 research analysts recently commented on the stock. The Goldman Sachs Group increased their target price on shares of Las Vegas Sands from $57.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. JPMorgan Chase & Co. increased their price objective on Las Vegas Sands from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Wall Street Zen raised Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Sunday, September 7th. Argus upped their target price on Las Vegas Sands from $60.00 to $65.00 in a research report on Tuesday, September 23rd. Finally, Morgan Stanley upped their price target on shares of Las Vegas Sands from $59.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $64.60.

Las Vegas Sands Company 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.