Patrick Dumont Sells 210,305 Shares of Las Vegas Sands (NYSE:LVS) Stock

Las Vegas Sands Corp. (NYSE:LVS) COO Patrick Dumont sold 210,305 shares of Las Vegas Sands stock in a transaction on Monday, December 1st. The stock was sold at an average price of $69.96, for a total transaction of $14,712,937.80. Following the transaction, the chief operating officer directly owned 446,608 shares of the company’s stock, valued at $31,244,695.68. This represents a 32.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Patrick Dumont also recently made the following trade(s):

• On Tuesday, December 2nd, Patrick Dumont sold 17,352 shares of Las Vegas Sands stock. The shares were sold at an average price of $68.97, for a total transaction of $1,196,767.44.

Las Vegas Sands Stock Performance

Shares of Las Vegas Sands stock opened at $66.34 on Friday. The business has a 50-day moving average price of $59.16 and a two-hundred day moving average price of $52.47. Las Vegas Sands Corp. has a 1-year low of $30.18 and a 1-year high of $70.45. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 7.42. The company has a market cap of $44.85 billion, a P/E ratio of 30.02, a PEG ratio of 1.81 and a beta of 0.97.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, October 22nd. The casino operator reported $0.78 EPS for the quarter, beating the consensus estimate 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 company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same quarter in the prior year, the company earned $0.44 EPS. The firm’s revenue for the quarter was up 24.2% compared to the same quarter last year. As a group, analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Announces Dividend

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

Institutional Trading of Las Vegas Sands

Several institutional investors and hedge funds have recently modified their holdings of the stock. Total Investment Management Inc. purchased a new position in shares of Las Vegas Sands during the second quarter valued at approximately $25,000. Westside Investment Management Inc. raised its position in Las Vegas Sands by 48.0% in the 3rd quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock valued at $28,000 after buying an additional 166 shares during the last quarter. Root Financial Partners LLC bought a new position in Las Vegas Sands during the 3rd quarter valued at $33,000. Smartleaf Asset Management LLC boosted its holdings in 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 acquiring an additional 533 shares during the last quarter. Finally, IFP Advisors Inc grew its stake in shares of Las Vegas Sands by 182.4% in the 3rd quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock worth $36,000 after acquiring an additional 434 shares in the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LVS shares. Morgan Stanley boosted their target price on shares of Las Vegas Sands from $59.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 28th. Wall Street Zen upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Sunday, September 7th. Susquehanna raised their target price on Las Vegas Sands from $62.00 to $63.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Macquarie boosted their target price on Las Vegas Sands from $62.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Las Vegas Sands in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $65.60.

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.