Las Vegas Sands (NYSE:LVS) CEO Sells $3,294,033.75 in Stock

Las Vegas Sands Corp. (NYSE:LVS) CEO Patrick Dumont sold 60,165 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total value of $3,294,033.75. Following the sale, the chief executive officer owned 511,942 shares of the company’s stock, valued at approximately $28,028,824.50. This represents a 10.52% 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 Stock Down 2.1%

Shares of NYSE LVS opened at $52.92 on Friday. Las Vegas Sands Corp. has a 12-month low of $30.18 and a 12-month high of $70.45. The stock’s fifty day simple moving average is $56.76 and its two-hundred day simple moving average is $58.80. The stock has a market capitalization of $35.56 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 1.35 and a beta of 0.88. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 7.58.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, January 28th. The casino operator reported $0.85 EPS for the quarter, topping the consensus estimate of $0.77 by $0.08. Las Vegas Sands had a return on equity of 91.40% and a net margin of 12.50%.The firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same period in the previous year, the company posted $0.54 EPS. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year. As a group, analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Monday, February 9th were issued a $0.30 dividend. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Monday, February 9th. Las Vegas Sands’s dividend payout ratio is presently 51.28%.

Institutional Trading of Las Vegas Sands

Institutional investors have recently bought and sold shares of the stock. Mackenzie Financial Corp raised its position in shares of Las Vegas Sands by 0.3% during the 3rd quarter. Mackenzie Financial Corp now owns 53,945 shares of the casino operator’s stock worth $2,902,000 after acquiring an additional 156 shares in the last quarter. Westside Investment Management Inc. boosted its holdings 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 purchasing an additional 166 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Las Vegas Sands by 7.8% in the third quarter. Parallel Advisors LLC now owns 2,449 shares of the casino operator’s stock valued at $132,000 after purchasing an additional 177 shares in the last quarter. Alps Advisors Inc. increased its stake in Las Vegas Sands by 2.4% in the third quarter. Alps Advisors Inc. now owns 8,528 shares of the casino operator’s stock valued at $459,000 after purchasing an additional 197 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC increased its stake in Las Vegas Sands by 0.3% in the second quarter. Horizon Kinetics Asset Management LLC now owns 61,993 shares of the casino operator’s stock valued at $2,697,000 after purchasing an additional 213 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on LVS shares. Mizuho lifted their price objective on shares of Las Vegas Sands from $63.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. HSBC increased their target price on shares of Las Vegas Sands from $67.50 to $73.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. lifted their price target on shares of Las Vegas Sands from $70.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. Wall Street Zen downgraded Las Vegas Sands from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Wells Fargo & Company increased their price objective on Las Vegas Sands from $67.00 to $68.00 and gave the company an “equal weight” rating in a report on Thursday, January 29th. Twelve investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.55.

About Las Vegas Sands

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.