Insider Selling: Las Vegas Sands (NYSE:LVS) COO Sells 135,603 Shares of Stock

Las Vegas Sands Corp. (NYSE:LVS) COO Patrick Dumont sold 135,603 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $67.96, for a total value of $9,215,579.88. Following the transaction, the chief operating officer owned 446,608 shares in the company, valued at $30,351,479.68. The trade was a 23.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 value of $1,196,767.44.
• On Monday, December 1st, Patrick Dumont sold 210,305 shares of Las Vegas Sands stock. The shares were sold at an average price of $69.96, for a total value of $14,712,937.80.

Las Vegas Sands Trading Down 0.2%

Shares of NYSE:LVS traded down $0.14 during midday trading on Friday, reaching $66.27. The company’s stock had a trading volume of 4,361,710 shares, compared to its average volume of 5,595,949. Las Vegas Sands Corp. has a 1 year low of $30.18 and a 1 year high of $70.45. The business has a 50 day moving average price of $59.16 and a 200 day moving average price of $52.47. The firm has a market cap of $44.80 billion, a price-to-earnings ratio of 29.98, a price-to-earnings-growth ratio of 1.81 and a beta of 0.97. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 7.42.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, October 22nd. The casino operator reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.16. Las Vegas Sands had a net margin of 12.69% and a return on equity of 73.14%. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter last year, the firm posted $0.44 EPS. The business’s revenue for the quarter was up 24.2% compared to the same quarter last year. Research analysts forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Dividend Announcement

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

Institutional Investors Weigh In On Las Vegas Sands

Several institutional investors and hedge funds have recently made changes to their positions in LVS. American Century Companies Inc. raised its stake in shares of Las Vegas Sands by 69.3% during the first quarter. American Century Companies Inc. now owns 567,101 shares of the casino operator’s stock worth $21,907,000 after buying an additional 232,091 shares during the last quarter. Northern Trust Corp lifted its holdings in Las Vegas Sands by 0.4% during the first quarter. Northern Trust Corp now owns 3,101,190 shares of the casino operator’s stock worth $119,799,000 after acquiring an additional 12,593 shares in the last quarter. Ground Swell Capital LLC acquired a new position in shares of Las Vegas Sands in the 1st quarter valued at approximately $225,000. Everett Harris & Co. CA acquired a new position in shares of Las Vegas Sands in the first quarter valued at approximately $657,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Las Vegas Sands by 7.1% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 644,286 shares of the casino operator’s stock worth $28,033,000 after purchasing an additional 42,598 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Wall Street Analysts Forecast Growth

LVS has been the topic of several recent research reports. Morgan Stanley raised their price target on Las Vegas Sands from $59.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. Wall Street Zen upgraded Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Sunday, September 7th. UBS Group increased their price objective on Las Vegas Sands from $55.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Susquehanna lifted their target price on shares of Las Vegas Sands from $62.00 to $63.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Finally, Seaport Global Securities increased their price objective on Las Vegas Sands from $66.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.60.

About Las Vegas Sands

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.