Las Vegas Sands Corp. (LVS) To Go Ex-Dividend on May 5th

Las Vegas Sands Corp. (NYSE:LVS) declared a quarterly dividend on Tuesday, April 21st. Investors of record on Tuesday, May 5th will be given a dividend of 0.30 per share by the casino operator on Wednesday, May 13th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, May 5th.

Las Vegas Sands has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 2 years. Las Vegas Sands has a payout ratio of 42.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Las Vegas Sands to earn $3.64 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 33.0%.

Las Vegas Sands Trading Down 9.7%

LVS stock traded down $5.52 during midday trading on Thursday, reaching $51.33. The company’s stock had a trading volume of 5,638,838 shares, compared to its average volume of 4,989,443. The firm has a market capitalization of $34.06 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 1.44 and a beta of 0.89. Las Vegas Sands has a 1 year low of $34.36 and a 1 year high of $70.45. The company has a debt-to-equity ratio of 7.58, a quick ratio of 1.13 and a current ratio of 1.14. The stock has a fifty day simple moving average of $55.14 and a two-hundred day simple moving average of $58.96.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.15. The firm had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.32 billion. Las Vegas Sands had a net margin of 12.50% and a return on equity of 91.40%. The company’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period last year, the firm earned $0.59 earnings per share. On average, equities research analysts predict that Las Vegas Sands will post 3.16 EPS for the current year.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Patrick Dumont sold 60,165 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total transaction of $3,294,033.75. Following the transaction, the chief executive officer owned 511,942 shares in the company, valued at approximately $28,028,824.50. This represents a 10.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On Las Vegas Sands

Several institutional investors and hedge funds have recently added to or reduced their stakes in LVS. AQR Capital Management LLC boosted its stake in shares of Las Vegas Sands by 222.7% in the fourth quarter. AQR Capital Management LLC now owns 9,098,518 shares of the casino operator’s stock valued at $592,223,000 after purchasing an additional 6,279,390 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Las Vegas Sands by 58.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 8,186,257 shares of the casino operator’s stock worth $532,843,000 after acquiring an additional 3,018,704 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Las Vegas Sands by 18.7% in the fourth quarter. Bank of New York Mellon Corp now owns 7,893,031 shares of the casino operator’s stock worth $513,757,000 after purchasing an additional 1,246,206 shares in the last quarter. Norges Bank acquired a new stake in shares of Las Vegas Sands during the 4th quarter valued at approximately $364,892,000. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Las Vegas Sands by 43.8% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,454,013 shares of the casino operator’s stock valued at $293,371,000 after purchasing an additional 1,660,823 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Company Profile

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.