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 directly owned 446,608 shares in the company, valued at $30,351,479.68. The trade was a 23.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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 stock was 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 transaction of $14,712,937.80.

Las Vegas Sands Price Performance

NYSE LVS traded down $0.14 during midday trading on Friday, hitting $66.27. The company had a trading volume of 4,361,710 shares, compared to its average volume of 5,595,949. Las Vegas Sands Corp. has a twelve month low of $30.18 and a twelve month high of $70.45. The firm has a 50-day moving average price of $59.16 and a 200-day moving average price of $52.47. 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 capitalization of $44.80 billion, a PE ratio of 29.98, a P/E/G ratio of 1.81 and a beta of 0.97.

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

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Tuesday, November 4th were paid 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 yield of 1.5%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 45.25%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LVS. Total Investment Management Inc. bought a new stake in shares of Las Vegas Sands in the second quarter worth approximately $25,000. Westside Investment Management Inc. increased its position 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 worth $28,000 after buying an additional 166 shares in the last quarter. Root Financial Partners LLC bought a new stake in Las Vegas Sands during the 3rd quarter worth approximately $33,000. Smartleaf Asset Management LLC lifted its stake 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 valued at $35,000 after buying an additional 533 shares in the last quarter. Finally, IFP Advisors Inc grew its position in shares of Las Vegas Sands by 182.4% during the third quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock worth $36,000 after purchasing an additional 434 shares in the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on LVS shares. Weiss Ratings restated a “hold (c+)” rating on shares of Las Vegas Sands in a research note on Monday. Stifel Nicolaus lifted their target price on Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Morgan Stanley increased their price objective on Las Vegas Sands from $59.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, October 28th. The Goldman Sachs Group boosted their price target 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. Finally, Wells Fargo & Company began coverage on shares of Las Vegas Sands in a research report on Tuesday, November 18th. They issued an “equal weight” rating and a $66.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average 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.