Las Vegas Sands Corp. $LVS Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd cut its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 7.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,201,876 shares of the casino operator’s stock after selling 94,667 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Las Vegas Sands were worth $78,230,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of LVS. Grove Bank & Trust acquired a new position in shares of Las Vegas Sands during the 4th quarter valued at $26,000. International Assets Investment Management LLC acquired a new position in shares of Las Vegas Sands during the 4th quarter valued at $26,000. Smartleaf Asset Management LLC increased its position 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 purchasing an additional 533 shares during the period. IFP Advisors Inc increased its position in shares of Las Vegas Sands by 182.4% during the 3rd quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock valued at $36,000 after purchasing an additional 434 shares during the period. Finally, MAI Capital Management increased its position in shares of Las Vegas Sands by 78.4% during the 3rd quarter. MAI Capital Management now owns 710 shares of the casino operator’s stock valued at $38,000 after purchasing an additional 312 shares during the period. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Las Vegas Sands

In related news, CEO Patrick Dumont sold 60,165 shares of Las Vegas Sands stock in a transaction 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 completion of the sale, the chief executive officer owned 511,942 shares of the company’s stock, valued at approximately $28,028,824.50. This trade represents a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LVS shares. Barclays lifted their price target on Las Vegas Sands from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. UBS Group decreased their target price on Las Vegas Sands from $69.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, June 4th. Citigroup lifted their target price on Las Vegas Sands from $76.75 to $78.50 and gave the stock a “buy” rating in a report on Monday, April 13th. Jefferies Financial Group lifted their target price on Las Vegas Sands from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Thursday, April 23rd. Finally, Morgan Stanley lifted their target price on Las Vegas Sands from $67.00 to $69.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.91.

Las Vegas Sands Stock Performance

Shares of LVS stock opened at $50.57 on Friday. Las Vegas Sands Corp. has a 1-year low of $40.03 and a 1-year high of $70.45. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 8.64. The company has a market capitalization of $33.51 billion, a price-to-earnings ratio of 18.73, a P/E/G ratio of 1.15 and a beta of 0.81. The stock’s fifty day simple moving average is $52.76 and its 200-day simple moving average is $57.45.

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 during the quarter, compared to analysts’ expectations of $3.32 billion. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The business’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.59 earnings per share. On average, sell-side analysts predict that Las Vegas Sands Corp. will post 3.38 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.20 dividend on an annualized basis and a yield of 2.4%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 44.44%.

Las Vegas Sands 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.