Robert Goldstein Sells 300,000 Shares of Las Vegas Sands (NYSE:LVS) Stock

Las Vegas Sands Corp. (NYSE:LVS) CEO Robert Goldstein sold 300,000 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $59.32, for a total value of $17,796,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Las Vegas Sands Stock Up 0.2%

Shares of NYSE:LVS opened at $58.88 on Friday. The company has a market capitalization of $39.81 billion, a PE ratio of 26.64, a P/E/G ratio of 1.62 and a beta of 1.01. The company has a current ratio of 0.89, a quick ratio of 1.21 and a debt-to-equity ratio of 7.42. Las Vegas Sands Corp. has a twelve month low of $30.18 and a twelve month high of $59.66. The firm has a 50 day simple moving average of $53.79 and a 200-day simple moving average of $47.56.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, October 22nd. The casino operator reported $0.78 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same period last year, the business earned $0.44 EPS. Las Vegas Sands’s revenue for the quarter was up 24.2% compared to the same quarter last year. On average, equities analysts predict that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Tuesday, November 4th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, November 4th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 45.25%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LVS. Stifel Nicolaus upped their target price on Las Vegas Sands from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Argus boosted their price objective on Las Vegas Sands from $60.00 to $65.00 in a research note on Tuesday, September 23rd. Barclays boosted their price objective on Las Vegas Sands from $59.00 to $62.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Bank of America lifted their target price on shares of Las Vegas Sands from $52.50 to $58.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, Macquarie lifted their target price on shares of Las Vegas Sands from $62.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $64.13.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LVS. Oppenheimer & Co. Inc. increased its holdings in shares of Las Vegas Sands by 54.5% in the first quarter. Oppenheimer & Co. Inc. now owns 10,047 shares of the casino operator’s stock valued at $388,000 after purchasing an additional 3,542 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Las Vegas Sands by 18.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,005 shares of the casino operator’s stock valued at $1,489,000 after buying an additional 6,057 shares during the period. Amalgamated Bank increased its stake in Las Vegas Sands by 2.7% in the 1st quarter. Amalgamated Bank now owns 73,887 shares of the casino operator’s stock valued at $2,854,000 after buying an additional 1,920 shares during the period. New York State Teachers Retirement System increased its stake in Las Vegas Sands by 3.4% in the 1st quarter. New York State Teachers Retirement System now owns 291,671 shares of the casino operator’s stock valued at $11,267,000 after buying an additional 9,560 shares during the period. Finally, Vontobel Holding Ltd. boosted its holdings in shares of Las Vegas Sands by 4.1% in the first quarter. Vontobel Holding Ltd. now owns 35,783 shares of the casino operator’s stock valued at $1,382,000 after acquiring an additional 1,420 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

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.