Robert G. Goldstein Sells 60,187 Shares of Las Vegas Sands Corp. (NYSE:LVS) Stock

Las Vegas Sands Corp. (NYSE:LVS) CEO Robert G. Goldstein sold 60,187 shares of Las Vegas Sands stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $53.02, for a total transaction of $3,191,114.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Las Vegas Sands Trading Up 1.3 %

Shares of Las Vegas Sands stock opened at $54.61 on Thursday. The company has a fifty day moving average of $51.41 and a 200 day moving average of $45.19. Las Vegas Sands Corp. has a fifty-two week low of $36.62 and a fifty-two week high of $55.65. The company has a market capitalization of $39.59 billion, a P/E ratio of 27.03, a P/E/G ratio of 1.45 and a beta of 1.10. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.09). Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same period last year, the company earned $0.55 EPS. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, sell-side analysts anticipate that Las Vegas Sands Corp. will post 2.33 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 39.60%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LVS. Barclays boosted their price objective on shares of Las Vegas Sands from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Susquehanna boosted their price objective on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research report on Wednesday, October 16th. Stifel Nicolaus boosted their price objective on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Argus downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Finally, Morgan Stanley boosted their price objective on shares of Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. raised its position in shares of Las Vegas Sands by 10.8% during the 3rd quarter. Franklin Resources Inc. now owns 115,803 shares of the casino operator’s stock valued at $6,053,000 after buying an additional 11,261 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Las Vegas Sands during the 3rd quarter valued at about $26,000. World Investment Advisors LLC purchased a new stake in shares of Las Vegas Sands during the 3rd quarter valued at about $1,953,000. Sanctuary Advisors LLC raised its position in shares of Las Vegas Sands by 62.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 22,082 shares of the casino operator’s stock valued at $1,106,000 after buying an additional 8,466 shares in the last quarter. Finally, LRI Investments LLC raised its position in shares of Las Vegas Sands by 604.5% during the 3rd quarter. LRI Investments LLC now owns 1,881 shares of the casino operator’s stock valued at $91,000 after buying an additional 1,614 shares in the last quarter. Institutional investors 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.