Patrick Dumont Sells 17,352 Shares of Las Vegas Sands (NYSE:LVS) Stock

Las Vegas Sands Corp. (NYSE:LVS) COO Patrick Dumont sold 17,352 shares of Las Vegas Sands stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $68.97, for a total value of $1,196,767.44. Following the completion of the sale, the chief operating officer owned 446,608 shares of the company’s stock, valued at approximately $30,802,553.76. The trade was a 3.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Patrick Dumont also recently made the following trade(s):

• 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 Stock Down 2.3%

NYSE LVS traded down $1.56 on Wednesday, reaching $66.95. The company had a trading volume of 6,379,865 shares, compared to its average volume of 5,599,265. Las Vegas Sands Corp. has a 52-week low of $30.18 and a 52-week high of $70.45. The company’s fifty day moving average is $58.61 and its 200 day moving average is $52.27. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 7.42. The stock has a market capitalization of $45.26 billion, a P/E ratio of 30.29, a P/E/G ratio of 1.88 and a beta of 0.97.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, October 22nd. The casino operator reported $0.78 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 EPS. Sell-side 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 $0.25 dividend. The ex-dividend date of this dividend was Tuesday, November 4th. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 45.25%.

Institutional Investors Weigh In On Las Vegas Sands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LVS. Mackenzie Financial Corp grew its stake in shares of Las Vegas Sands by 0.3% in the third quarter. Mackenzie Financial Corp now owns 53,945 shares of the casino operator’s stock valued at $2,902,000 after buying an additional 156 shares in the last quarter. Westside Investment Management Inc. grew its position in shares of Las Vegas Sands by 48.0% in the 3rd quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock valued at $28,000 after buying an additional 166 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Las Vegas Sands by 7.8% in the 3rd quarter. Parallel Advisors LLC now owns 2,449 shares of the casino operator’s stock valued at $132,000 after purchasing an additional 177 shares during the last quarter. Alps Advisors Inc. increased its stake in Las Vegas Sands by 2.4% in the third quarter. Alps Advisors Inc. now owns 8,528 shares of the casino operator’s stock valued at $459,000 after purchasing an additional 197 shares during the period. Finally, Horizon Kinetics Asset Management LLC raised its position in Las Vegas Sands by 0.3% during the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 61,993 shares of the casino operator’s stock worth $2,697,000 after buying an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on LVS shares. Wells Fargo & Company initiated coverage on Las Vegas Sands in a research report on Tuesday, November 18th. They set an “equal weight” rating and a $66.00 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Las Vegas Sands in a research note on Monday. The Goldman Sachs Group increased their price objective on shares of Las Vegas Sands from $57.00 to $64.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Zacks Research raised Las Vegas Sands from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Finally, Mizuho raised their price objective on Las Vegas Sands from $56.00 to $63.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $65.60.

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.