Las Vegas Sands Corp. $LVS Shares Sold by Canada Post Corp Registered Pension Plan

Canada Post Corp Registered Pension Plan decreased its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 30.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 36,759 shares of the casino operator’s stock after selling 16,438 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Las Vegas Sands were worth $2,031,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Las Vegas Sands by 8.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock valued at $1,207,000 after acquiring an additional 2,418 shares in the last quarter. Woodline Partners LP lifted its stake in shares of Las Vegas Sands by 38.9% during the first quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock worth $1,122,000 after purchasing an additional 8,132 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Las Vegas Sands by 110.0% during the second quarter. Janney Montgomery Scott LLC now owns 25,576 shares of the casino operator’s stock worth $1,113,000 after purchasing an additional 13,395 shares in the last quarter. US Bancorp DE boosted its position in shares of Las Vegas Sands by 19.0% in the second quarter. US Bancorp DE now owns 132,690 shares of the casino operator’s stock worth $5,773,000 after buying an additional 21,207 shares during the period. Finally, Callan Family Office LLC acquired a new stake in shares of Las Vegas Sands in the second quarter valued at about $224,000. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Las Vegas Sands Trading Up 1.6%

NYSE LVS opened at $57.83 on Friday. The company has a market capitalization of $39.10 billion, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 1.39 and a beta of 0.93. The company has a debt-to-equity ratio of 7.42, a current ratio of 0.89 and a quick ratio of 0.88. Las Vegas Sands Corp. has a 12 month low of $30.18 and a 12 month high of $70.45. The company’s fifty day moving average price is $62.80 and its two-hundred day moving average price is $58.40.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, January 28th. The casino operator reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.08. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.33 billion. Las Vegas Sands had a net margin of 12.50% and a return on equity of 87.01%. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 EPS. As a group, research analysts predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Monday, February 9th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, February 9th. This represents a $1.20 dividend on an annualized basis and a yield of 2.1%. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.25. Las Vegas Sands’s dividend payout ratio (DPR) is 42.74%.

Insider Buying and Selling

In other news, CFO Randy Hyzak sold 57,545 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $66.45, for a total value of $3,823,865.25. Following the completion of the sale, the chief financial officer directly owned 53,499 shares in the company, valued at approximately $3,555,008.55. The trade was a 51.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP D. Zachary Hudson sold 53,257 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $70.37, for a total value of $3,747,695.09. Following the transaction, the executive vice president owned 13,735 shares in the company, valued at $966,531.95. This trade represents a 79.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 3,082,053 shares of company stock worth $207,130,199. 1.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Seaport Research Partners reduced their price target on Las Vegas Sands from $75.00 to $72.00 and set a “buy” rating on the stock in a research report on Wednesday, January 14th. Jefferies Financial Group reduced their target price on shares of Las Vegas Sands from $78.00 to $72.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Susquehanna raised their price target on shares of Las Vegas Sands from $62.00 to $63.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Citigroup lifted their price target on shares of Las Vegas Sands from $75.50 to $76.75 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Finally, Macquarie Infrastructure reissued an “outperform” rating and issued a $70.00 price objective on shares of Las Vegas Sands in a research report on Thursday, January 29th. Twelve investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $68.61.

About Las Vegas Sands

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.