Robert G. Goldstein Sells 169,111 Shares of Las Vegas Sands Corp. (LVS) Stock
Las Vegas Sands Corp. (NYSE:LVS) COO Robert G. Goldstein sold 169,111 shares of Las Vegas Sands Corp. stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $62.84, for a total transaction of $10,626,935.24. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Las Vegas Sands Corp. (NYSE:LVS) traded down 0.64% during midday trading on Tuesday, reaching $62.15. The company had a trading volume of 2,710,082 shares. Las Vegas Sands Corp. has a 52-week low of $34.88 and a 52-week high of $63.38. The company’s 50-day moving average is $58.88 and its 200 day moving average is $52.19. The company has a market cap of $49.39 billion, a PE ratio of 30.35 and a beta of 1.98.
Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings results on Thursday, November 3rd. The casino operator reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.12. Las Vegas Sands Corp. had a return on equity of 23.24% and a net margin of 14.53%. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the company posted $0.66 EPS. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities research analysts forecast that Las Vegas Sands Corp. will post $2.35 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, December 21st will be paid a $0.72 dividend. The ex-dividend date is Monday, December 19th. This represents a $2.88 annualized dividend and a dividend yield of 4.63%. Las Vegas Sands Corp.’s payout ratio is 140.49%.
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Institutional investors have recently modified their holdings of the stock. Seven Bridges Advisors LLC raised its position in shares of Las Vegas Sands Corp. by 45.8% in the second quarter. Seven Bridges Advisors LLC now owns 2,728 shares of the casino operator’s stock valued at $119,000 after buying an additional 857 shares during the last quarter. Pinkerton Retirement Specialists LLC purchased a new stake in Las Vegas Sands Corp. during the second quarter valued at $119,000. Assetmark Inc. increased its stake in Las Vegas Sands Corp. by 10.6% in the second quarter. Assetmark Inc. now owns 3,069 shares of the casino operator’s stock valued at $133,000 after buying an additional 293 shares during the period. Advisory Services Network LLC increased its stake in Las Vegas Sands Corp. by 9.5% in the third quarter. Advisory Services Network LLC now owns 2,366 shares of the casino operator’s stock valued at $136,000 after buying an additional 205 shares during the period. Finally, BKS Advisors LLC purchased a new stake in Las Vegas Sands Corp. during the third quarter valued at $144,000. Institutional investors own 39.82% of the company’s stock.
A number of equities research analysts recently weighed in on LVS shares. Telsey Advisory Group lifted their price objective on shares of Las Vegas Sands Corp. from $50.00 to $60.00 and gave the company a “market perform” rating in a research note on Friday, November 4th. Vetr cut shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $64.98 price objective on the stock. in a research note on Monday. Goldman Sachs Group Inc. restated a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Wednesday, October 5th. Susquehanna reaffirmed a “positive” rating and set a $63.00 target price on shares of Las Vegas Sands Corp. in a report on Thursday, September 8th. Finally, Deutsche Bank AG lifted their target price on Las Vegas Sands Corp. from $42.00 to $44.00 and gave the stock a “hold” rating in a report on Wednesday, October 19th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $57.33.
About Las Vegas Sands Corp.
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that offers accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.
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