Las Vegas Sands Corp. (NYSE:LVS) EVP Lawrence A. Jacobs sold 66,667 shares of the business’s stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $60.95, for a total value of $4,063,353.65. Following the completion of the transaction, the executive vice president now owns 66,667 shares in the company, valued at approximately $4,063,353.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

NYSE LVS opened at $60.62 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.68 and a current ratio of 1.70. Las Vegas Sands Corp. has a 12-month low of $59.75 and a 12-month high of $81.45. The company has a market cap of $48.13 billion, a price-to-earnings ratio of 19.94 and a beta of 1.61.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, July 25th. The casino operator reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.06). Las Vegas Sands had a return on equity of 35.22% and a net margin of 28.06%. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the previous year, the firm posted $0.73 EPS. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. equities research analysts forecast that Las Vegas Sands Corp. will post 3.52 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Wednesday, September 19th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 4.95%. The ex-dividend date is Tuesday, September 18th. Las Vegas Sands’s payout ratio is 98.68%.

Several equities analysts recently issued reports on LVS shares. Zacks Investment Research cut Las Vegas Sands from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 18th. Morgan Stanley boosted their price target on Las Vegas Sands from $85.00 to $86.00 and gave the company an “overweight” rating in a research report on Tuesday, June 26th. Bank of America cut Las Vegas Sands from a “buy” rating to a “neutral” rating and dropped their price target for the company from $85.00 to $80.00 in a research report on Monday, July 2nd. ValuEngine cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Finally, Nomura dropped their target price on Las Vegas Sands from $76.00 to $72.00 and set a “neutral” rating on the stock in a research report on Monday, July 9th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $77.00.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LVS. Oppenheimer & Co. Inc. boosted its stake in shares of Las Vegas Sands by 15.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 14,176 shares of the casino operator’s stock worth $1,019,000 after acquiring an additional 1,853 shares in the last quarter. Mackay Shields LLC purchased a new stake in shares of Las Vegas Sands during the 1st quarter worth approximately $9,174,000. Victory Capital Management Inc. boosted its stake in shares of Las Vegas Sands by 56.2% during the 1st quarter. Victory Capital Management Inc. now owns 245,212 shares of the casino operator’s stock worth $17,630,000 after acquiring an additional 88,255 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Las Vegas Sands by 8.9% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 267,388 shares of the casino operator’s stock worth $19,228,000 after acquiring an additional 21,881 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Las Vegas Sands by 8.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,366,869 shares of the casino operator’s stock worth $98,278,000 after acquiring an additional 110,472 shares in the last quarter. Institutional investors own 38.53% of the company’s stock.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

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