Las Vegas Sands Corp. (NYSE:LVS) General Counsel Kathleen Bender Patton sold 2,008 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $35.60, for a total transaction of $71,484.80.

Shares of Las Vegas Sands stock traded down $0.53 during midday trading on Thursday, reaching $57.85. The company had a trading volume of 133,944 shares, compared to its average volume of 3,564,580. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $45.91 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 7.84 and a beta of 1.60. The stock has a fifty day simple moving average of $55.68 and a 200 day simple moving average of $60.26. Las Vegas Sands Corp. has a 1-year low of $47.39 and a 1-year high of $69.60.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, July 24th. The casino operator reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.09). The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.39 billion. Las Vegas Sands had a net margin of 14.01% and a return on equity of 35.77%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 EPS. Sell-side analysts expect that Las Vegas Sands Corp. will post 3.17 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Wednesday, September 18th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date is Tuesday, September 17th. Las Vegas Sands’s dividend payout ratio is currently 92.77%.

Institutional investors have recently modified their holdings of the stock. Manchester Financial Inc. acquired a new stake in shares of Las Vegas Sands in the second quarter valued at approximately $26,000. Manchester Capital Management LLC increased its holdings in shares of Las Vegas Sands by 164.8% in the second quarter. Manchester Capital Management LLC now owns 482 shares of the casino operator’s stock valued at $28,000 after purchasing an additional 300 shares in the last quarter. Icon Wealth Partners LLC acquired a new stake in shares of Las Vegas Sands in the first quarter valued at approximately $32,000. Berman Capital Advisors LLC increased its holdings in shares of Las Vegas Sands by 88.1% in the first quarter. Berman Capital Advisors LLC now owns 585 shares of the casino operator’s stock valued at $35,000 after purchasing an additional 274 shares in the last quarter. Finally, Rehmann Capital Advisory Group boosted its stake in Las Vegas Sands by 49.0% in the first quarter. Rehmann Capital Advisory Group now owns 605 shares of the casino operator’s stock valued at $37,000 after acquiring an additional 199 shares during the last quarter. 36.29% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on LVS shares. Morgan Stanley dropped their price objective on shares of Las Vegas Sands from $68.00 to $66.00 and set an “overweight” rating for the company in a report on Tuesday. UBS Group dropped their price objective on shares of Las Vegas Sands from $63.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Standpoint Research started coverage on shares of Las Vegas Sands in a report on Wednesday, September 4th. They set a “buy” rating for the company. Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Finally, Zacks Investment Research raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a report on Wednesday, May 22nd. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Las Vegas Sands has an average rating of “Hold” and an average target price of $67.23.

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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