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 on Tuesday, December 2nd. The shares were sold at an average price of $68.97, for a total transaction of $1,196,767.44. Following the completion of the sale, the chief operating officer owned 446,608 shares in the company, valued at approximately $30,802,553.76. This represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 Trading Down 0.8%

Shares of Las Vegas Sands stock opened at $66.34 on Friday. Las Vegas Sands Corp. has a twelve month low of $30.18 and a twelve month high of $70.45. 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 business has a 50-day moving average price of $59.16 and a 200-day moving average price of $52.47. The firm has a market cap of $44.85 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 1.81 and a beta of 0.97.

Las Vegas Sands (NYSE:LVS) last announced 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 company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.04 billion. Las Vegas Sands had a return on equity of 73.14% and a net margin of 12.69%.The firm’s revenue was up 24.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.44 earnings per share. Equities research analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Tuesday, November 4th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, November 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. Las Vegas Sands’s dividend payout ratio (DPR) is 45.25%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LVS. Nuveen LLC purchased a new stake in shares of Las Vegas Sands in the first quarter worth approximately $183,836,000. Arrowstreet Capital Limited Partnership boosted its holdings in Las Vegas Sands by 410.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,167,553 shares of the casino operator’s stock valued at $277,963,000 after acquiring an additional 4,154,753 shares during the period. Norges Bank bought a new position in Las Vegas Sands in the 2nd quarter valued at $134,179,000. ARGA Investment Management LP increased its stake in Las Vegas Sands by 36.8% in the second quarter. ARGA Investment Management LP now owns 10,040,975 shares of the casino operator’s stock worth $436,883,000 after purchasing an additional 2,698,398 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Las Vegas Sands by 5.8% during the first quarter. Vanguard Group Inc. now owns 41,249,208 shares of the casino operator’s stock worth $1,593,457,000 after purchasing an additional 2,267,307 shares during the last quarter. Institutional investors own 39.16% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on LVS. Mizuho upped their price target on shares of Las Vegas Sands from $56.00 to $63.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. UBS Group upped their target price on shares of Las Vegas Sands from $55.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Zacks Research upgraded Las Vegas Sands from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Morgan Stanley boosted their price objective on Las Vegas Sands from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 28th. Finally, Stifel Nicolaus raised their price objective on Las Vegas Sands from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.