Las Vegas Sands Corp. (NYSE:LVS) General Counsel Kathleen Bender Patton sold 2,008 shares of the firm’s 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 LVS traded down $0.53 during trading hours on Thursday, hitting $57.85. The company’s stock had a trading volume of 133,944 shares, compared to its average volume of 3,564,580. The company has a market cap of $45.91 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 7.84 and a beta of 1.60. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.64 and a quick ratio of 1.62. The business has a 50 day simple moving average of $55.68 and a two-hundred day simple moving average of $60.26. Las Vegas Sands Corp. has a 52-week low of $47.39 and a 52-week high of $69.60.
Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, July 24th. The casino operator reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.09). The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Las Vegas Sands had a return on equity of 35.77% and a net margin of 14.01%. Las Vegas Sands’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 EPS. Research analysts predict that Las Vegas Sands Corp. will post 3.17 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Wednesday, September 18th will be given a $0.77 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.32%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 92.77%.
Hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its holdings in Las Vegas Sands by 2,233.4% during the 2nd quarter. Renaissance Technologies LLC now owns 2,431,354 shares of the casino operator’s stock valued at $143,669,000 after buying an additional 2,327,154 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in Las Vegas Sands in the second quarter valued at approximately $117,535,000. Boston Partners lifted its holdings in Las Vegas Sands by 16.5% in the second quarter. Boston Partners now owns 6,063,064 shares of the casino operator’s stock valued at $358,510,000 after acquiring an additional 858,697 shares during the period. BlackRock Inc. lifted its holdings in Las Vegas Sands by 3.7% in the second quarter. BlackRock Inc. now owns 18,516,990 shares of the casino operator’s stock valued at $1,094,168,000 after acquiring an additional 664,769 shares during the period. Finally, Cibc World Markets Corp acquired a new position in Las Vegas Sands in the second quarter valued at approximately $33,983,000. Institutional investors own 36.29% of the company’s stock.
A number of analysts recently issued reports on the stock. Goldman Sachs Group upgraded shares of Las Vegas Sands to a “buy” rating in a report on Tuesday, June 11th. Morgan Stanley decreased 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. Zacks Investment Research upgraded 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. JPMorgan Chase & Co. reduced their target price on shares of Las Vegas Sands from $68.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. Finally, Deutsche Bank upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and lifted their target price for the stock from $69.00 to $70.00 in a research note on Sunday, September 8th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Las Vegas Sands currently has an average rating of “Hold” and a consensus price target of $67.23.
About Las Vegas Sands
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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