Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Greenleaf Trust

Greenleaf Trust trimmed its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 14.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,473 shares of the casino operator’s stock after selling 766 shares during the period. Greenleaf Trust’s holdings in Las Vegas Sands were worth $220,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. California Public Employees Retirement System grew its holdings in Las Vegas Sands by 4.9% during the 3rd quarter. California Public Employees Retirement System now owns 652,220 shares of the casino operator’s stock worth $29,898,000 after acquiring an additional 30,500 shares in the last quarter. Nordea Investment Management AB grew its holdings in Las Vegas Sands by 182.9% during the 4th quarter. Nordea Investment Management AB now owns 698,686 shares of the casino operator’s stock worth $34,264,000 after acquiring an additional 451,710 shares in the last quarter. DNB Asset Management AS grew its holdings in Las Vegas Sands by 50.4% during the 4th quarter. DNB Asset Management AS now owns 672,905 shares of the casino operator’s stock worth $33,114,000 after acquiring an additional 225,351 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in Las Vegas Sands by 15.6% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,195 shares of the casino operator’s stock worth $467,000 after acquiring an additional 1,379 shares in the last quarter. Finally, AM Squared Ltd acquired a new position in Las Vegas Sands during the 4th quarter worth $3,076,000. 39.16% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the sale, the chief executive officer now directly owns 172,801 shares in the company, valued at approximately $8,996,020.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LVS has been the subject of several recent analyst reports. Stifel Nicolaus decreased their price objective on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Barclays decreased their price target on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. JPMorgan Chase & Co. decreased their price target on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Morgan Stanley lifted their price target on shares of Las Vegas Sands from $61.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. Finally, StockNews.com raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $63.46.

Las Vegas Sands Trading Down 0.4 %

Shares of NYSE:LVS opened at $45.84 on Thursday. The company has a market cap of $34.15 billion, a PE ratio of 22.14, a P/E/G ratio of 0.85 and a beta of 1.16. The company’s 50-day moving average price is $51.57 and its 200 day moving average price is $49.66. Las Vegas Sands Corp. has a fifty-two week low of $43.77 and a fifty-two week high of $65.58. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 2.96.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.13. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.94 billion. Las Vegas Sands had a net margin of 13.99% and a return on equity of 42.34%. Las Vegas Sands’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same period last year, the firm posted $0.28 EPS. Sell-side analysts anticipate that Las Vegas Sands Corp. will post 2.65 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.75%. Las Vegas Sands’s dividend payout ratio (DPR) is 38.65%.

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.