Las Vegas Sands (NYSE:LVS) Sets New 52-Week High – What’s Next?

Las Vegas Sands Corp. (NYSE:LVS) shares reached a new 52-week high during trading on Monday . The stock traded as high as $60.84 and last traded at $60.4910, with a volume of 252113 shares changing hands. The stock had previously closed at $59.35.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LVS. Citigroup reissued a “buy” rating on shares of Las Vegas Sands in a research note on Wednesday, July 9th. Stifel Nicolaus increased their price objective on shares of Las Vegas Sands from $60.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. increased their price objective on shares of Las Vegas Sands from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Argus increased their target price on shares of Las Vegas Sands from $60.00 to $65.00 in a report on Tuesday, September 23rd. Finally, Barclays increased their target price on shares of Las Vegas Sands from $59.00 to $62.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $64.13.

Las Vegas Sands Trading Up 2.6%

The company has a quick ratio of 1.21, a current ratio of 0.89 and a debt-to-equity ratio of 7.42. The business’s fifty day moving average is $54.09 and its 200 day moving average is $48.37. The firm has a market capitalization of $42.52 billion, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 1.62 and a beta of 1.01.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.16. Las Vegas Sands had a net margin of 12.69% and a return on equity of 73.14%. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same period in the previous year, the business earned $0.44 EPS. The company’s revenue was up 24.2% compared to the same quarter last year. Equities analysts predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Tuesday, November 4th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, November 4th. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. Las Vegas Sands’s payout ratio is currently 45.25%.

Insider Buying and Selling at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 700,000 shares of the business’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $58.88, for a total transaction of $41,216,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 1,600,000 shares of company stock worth $94,502,000. 1.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Total Investment Management Inc. acquired a new position in Las Vegas Sands in the 2nd quarter valued at about $25,000. Westside Investment Management Inc. grew its position in shares of Las Vegas Sands by 48.0% during the 3rd quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock worth $28,000 after purchasing an additional 166 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of Las Vegas Sands during the 3rd quarter worth approximately $33,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Las Vegas Sands by 37.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator’s stock worth $38,000 after purchasing an additional 239 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. acquired a new position in shares of Las Vegas Sands during the 2nd quarter worth approximately $41,000. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Las Vegas Sands Company Profile

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.