Key Points
- COO Patrick Dumont sold 210,305 shares on Dec. 1 and 17,352 shares on Dec. 2 — a total of 227,657 shares for about $15.9 million — leaving him with 446,608 shares valued at roughly $30.8 million.
- Las Vegas Sands beat quarterly expectations, reporting $0.78 EPS versus $0.62 expected and $3.33 billion in revenue, up 24.2% year-over-year.
- The company recently paid a $0.25 quarterly dividend (annualized $1.00, a 1.5% yield) and trades with a market cap of about $45.3 billion and a P/E of 30.29.
Las Vegas Sands Corp. (NYSE:LVS - Get Free Report) COO Patrick Dumont sold 17,352 shares of Las Vegas Sands stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 446,608 shares in the company, valued at approximately $30,802,553.76. This represents a 3.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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 Stock Performance
Shares of LVS opened at $66.95 on Thursday. The company has a debt-to-equity ratio of 7.42, a current ratio of 0.89 and a quick ratio of 0.88. Las Vegas Sands Corp. has a one year low of $30.18 and a one year high of $70.45. The company's fifty day moving average price is $58.89 and its 200 day moving average price is $52.37. The company has a market capitalization of $45.27 billion, a PE ratio of 30.29, a price-to-earnings-growth ratio of 1.88 and a beta of 0.97.
Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings data on Wednesday, October 22nd. The casino operator reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.16. Las Vegas Sands had a return on equity of 73.14% and a net margin of 12.69%.The business 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 company posted $0.44 earnings per share. The firm's revenue for the quarter was up 24.2% on a year-over-year basis. As a group, analysts expect that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.
Las Vegas Sands Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Tuesday, November 4th were paid a $0.25 dividend. The ex-dividend date was Tuesday, November 4th. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. Las Vegas Sands's dividend payout ratio (DPR) is presently 45.25%.
Hedge Funds Weigh In On Las Vegas Sands
Several institutional investors have recently bought and sold shares of LVS. Vanguard Group Inc. raised its holdings in shares of Las Vegas Sands by 4.4% in the second quarter. Vanguard Group Inc. now owns 43,072,014 shares of the casino operator's stock valued at $1,874,063,000 after buying an additional 1,822,806 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Las Vegas Sands by 3.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,722,816 shares of the casino operator's stock worth $607,373,000 after acquiring an additional 592,321 shares during the last quarter. ARGA Investment Management LP lifted its position in shares of Las Vegas Sands by 36.8% during 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 in the last quarter. Invesco Ltd. grew its stake in shares of Las Vegas Sands by 4.9% during the second quarter. Invesco Ltd. now owns 9,902,619 shares of the casino operator's stock valued at $430,863,000 after purchasing an additional 459,821 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Las Vegas Sands by 0.4% in the second quarter. Geode Capital Management LLC now owns 8,823,966 shares of the casino operator's stock valued at $382,294,000 after purchasing an additional 31,153 shares in the last quarter. Institutional investors own 39.16% of the company's stock.
Analyst Ratings Changes
A number of analysts have weighed in on the stock. Zacks Research raised shares of Las Vegas Sands from a "hold" rating to a "strong-buy" rating in a report on Friday, October 10th. Wall Street Zen raised Las Vegas Sands from a "hold" rating to a "buy" rating in a research report on Sunday, September 7th. Stifel Nicolaus upped their target price 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. Barclays lifted their price target on shares of Las Vegas Sands from $59.00 to $62.00 and gave the stock an "overweight" rating in a research note on Thursday, October 23rd. Finally, Morgan Stanley increased their price objective on shares of Las Vegas Sands from $59.00 to $63.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, Las Vegas Sands currently has a consensus rating of "Moderate Buy" and a consensus price target of $65.60.
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About Las Vegas Sands
(
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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.
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