Key Points
- Miriam Adelson sold 77,991 shares of Las Vegas Sands at an average price of $67.56 for a total of $5.27 million, reducing her stake by 0.33% to 23,333,441 shares (disclosed in an SEC filing).
- Las Vegas Sands recently reported a quarter above expectations with $0.78 EPS (vs. $0.62 est.) and revenue of $3.33 billion, up 24.2% year-over-year, and several analysts (including Goldman Sachs) have raised ratings/price targets, leaving a consensus of "Moderate Buy."
- The company pays a quarterly dividend of $0.25 ($1.00 annualized) for a yield of about 1.5% and a payout ratio near 45%, while the stock trades near its recent highs with a market cap around $45.3 billion.
Las Vegas Sands Corp. (NYSE:LVS - Get Free Report) CEO Robert Goldstein sold 51,350 shares of the company's stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $67.58, for a total value of $3,470,233.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Las Vegas Sands Price Performance
Shares of NYSE:LVS opened at $66.95 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 7.42. The stock has a market cap of $45.27 billion, a PE ratio of 30.29, a price-to-earnings-growth ratio of 1.80 and a beta of 0.97. The stock's fifty day simple moving average is $61.80 and its two-hundred day simple moving average is $54.25. Las Vegas Sands Corp. has a 1-year low of $30.18 and a 1-year high of $70.45.
Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its earnings results on Wednesday, October 22nd. The casino operator reported $0.78 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 company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the prior 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 forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.
Las Vegas Sands Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Shareholders 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 yield of 1.5%. Las Vegas Sands's dividend payout ratio (DPR) is 45.25%.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. Citigroup boosted their target price on Las Vegas Sands from $75.50 to $76.75 and gave the stock a "buy" rating in a research note on Thursday, December 11th. Morgan Stanley raised their target price on Las Vegas Sands from $59.00 to $63.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 28th. Argus increased their price target on shares of Las Vegas Sands from $65.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, December 1st. Susquehanna lifted their price objective on shares of Las Vegas Sands from $62.00 to $63.00 and gave the stock a "positive" rating in a research report on Wednesday, October 22nd. Finally, Barclays increased their target price on shares of Las Vegas Sands from $59.00 to $62.00 and gave the company an "overweight" rating in a research report on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Las Vegas Sands presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.52.
View Our Latest Stock Report on Las Vegas Sands
Institutional Investors Weigh In On Las Vegas Sands
Several institutional investors have recently added to or reduced their stakes in the business. Hudson Bay Capital Management LP purchased a new position in shares of Las Vegas Sands in the third quarter worth about $774,000. Saranac Partners Ltd bought a new position in Las Vegas Sands in the 3rd quarter worth approximately $4,499,000. Allworth Financial LP grew its stake in Las Vegas Sands by 6.6% in the 3rd quarter. Allworth Financial LP now owns 12,426 shares of the casino operator's stock valued at $668,000 after buying an additional 770 shares in the last quarter. IFP Advisors Inc grew its stake in Las Vegas Sands by 182.4% in the 3rd quarter. IFP Advisors Inc now owns 672 shares of the casino operator's stock valued at $36,000 after buying an additional 434 shares in the last quarter. Finally, Swiss Life Asset Management Ltd lifted its position in shares of Las Vegas Sands by 12.5% during the third quarter. Swiss Life Asset Management Ltd now owns 68,555 shares of the casino operator's stock worth $3,688,000 after acquiring an additional 7,625 shares in the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.
About Las Vegas Sands
(
Get Free Report)
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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