Las Vegas Sands (NYSE:LVS) COO Patrick Dumont Sells 210,305 Shares of Stock

Las Vegas Sands Corp. (NYSE:LVS) COO Patrick Dumont sold 210,305 shares of Las Vegas Sands stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $69.96, for a total transaction of $14,712,937.80. Following the sale, the chief operating officer owned 446,608 shares in the company, valued at approximately $31,244,695.68. This represents a 32.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Patrick Dumont also recently made the following trade(s):

• On Tuesday, December 2nd, Patrick Dumont sold 17,352 shares of Las Vegas Sands stock. The shares were sold at an average price of $68.97, for a total transaction of $1,196,767.44.

Las Vegas Sands Price Performance

Shares of NYSE:LVS opened at $66.95 on Thursday. The firm has a market cap 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. The firm’s fifty day moving average is $58.89 and its 200-day moving average is $52.37. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.88 and a current ratio of 0.89. Las Vegas Sands Corp. has a 52 week low of $30.18 and a 52 week high of $70.45.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.16. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.04 billion. Las Vegas Sands had a return on equity of 73.14% and a net margin of 12.69%.Las Vegas Sands’s quarterly revenue was up 24.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 earnings per share. Sell-side analysts predict 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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, November 4th. Las Vegas Sands’s dividend payout ratio (DPR) is 45.25%.

Analyst Upgrades and Downgrades

Several analysts recently commented on LVS shares. Macquarie upped their target price on Las Vegas Sands from $62.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Stifel Nicolaus upped their price objective on shares of 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 target price 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. The Goldman Sachs Group upped their price target on shares of Las Vegas Sands from $57.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Finally, Wall Street Zen raised Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Sunday, September 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $65.60.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Total Investment Management Inc. acquired a new position in shares of Las Vegas Sands during the second quarter worth approximately $25,000. Westside Investment Management Inc. grew its position in Las Vegas Sands by 48.0% in the 3rd quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock valued at $28,000 after purchasing an additional 166 shares during the period. Root Financial Partners LLC bought a new stake in Las Vegas Sands during the 3rd quarter valued at $33,000. Smartleaf Asset Management LLC raised its holdings in Las Vegas Sands by 549.5% during the third quarter. Smartleaf Asset Management LLC now owns 630 shares of the casino operator’s stock worth $35,000 after buying an additional 533 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of Las Vegas Sands by 182.4% in the third 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. Institutional investors own 39.16% of the company’s stock.

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.