Las Vegas Sands Corp. $LVS Shares Sold by Mcdonald Partners LLC

Mcdonald Partners LLC lowered its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 93.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,927 shares of the casino operator’s stock after selling 60,324 shares during the period. Mcdonald Partners LLC’s holdings in Las Vegas Sands were worth $211,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Total Investment Management Inc. purchased a new stake in shares of Las Vegas Sands during the second quarter worth $25,000. Westside Investment Management Inc. grew its position in shares of Las Vegas Sands by 48.0% during the third quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock worth $28,000 after buying an additional 166 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Las Vegas Sands during the third quarter worth approximately $33,000. Smartleaf Asset Management LLC raised its holdings in Las Vegas Sands by 549.5% in the third quarter. Smartleaf Asset Management LLC now owns 630 shares of the casino operator’s stock valued at $35,000 after acquiring an additional 533 shares in the last quarter. Finally, MAI Capital Management grew its holdings in Las Vegas Sands by 78.4% during the 3rd quarter. MAI Capital Management now owns 710 shares of the casino operator’s stock worth $38,000 after acquiring an additional 312 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on LVS. Morgan Stanley set a $66.00 price objective on shares of Las Vegas Sands in a research report on Wednesday, February 11th. UBS Group raised their price objective on shares of Las Vegas Sands from $67.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. Wall Street Zen downgraded shares of Las Vegas Sands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 14th. Stifel Nicolaus decreased their target price on Las Vegas Sands from $75.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Finally, Jefferies Financial Group lowered their target price on shares of Las Vegas Sands from $78.00 to $72.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Twelve research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.55.

Las Vegas Sands Price Performance

Shares of NYSE LVS opened at $56.15 on Thursday. The company has a debt-to-equity ratio of 7.58, a quick ratio of 1.13 and a current ratio of 1.14. Las Vegas Sands Corp. has a one year low of $30.18 and a one year high of $70.45. The firm has a market capitalization of $37.73 billion, a P/E ratio of 24.00, a PEG ratio of 1.42 and a beta of 0.88. The company’s fifty day moving average is $59.19 and its two-hundred day moving average is $58.94.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, January 28th. The casino operator reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.08. The firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.33 billion. Las Vegas Sands had a return on equity of 91.40% and a net margin of 12.50%.Las Vegas Sands’s quarterly revenue was up 26.0% on a year-over-year basis. During the same period last year, the business posted $0.54 EPS. Analysts forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Monday, February 9th were given a dividend of $0.30 per share. The ex-dividend date was Monday, February 9th. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a yield of 2.1%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 51.28%.

Insider Buying and Selling

In related news, CEO Robert G. Goldstein sold 1,198,650 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $66.68, for a total transaction of $79,925,982.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Miriam Adelson sold 77,991 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $67.56, for a total value of $5,269,071.96. Following the transaction, the insider owned 23,333,441 shares in the company, valued at $1,576,407,273.96. This trade represents a 0.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 2,477,991 shares of company stock valued at $165,323,554. Corporate insiders own 1.20% of the company’s stock.

About Las Vegas Sands

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.