Las Vegas Sands Corp. $LVS Shares Sold by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. lowered its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 11.1% during the second quarter, Holdings Channel reports. The fund owned 45,471 shares of the casino operator’s stock after selling 5,689 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Las Vegas Sands were worth $1,978,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its position in shares of Las Vegas Sands by 69.3% in the first quarter. American Century Companies Inc. now owns 567,101 shares of the casino operator’s stock worth $21,907,000 after acquiring an additional 232,091 shares during the last quarter. Northern Trust Corp increased its position in Las Vegas Sands by 0.4% during the 1st quarter. Northern Trust Corp now owns 3,101,190 shares of the casino operator’s stock worth $119,799,000 after purchasing an additional 12,593 shares in the last quarter. Ground Swell Capital LLC purchased a new position in shares of Las Vegas Sands in the 1st quarter valued at $225,000. Everett Harris & Co. CA acquired a new position in shares of Las Vegas Sands during the first quarter worth about $657,000. Finally, Jump Financial LLC boosted its holdings in Las Vegas Sands by 560.4% in the 1st quarter. Jump Financial LLC now owns 70,685 shares of the casino operator’s stock worth $2,731,000 after acquiring an additional 59,982 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Robert G. Goldstein sold 360,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $63.05, for a total value of $22,698,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders sold 2,000,000 shares of company stock worth $119,719,200. 1.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on LVS shares. 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 report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Las Vegas Sands in a report on Wednesday, October 8th. Morgan Stanley increased their price objective on Las Vegas Sands from $59.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. Wall Street Zen raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Sunday, September 7th. Finally, Argus lifted their price target on Las Vegas Sands from $60.00 to $65.00 in a research report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.13.

Las Vegas Sands Price Performance

LVS opened at $65.13 on Friday. The stock has a fifty day moving average of $54.46 and a 200-day moving average of $48.80. The firm has a market capitalization of $44.04 billion, a P/E ratio of 29.47, a PEG ratio of 1.62 and a beta of 1.03. The company has a quick ratio of 1.21, a current ratio of 0.89 and a debt-to-equity ratio of 7.42. Las Vegas Sands Corp. has a 12-month low of $30.18 and a 12-month high of $65.55.

Las Vegas Sands (NYSE:LVS) last announced 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. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.04 billion. Las Vegas Sands had a return on equity of 73.14% and a net margin of 12.69%.The business’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period last year, the company posted $0.44 EPS. Equities analysts forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Tuesday, November 4th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, November 4th. This represents a $1.00 dividend on an annualized basis and a yield of 1.5%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 45.25%.

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.