Las Vegas Sands (NYSE:LVS) Stock Price Up 1.1%

Las Vegas Sands Corp. (NYSE:LVS) traded up 1.1% during mid-day trading on Monday . The stock traded as high as $47.55 and last traded at $47.19. 1,136,428 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 4,809,477 shares. The stock had previously closed at $46.67.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LVS. StockNews.com upgraded Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Morgan Stanley lifted their price objective on shares of Las Vegas Sands from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. Jefferies Financial Group dropped their target price on Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating on the stock in a report on Thursday, April 18th. Wells Fargo & Company decreased their price target on Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Finally, Barclays dropped their price objective on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.46.

Las Vegas Sands Stock Up 0.7 %

The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.29 and a current ratio of 1.30. The business has a 50-day simple moving average of $50.21 and a two-hundred day simple moving average of $49.70. The company has a market capitalization of $35.03 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 0.87 and a beta of 1.18.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.13. Las Vegas Sands had a net margin of 13.99% and a return on equity of 42.34%. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the firm earned $0.28 EPS. Las Vegas Sands’s quarterly revenue was up 34.9% on a year-over-year basis. As a group, equities analysts predict that Las Vegas Sands Corp. will post 2.63 EPS for the current year.

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.70%. The ex-dividend date is Monday, May 6th. Las Vegas Sands’s payout ratio is 38.65%.

Insider Transactions at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 100,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the transaction, the chief executive officer now owns 172,801 shares of the company’s stock, valued at $8,996,020.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new position in Las Vegas Sands during the 3rd quarter valued at about $27,000. Western Pacific Wealth Management LP acquired a new position in shares of Las Vegas Sands during the 3rd quarter worth approximately $29,000. CNB Bank purchased a new stake in Las Vegas Sands in the 3rd quarter valued at approximately $32,000. Delos Wealth Advisors LLC purchased a new stake in shares of Las Vegas Sands in the fourth quarter valued at $33,000. Finally, Venturi Wealth Management LLC lifted its stake in shares of Las Vegas Sands by 150.4% during the fourth quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock valued at $34,000 after buying an additional 409 shares during the period. 39.16% of the stock is owned by hedge funds and other institutional investors.

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.