TriaGen Wealth Management LLC Decreases Stake in Las Vegas Sands Corp. (NYSE:LVS)

TriaGen Wealth Management LLC lessened its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 18.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,900 shares of the casino operator’s stock after selling 5,800 shares during the quarter. TriaGen Wealth Management LLC’s holdings in Las Vegas Sands were worth $1,330,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in LVS. Meeder Asset Management Inc. lifted its holdings in Las Vegas Sands by 97.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 89,743 shares of the casino operator’s stock valued at $4,518,000 after purchasing an additional 44,223 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Las Vegas Sands by 1.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,627,422 shares of the casino operator’s stock worth $283,284,000 after purchasing an additional 77,807 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Las Vegas Sands during the 2nd quarter worth about $619,000. Clearbridge Investments LLC grew its position in Las Vegas Sands by 29.9% in the 2nd quarter. Clearbridge Investments LLC now owns 833,487 shares of the casino operator’s stock valued at $36,882,000 after acquiring an additional 191,805 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Las Vegas Sands by 33.3% in the 3rd quarter. Principal Financial Group Inc. now owns 548,072 shares of the casino operator’s stock valued at $27,590,000 after acquiring an additional 136,859 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Robert G. Goldstein sold 60,187 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $53.02, for a total transaction of $3,191,114.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert G. Goldstein sold 24,324 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the completion of the sale, the chief executive officer now directly owns 60,187 shares of the company’s stock, valued at $3,129,724. The trade was a 28.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.91% of the company’s stock.

Las Vegas Sands Stock Down 4.9 %

NYSE:LVS opened at $45.90 on Friday. The stock’s fifty day moving average price is $49.90 and its two-hundred day moving average price is $46.71. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90. The company has a market cap of $33.28 billion, a price-to-earnings ratio of 23.30, a P/E/G ratio of 1.00 and a beta of 1.09. Las Vegas Sands Corp. has a 52-week low of $36.62 and a 52-week high of $56.60.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 43.76% and a net margin of 12.80%. On average, analysts anticipate that Las Vegas Sands Corp. will post 2.76 EPS for the current year.

Las Vegas Sands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, February 10th. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 2.18%. Las Vegas Sands’s dividend payout ratio (DPR) is 40.61%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Jefferies Financial Group upgraded Las Vegas Sands from a “hold” rating to a “buy” rating and boosted their target price for the stock from $60.00 to $69.00 in a research note on Friday, January 3rd. Stifel Nicolaus upped their target price on Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Barclays reduced their price objective on Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating on the stock in a research report on Wednesday. Citigroup increased their target price on Las Vegas Sands from $64.50 to $67.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, UBS Group raised their price objective on Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $59.58.

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.