Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Silverlake Wealth Management LLC

Silverlake Wealth Management LLC cut its position in Las Vegas Sands Corp. (NYSE:LVS) by 24.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,983 shares of the casino operator’s stock after selling 1,318 shares during the quarter. Silverlake Wealth Management LLC’s holdings in Las Vegas Sands were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of LVS. Sanctuary Advisors LLC acquired a new stake in shares of Las Vegas Sands in the second quarter valued at $619,000. Czech National Bank grew its stake in shares of Las Vegas Sands by 3.5% in the third quarter. Czech National Bank now owns 72,007 shares of the casino operator’s stock valued at $3,625,000 after buying an additional 2,440 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Las Vegas Sands by 40.1% in the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after buying an additional 243 shares in the last quarter. CWM LLC grew its stake in Las Vegas Sands by 16.1% during the 3rd quarter. CWM LLC now owns 10,338 shares of the casino operator’s stock worth $520,000 after purchasing an additional 1,437 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Las Vegas Sands by 419.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,858 shares of the casino operator’s stock worth $94,000 after purchasing an additional 1,500 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Stock Down 2.3 %

LVS opened at $43.51 on Thursday. The business’s 50-day simple moving average is $49.56 and its 200-day simple moving average is $46.84. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90. Las Vegas Sands Corp. has a one year low of $36.62 and a one year high of $56.60. The stock has a market capitalization of $31.55 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 1.40 and a beta of 1.08.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, January 29th. The casino operator reported $0.54 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%. Analysts anticipate that Las Vegas Sands Corp. will post 2.69 EPS for the current year.

Las Vegas Sands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.30%. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.20. Las Vegas Sands’s payout ratio is 40.61%.

Insider Transactions at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 60,187 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $53.02, for a total transaction of $3,191,114.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Jefferies Financial Group upgraded Las Vegas Sands from a “hold” rating to a “buy” rating and lifted their price objective for the company from $60.00 to $69.00 in a research note on Friday, January 3rd. Citigroup lifted their price target on shares of Las Vegas Sands from $64.50 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. UBS Group increased their price objective on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Stifel Nicolaus lifted their price objective on shares of Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $59.58.

Las Vegas Sands 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.