Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC decreased its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 189,521 shares of the casino operator’s stock after selling 10,021 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Las Vegas Sands were worth $9,540,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers boosted its stake in shares of Las Vegas Sands by 148.3% during the 1st quarter. Cetera Investment Advisers now owns 32,443 shares of the casino operator’s stock valued at $1,677,000 after buying an additional 19,376 shares during the last quarter. Cetera Advisors LLC purchased a new position in shares of Las Vegas Sands in the first quarter worth approximately $364,000. Mather Group LLC. raised its stake in Las Vegas Sands by 28.1% during the 2nd quarter. Mather Group LLC. now owns 2,034 shares of the casino operator’s stock valued at $90,000 after purchasing an additional 446 shares during the period. Park Avenue Securities LLC boosted its position in Las Vegas Sands by 7.6% during the 2nd quarter. Park Avenue Securities LLC now owns 18,684 shares of the casino operator’s stock worth $827,000 after acquiring an additional 1,324 shares during the period. Finally, Hexagon Capital Partners LLC lifted its position in Las Vegas Sands by 73.3% in the 2nd quarter. Hexagon Capital Partners LLC now owns 4,730 shares of the casino operator’s stock worth $209,000 after buying an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Insider Activity

In related news, CEO Robert G. Goldstein sold 24,324 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $52.00, for a total value of $1,264,848.00. Following the sale, the chief executive officer now 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert G. Goldstein sold 60,187 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 203,732 shares of company stock valued at $10,861,707. 0.91% of the stock is currently owned by corporate insiders.

Las Vegas Sands Stock Down 1.4 %

NYSE:LVS opened at $53.83 on Friday. The firm has a market capitalization of $39.03 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 1.42 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $55.65. The stock’s 50 day moving average price is $51.52 and its two-hundred day moving average price is $45.25.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.79 billion. Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 earnings per share. Equities research analysts expect that Las Vegas Sands Corp. will post 2.33 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.80 annualized dividend and a yield of 1.49%. Las Vegas Sands’s dividend payout ratio is presently 39.60%.

Wall Street Analysts Forecast Growth

LVS has been the subject of several recent research reports. Argus downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Morgan Stanley increased their price target on shares of Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Mizuho lifted their price objective on Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Barclays lifted their target price on shares of Las Vegas Sands from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Finally, Wells Fargo & Company increased their price objective on Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

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.