Stableford Capital II LLC Reduces Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

Stableford Capital II LLC decreased its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 40.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,351 shares of the casino operator’s stock after selling 16,228 shares during the period. Stableford Capital II LLC’s holdings in Las Vegas Sands were worth $1,251,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in Las Vegas Sands during the 3rd quarter valued at about $26,000. CVA Family Office LLC raised its stake in shares of Las Vegas Sands by 118.8% during the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after acquiring an additional 304 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Las Vegas Sands by 73.5% in the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock valued at $30,000 after purchasing an additional 247 shares during the period. Ashton Thomas Securities LLC purchased a new position in Las Vegas Sands during the 3rd quarter worth $34,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Las Vegas Sands in the 3rd quarter worth $43,000. 39.16% of the stock is currently owned by institutional investors.

Insider Activity at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 24,324 shares of Las Vegas Sands stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 60,187 shares in the company, valued at approximately $3,129,724. This trade represents a 28.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert G. Goldstein sold 60,187 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was 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. 0.91% of the stock is owned by insiders.

Las Vegas Sands Stock Down 4.9 %

NYSE:LVS opened at $45.90 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.89 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 $56.60. The company has a market cap of $33.28 billion, a PE ratio of 23.30, a P/E/G ratio of 1.00 and a beta of 1.09. The company’s 50 day moving average is $49.81 and its two-hundred day moving average is $46.73.

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

Las Vegas Sands Increases Dividend

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

Analyst Ratings Changes

LVS has been the subject of several recent research reports. Stifel Nicolaus lifted their price objective 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 target on shares of Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday. Mizuho increased their price objective on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. lowered their target price on Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, UBS Group boosted their price target on Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.