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

Silverlake Wealth Management LLC reduced its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 24.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,983 shares of the casino operator’s stock after selling 1,318 shares during the period. Silverlake Wealth Management LLC’s holdings in Las Vegas Sands were worth $205,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LVS. Sanctuary Advisors LLC acquired a new stake in Las Vegas Sands in the second quarter valued at approximately $619,000. Czech National Bank grew its holdings in 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 purchasing an additional 2,440 shares during the period. GAMMA Investing LLC grew its holdings in 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 purchasing an additional 243 shares during the period. CWM LLC grew its holdings in Las Vegas Sands by 16.1% in the third quarter. CWM LLC now owns 10,338 shares of the casino operator’s stock valued at $520,000 after purchasing an additional 1,437 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Las Vegas Sands by 419.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,858 shares of the casino operator’s stock valued at $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.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 60,187 shares of Las Vegas Sands stock in a transaction 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 transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.20% of the company’s stock.

Las Vegas Sands Stock Performance

Shares of Las Vegas Sands stock opened at $43.51 on Thursday. Las Vegas Sands Corp. has a one year low of $36.62 and a one year high of $56.60. The company has a market cap of $31.55 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 1.40 and a beta of 1.08. 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 business’s 50 day moving average price is $49.56 and its 200 day moving average price is $46.84.

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 net margin of 12.80% and a return on equity of 43.76%. On average, research analysts predict that Las Vegas Sands Corp. will post 2.69 EPS for the current year.

Las Vegas Sands Increases Dividend

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

Analyst Ratings Changes

Several analysts have commented on LVS shares. Wells Fargo & Company 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, January 30th. Stifel Nicolaus raised their target price on Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft decreased their target price on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Macquarie raised their target price on Las Vegas Sands from $57.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Finally, Citigroup raised their target price on Las Vegas Sands from $64.50 to $67.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Las Vegas Sands currently has a consensus 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.