Oppenheimer Asset Management Inc. Sells 1,985 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Oppenheimer Asset Management Inc. decreased its position in Las Vegas Sands Corp. (NYSE:LVS) by 2.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,881 shares of the casino operator’s stock after selling 1,985 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Las Vegas Sands were worth $4,877,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LVS. GAMMA Investing LLC lifted 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 worth $43,000 after buying an additional 243 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Las Vegas Sands by 7.8% during the third quarter. Signaturefd LLC now owns 3,510 shares of the casino operator’s stock valued at $177,000 after purchasing an additional 253 shares in the last quarter. Waldron Private Wealth LLC lifted its holdings in shares of Las Vegas Sands by 2.2% during the third quarter. Waldron Private Wealth LLC now owns 12,466 shares of the casino operator’s stock valued at $628,000 after purchasing an additional 268 shares in the last quarter. CVA Family Office LLC boosted its position 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 buying an additional 304 shares during the last quarter. Finally, Western Pacific Wealth Management LP increased its holdings in Las Vegas Sands by 53.5% in the 1st quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator’s stock worth $50,000 after buying an additional 338 shares in the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Trading Down 2.0 %

Shares of NYSE:LVS opened at $48.53 on Friday. The stock has a 50 day moving average of $48.39 and a 200 day moving average of $44.69. The company has a market cap of $35.19 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 1.30 and a beta of 1.11. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $55.65. 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 (NYSE:LVS) last posted its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.55 earnings per share. As a group, equities research analysts expect that Las Vegas Sands Corp. will post 2.33 EPS for the current year.

Las Vegas Sands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a yield of 1.65%. Las Vegas Sands’s dividend payout ratio is presently 39.60%.

Insider Activity

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 sale, the chief executive officer now owns 60,187 shares of the company’s stock, valued at approximately $3,129,724. This trade represents a 28.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LVS. Susquehanna upped their target price on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Stifel Nicolaus boosted their target price on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. StockNews.com downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, UBS Group lifted 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.