Huntington National Bank Sells 7,487 Shares of Las Vegas Sands Corp. $LVS

Huntington National Bank trimmed its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 77.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,221 shares of the casino operator’s stock after selling 7,487 shares during the quarter. Huntington National Bank’s holdings in Las Vegas Sands were worth $97,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB grew its position in shares of Las Vegas Sands by 37.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator’s stock worth $38,000 after purchasing an additional 239 shares in the last quarter. Harbour Investments Inc. boosted its stake in shares of Las Vegas Sands by 21.4% in the second quarter. Harbour Investments Inc. now owns 1,401 shares of the casino operator’s stock valued at $61,000 after buying an additional 247 shares during the period. Wealthfront Advisers LLC grew its position in Las Vegas Sands by 1.5% during the second quarter. Wealthfront Advisers LLC now owns 18,189 shares of the casino operator’s stock worth $791,000 after buying an additional 273 shares in the last quarter. Center for Financial Planning Inc. increased its stake in Las Vegas Sands by 31.3% during the 2nd quarter. Center for Financial Planning Inc. now owns 1,440 shares of the casino operator’s stock worth $63,000 after acquiring an additional 343 shares during the period. Finally, UMB Bank n.a. increased its stake in Las Vegas Sands by 53.8% during the 2nd quarter. UMB Bank n.a. now owns 1,361 shares of the casino operator’s stock worth $59,000 after acquiring an additional 476 shares during the period. Institutional investors and hedge funds own 39.16% of the company’s stock.

Insider Activity at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 360,000 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $63.05, for a total transaction of $22,698,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold 2,000,000 shares of company stock worth $119,719,200 over the last quarter. Company insiders own 1.20% of the company’s stock.

Las Vegas Sands Price Performance

LVS stock opened at $65.13 on Friday. The stock has a market cap of $44.04 billion, a price-to-earnings ratio of 29.47, a P/E/G ratio of 1.62 and a beta of 1.03. The company has a debt-to-equity ratio of 7.42, a current ratio of 0.89 and a quick ratio of 1.21. The company has a 50 day simple moving average of $54.46 and a 200 day simple moving average of $48.90. Las Vegas Sands Corp. has a 1 year low of $30.18 and a 1 year high of $65.55.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.16. Las Vegas Sands had a net margin of 12.69% and a return on equity of 73.14%. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The company’s revenue was up 24.2% on a year-over-year basis. Research analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Tuesday, November 4th will be given a $0.25 dividend. The ex-dividend date is Tuesday, November 4th. This represents a $1.00 annualized dividend and a yield of 1.5%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 45.25%.

Analyst Ratings Changes

A number of research analysts recently commented on LVS shares. Argus boosted their price target on Las Vegas Sands from $60.00 to $65.00 in a research note on Tuesday, September 23rd. Mizuho raised their target price on shares of Las Vegas Sands from $56.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Morgan Stanley upped their price target on shares of Las Vegas Sands from $59.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. Macquarie lifted their price objective on shares of Las Vegas Sands from $62.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Finally, Susquehanna boosted their price objective on shares of Las Vegas Sands from $62.00 to $63.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and an average target price of $64.13.

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.