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

Chevy Chase Trust Holdings LLC lessened its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 182,622 shares of the casino operator's stock after selling 6,899 shares during the quarter. Chevy Chase Trust Holdings LLC's holdings in Las Vegas Sands were worth $9,379,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Las Vegas Sands in the third quarter valued at approximately $26,000. UMB Bank n.a. increased its holdings in shares of Las Vegas Sands by 73.5% during the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator's stock worth $30,000 after buying an additional 247 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Las Vegas Sands in the third quarter valued at $34,000. Capital Performance Advisors LLP acquired a new stake in Las Vegas Sands in the third quarter valued at $43,000. Finally, Vestor Capital LLC acquired a new stake in Las Vegas Sands in the third quarter valued at $43,000. Institutional investors and hedge funds own 39.16% of the company's stock.

Insider Buying and Selling

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 60,187 shares of the company's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $53.02, for a total transaction of $3,191,114.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is currently owned by insiders.

Analyst Ratings Changes

LVS has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reduced their target price on Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Jefferies Financial Group upgraded Las Vegas Sands from a "hold" rating to a "buy" rating and boosted their target price for the stock from $60.00 to $69.00 in a research note on Friday, January 3rd. Macquarie lifted their price target on shares of Las Vegas Sands from $57.00 to $58.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Mizuho boosted their target price on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Finally, UBS Group boosted their target price on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.58.

Las Vegas Sands Price Performance

Shares of NYSE:LVS traded up $0.94 on Thursday, reaching $44.98. The company's stock had a trading volume of 4,187,234 shares, compared to its average volume of 5,990,282. The company has a market cap of $32.20 billion, a P/E ratio of 22.83, a PEG ratio of 1.38 and a beta of 1.08. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 0.74. Las Vegas Sands Corp. has a 52-week low of $36.62 and a 52-week high of $56.60. The company has a 50-day simple moving average of $47.13 and a 200 day simple moving average of $47.03.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a net margin of 12.80% and a return on equity of 45.82%. As a group, equities research analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th were issued a $0.25 dividend. This is an increase from Las Vegas Sands's previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Monday, February 10th. Las Vegas Sands's dividend payout ratio is 50.76%.

Las Vegas Sands 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.