Bank of Montreal Can Sells 208,242 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Bank of Montreal Can lowered its holdings in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 42.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 283,261 shares of the casino operator's stock after selling 208,242 shares during the period. Bank of Montreal Can's holdings in Las Vegas Sands were worth $14,480,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of LVS. CVA Family Office LLC grew its position in 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 period. Bank & Trust Co bought a new position in shares of Las Vegas Sands during the 2nd quarter valued at approximately $29,000. Ashton Thomas Securities LLC purchased a new stake in shares of Las Vegas Sands during the 3rd quarter worth approximately $34,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Las Vegas Sands by 93.2% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator's stock worth $40,000 after purchasing an additional 437 shares during the period. Finally, GAMMA Investing LLC lifted its stake 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 last quarter. Institutional investors own 39.16% of the company's stock.

Insider Transactions at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 119,221 shares of Las Vegas Sands stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total value of $6,405,744.33. Following the transaction, the chief executive officer now owns 84,511 shares in the company, valued at $4,540,776.03. This trade represents a 58.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on LVS shares. Barclays raised their target price on Las Vegas Sands from $52.00 to $58.00 and gave the stock an "overweight" rating in a research report on Thursday, October 17th. UBS Group boosted their price objective on Las Vegas Sands from $49.00 to $50.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Morgan Stanley increased their target price on shares of Las Vegas Sands from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. Stifel Nicolaus boosted their price target on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $58.00.

Las Vegas Sands Price Performance

Las Vegas Sands stock traded up $1.64 during midday trading on Friday, hitting $53.06. 4,739,187 shares of the company's stock were exchanged, compared to its average volume of 5,255,217. The company has a market cap of $38.47 billion, a P/E ratio of 26.27, a PEG ratio of 1.40 and a beta of 1.11. 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 stock has a 50-day moving average price of $50.77 and a two-hundred day moving average price of $45.01. Las Vegas Sands Corp. has a 52-week low of $36.62 and a 52-week high of $55.65.

Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.09). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The business had revenue of $2.68 billion for the quarter, compared to analysts' expectations of $2.79 billion. During the same period in the previous year, the firm posted $0.55 EPS. The firm's revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities research analysts forecast that Las Vegas Sands Corp. will post 2.33 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Tuesday, November 5th. Las Vegas Sands's dividend payout ratio is currently 39.60%.

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.