TriaGen Wealth Management LLC Sells 5,800 Shares of Las Vegas Sands Corp. (NYSE:LVS)

TriaGen Wealth Management LLC trimmed its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 18.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,900 shares of the casino operator's stock after selling 5,800 shares during the period. TriaGen Wealth Management LLC's holdings in Las Vegas Sands were worth $1,330,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in LVS. Janus Henderson Group PLC boosted its holdings in Las Vegas Sands by 159.6% during the third quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator's stock worth $459,630,000 after buying an additional 5,612,975 shares in the last quarter. ARGA Investment Management LP boosted its stake in Las Vegas Sands by 24.8% in the 3rd quarter. ARGA Investment Management LP now owns 4,924,340 shares of the casino operator's stock worth $247,891,000 after purchasing an additional 977,636 shares during the period. Suvretta Capital Management LLC acquired a new position in Las Vegas Sands in the 3rd quarter worth approximately $24,370,000. Bamco Inc. NY boosted its stake in Las Vegas Sands by 29.2% in the 3rd quarter. Bamco Inc. NY now owns 1,581,075 shares of the casino operator's stock worth $79,591,000 after purchasing an additional 357,234 shares during the period. Finally, Raymond James & Associates boosted its stake in Las Vegas Sands by 82.2% in the 3rd quarter. Raymond James & Associates now owns 499,852 shares of the casino operator's stock worth $25,163,000 after purchasing an additional 225,510 shares during the period. 39.16% of the stock is currently owned by institutional investors.

Insider Activity at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 24,324 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $52.00, for a total value of $1,264,848.00. Following the transaction, the chief executive officer now owns 60,187 shares in the company, valued at approximately $3,129,724. The trade was a 28.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert G. Goldstein sold 60,187 shares of the business'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 disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Las Vegas Sands Stock Down 0.7 %

Shares of LVS stock traded down $0.32 during trading hours on Tuesday, hitting $44.62. 3,558,827 shares of the company were exchanged, compared to its average volume of 5,503,885. The company has a market capitalization of $32.35 billion, a PE ratio of 22.65, a PEG ratio of 1.40 and a beta of 1.08. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $56.60. The business has a 50 day moving average of $49.69 and a two-hundred day moving average of $46.82. 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 - Get Free Report) last announced its quarterly earnings data 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%. Analysts anticipate that Las Vegas Sands Corp. will post 2.69 earnings per share for the current fiscal year.

Las Vegas Sands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th will be issued a $0.25 dividend. This is a positive change from Las Vegas Sands's previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 2.24%. The ex-dividend date is Monday, February 10th. Las Vegas Sands's dividend payout ratio (DPR) is currently 40.61%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Susquehanna raised their price objective on shares of Las Vegas Sands from $51.00 to $59.00 and gave the stock a "positive" rating in a research note on Wednesday, October 16th. Mizuho lifted their target price on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Macquarie lifted their target price on shares of Las Vegas Sands from $57.00 to $58.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Jefferies Financial Group raised shares of Las Vegas Sands from a "hold" rating to a "buy" rating and lifted their target price for the company from $60.00 to $69.00 in a research note on Friday, January 3rd. Finally, Wells Fargo & Company decreased their target price on shares of Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.58.

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.