Greenleaf Trust Has $220,000 Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Greenleaf Trust lessened its stake in Las Vegas Sands Corp. (NYSE:LVS) by 14.6% in the fourth quarter, Holdings Channel reports. The firm owned 4,473 shares of the casino operator’s stock after selling 766 shares during the quarter. Greenleaf Trust’s holdings in Las Vegas Sands were worth $220,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Headlands Technologies LLC acquired a new position in Las Vegas Sands in the third quarter valued at about $27,000. Western Pacific Wealth Management LP bought a new position in Las Vegas Sands in the third quarter valued at about $29,000. Venturi Wealth Management LLC grew its position in Las Vegas Sands by 150.4% in the fourth quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock valued at $34,000 after acquiring an additional 409 shares during the last quarter. CNB Bank bought a new position in Las Vegas Sands in the third quarter valued at about $32,000. Finally, Massmutual Trust Co. FSB ADV grew its position in Las Vegas Sands by 617.3% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 911 shares of the casino operator’s stock valued at $45,000 after acquiring an additional 784 shares during the last quarter. 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 100,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $52.06, for a total value of $5,206,000.00. Following the transaction, the chief executive officer now directly owns 172,801 shares of the company’s stock, valued at $8,996,020.06. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.91% of the stock is owned by insiders.

Las Vegas Sands Price Performance

Las Vegas Sands stock opened at $45.84 on Thursday. The stock’s 50 day moving average is $51.57 and its 200 day moving average is $49.66. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market cap of $34.15 billion, a P/E ratio of 22.14, a P/E/G ratio of 0.85 and a beta of 1.16. Las Vegas Sands Corp. has a one year low of $43.77 and a one year high of $65.58.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.13. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.94 billion. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. The firm’s quarterly revenue was up 34.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 earnings per share. As a group, research analysts expect that Las Vegas Sands Corp. will post 2.65 EPS for the current year.

Las Vegas Sands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Monday, May 6th. Las Vegas Sands’s dividend payout ratio is currently 38.65%.

Wall Street Analyst Weigh In

LVS has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their target price on Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. StockNews.com upgraded Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Mizuho decreased their target price on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Morgan Stanley boosted their price target on Las Vegas Sands from $61.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Las Vegas Sands currently has an average rating of “Moderate Buy” and an average price target of $63.46.

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.