Cibc World Market Inc. Sells 21,434 Shares of Las Vegas Sands Corp. $LVS

Cibc World Market Inc. reduced its stake in Las Vegas Sands Corp. (NYSE:LVS) by 27.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,754 shares of the casino operator’s stock after selling 21,434 shares during the period. Cibc World Market Inc.’s holdings in Las Vegas Sands were worth $2,999,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Total Investment Management Inc. acquired a new position in Las Vegas Sands in the 2nd quarter valued at about $25,000. Westside Investment Management Inc. boosted its holdings in shares of Las Vegas Sands by 48.0% during the third quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock worth $28,000 after acquiring an additional 166 shares during the period. Root Financial Partners LLC acquired a new position in shares of Las Vegas Sands in the third quarter valued at approximately $33,000. Smartleaf Asset Management LLC grew its position in shares of Las Vegas Sands by 549.5% in the third quarter. Smartleaf Asset Management LLC now owns 630 shares of the casino operator’s stock valued at $35,000 after purchasing an additional 533 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. bought a new position in shares of Las Vegas Sands during the second quarter worth approximately $41,000. Institutional investors and hedge funds own 39.16% of the company’s stock.

More Las Vegas Sands News

Here are the key news stories impacting Las Vegas Sands this week:

• Positive Sentiment: Board names Patrick Dumont as chairman & CEO (effective March 1). Dumont, the company’s president and COO since 2021, will take over top leadership — a succession that signals continuity of current strategy and operations and reduces near‑term governance uncertainty. Las Vegas Sands Board of Directors Appoints Patrick Dumont as Chairman and Chief Executive Officer
• Positive Sentiment: Analyst upgrades: Zacks Research raised multiple EPS forecasts across quarters and fiscal years (including FY2026 to ~$3.08, FY2027 to ~$3.34 and FY2028 to ~$3.66, plus several quarterly boosts). Although Zacks still carries a “Hold” rating, higher estimates point to improved earnings momentum that can support the stock’s valuation.
• Neutral Sentiment: Sands China awarded consecutive “Top Employer” certification — recognition for HR practices and long employee tenure in Macao. This is positive for retention and operations but is a longer‑horizon, lower‑impact item for near‑term stock moves. Sands China Awarded 2nd Consecutive “Top Employer” Certification

Insider Activity at Las Vegas Sands

In other news, major shareholder Miriam Adelson sold 77,991 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $67.56, for a total value of $5,269,071.96. Following the completion of the transaction, the insider directly owned 23,333,441 shares in the company, valued at approximately $1,576,407,273.96. This represents a 0.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Irwin Chafetz sold 30,000 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $69.76, for a total value of $2,092,800.00. Following the sale, the director directly owned 70,949 shares in the company, valued at approximately $4,949,402.24. This trade represents a 29.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 3,082,053 shares of company stock valued at $207,130,199. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on LVS shares. Macquarie Infrastructure reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of Las Vegas Sands in a report on Thursday, January 29th. Jefferies Financial Group decreased their price target on shares of Las Vegas Sands from $78.00 to $72.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Seaport Research Partners cut their price objective on shares of Las Vegas Sands from $75.00 to $72.00 and set a “buy” rating for the company in a report on Wednesday, January 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Las Vegas Sands in a report on Monday, December 29th. Finally, Citigroup boosted their price target on Las Vegas Sands from $75.50 to $76.75 and gave the company a “buy” rating in a research note on Thursday, December 11th. Twelve investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $68.55.

Las Vegas Sands Stock Performance

Shares of NYSE:LVS opened at $57.10 on Monday. Las Vegas Sands Corp. has a 1 year low of $30.18 and a 1 year high of $70.45. The stock has a market capitalization of $38.37 billion, a price-to-earnings ratio of 24.40, a price-to-earnings-growth ratio of 1.37 and a beta of 0.93. The company has a debt-to-equity ratio of 7.58, a current ratio of 1.14 and a quick ratio of 1.13. The company’s 50 day simple moving average is $61.77 and its 200 day simple moving average is $58.65.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, January 28th. The casino operator reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.08. The firm had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.33 billion. Las Vegas Sands had a return on equity of 91.40% and a net margin of 12.50%.The company’s revenue was up 26.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 EPS. As a group, research analysts predict that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Monday, February 9th will be issued a dividend of $0.30 per share. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, February 9th. This represents a $1.20 annualized dividend and a dividend yield of 2.1%. Las Vegas Sands’s payout ratio is presently 51.28%.

About Las Vegas Sands

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.