Private Advisor Group LLC Makes New $230,000 Investment in Las Vegas Sands Corp. (NYSE:LVS)

Private Advisor Group LLC purchased a new stake in Las Vegas Sands Corp. (NYSE:LVS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,560 shares of the casino operator’s stock, valued at approximately $230,000.

Other institutional investors also recently modified their holdings of the company. Waldron Private Wealth LLC grew its stake in Las Vegas Sands by 2.2% in the 3rd quarter. Waldron Private Wealth LLC now owns 12,466 shares of the casino operator’s stock valued at $628,000 after buying an additional 268 shares during the last quarter. Leo Wealth LLC boosted its holdings in Las Vegas Sands by 18.1% during the third quarter. Leo Wealth LLC now owns 18,397 shares of the casino operator’s stock valued at $926,000 after acquiring an additional 2,820 shares during the period. Signaturefd LLC grew its position in shares of Las Vegas Sands by 7.8% in the third quarter. Signaturefd LLC now owns 3,510 shares of the casino operator’s stock valued at $177,000 after purchasing an additional 253 shares during the last quarter. U S Global Investors Inc. bought a new position in shares of Las Vegas Sands in the third quarter worth about $433,000. Finally, Oldfield Partners LLP acquired a new position in shares of Las Vegas Sands during the 3rd quarter worth about $317,000. Institutional investors own 39.16% of the company’s stock.

Insider Activity at Las Vegas Sands

In other Las Vegas Sands 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 transaction of $6,405,744.33. Following the completion of the sale, the chief executive officer now owns 84,511 shares of the company’s stock, valued at approximately $4,540,776.03. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on LVS shares. Mizuho lifted their price target on Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Barclays increased their price target on shares of Las Vegas Sands from $52.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Morgan Stanley lifted their target price on Las Vegas Sands from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Macquarie cut their price target on Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Las Vegas Sands Price Performance

NYSE:LVS opened at $51.46 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. The firm has a market cap of $37.31 billion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 1.35 and a beta of 1.11. Las Vegas Sands Corp. has a 12 month low of $36.62 and a 12 month high of $55.65. The company’s 50-day moving average price is $47.26 and its two-hundred day moving average price is $44.54.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.09). The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.55 earnings per share. On average, equities analysts anticipate that Las Vegas Sands Corp. will post 2.35 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio (DPR) is 39.60%.

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.