Las Vegas Sands Corp. (NYSE:LVS) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 99.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,197 shares of the casino operator’s stock after purchasing an additional 21,012 shares during the period. Janney Montgomery Scott LLC’s holdings in Las Vegas Sands were worth $2,124,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of LVS. Envestnet Portfolio Solutions Inc. grew its holdings in Las Vegas Sands by 14.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 9,820 shares of the casino operator’s stock valued at $508,000 after purchasing an additional 1,211 shares during the last quarter. Empowered Funds LLC purchased a new position in Las Vegas Sands during the 1st quarter valued at about $265,000. Edmond DE Rothschild Holding S.A. raised its position in Las Vegas Sands by 21.9% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 6,450 shares of the casino operator’s stock worth $333,000 after acquiring an additional 1,160 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Las Vegas Sands by 26.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 432,627 shares of the casino operator’s stock valued at $22,367,000 after purchasing an additional 89,263 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Las Vegas Sands in the first quarter valued at approximately $209,000. 39.16% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Trading Down 2.6 %

Shares of NYSE:LVS opened at $49.30 on Wednesday. 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 market capitalization of $35.74 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 1.32 and a beta of 1.11. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $55.65. The company has a 50 day moving average price of $47.98 and a 200 day moving average price of $44.63.

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). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, research analysts anticipate that Las Vegas Sands Corp. will post 2.33 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Tuesday, November 5th. Las Vegas Sands’s payout ratio is presently 39.60%.

Analysts Set New Price Targets

Several research firms have weighed in on LVS. Mizuho raised 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. Stifel Nicolaus boosted their target price on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Morgan Stanley upped their target price on shares of Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Finally, Macquarie reduced their price objective on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Insider Buying and Selling at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 24,324 shares of Las Vegas Sands stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the completion of the sale, the chief executive officer now owns 60,187 shares of the company’s stock, valued at approximately $3,129,724. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Robert G. Goldstein sold 24,324 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert G. Goldstein sold 119,221 shares of Las Vegas Sands stock in a transaction that occurred 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 $4,540,776.03. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.91% of the company’s stock.

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.