MML Investors Services LLC Has $615,000 Stock Holdings in Las Vegas Sands Corp. (NYSE:LVS)

MML Investors Services LLC grew its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 6.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,210 shares of the casino operator’s stock after buying an additional 743 shares during the quarter. MML Investors Services LLC’s holdings in Las Vegas Sands were worth $615,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in LVS. Raymond James & Associates boosted its stake in Las Vegas Sands by 99.9% during the 2nd quarter. Raymond James & Associates now owns 274,342 shares of the casino operator’s stock valued at $12,140,000 after purchasing an additional 137,071 shares during the last quarter. Easterly Investment Partners LLC purchased a new position in shares of Las Vegas Sands during the second quarter valued at approximately $1,027,000. Bank of New York Mellon Corp grew its holdings in Las Vegas Sands by 15.7% during the second quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock worth $502,307,000 after buying an additional 1,536,754 shares in the last quarter. Argonautica Private Wealth Management Inc. raised its position in Las Vegas Sands by 23.3% in the 2nd quarter. Argonautica Private Wealth Management Inc. now owns 5,260 shares of the casino operator’s stock valued at $233,000 after buying an additional 993 shares during the last quarter. Finally, Zimmermann Investment Management & Planning LLC bought a new position in Las Vegas Sands during the 2nd quarter valued at $409,000. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LVS has been the subject of several recent analyst reports. UBS Group upped their target price on shares of Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Mizuho increased their price objective 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. Barclays boosted their target price on Las Vegas Sands from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Stifel Nicolaus increased their price target on Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Susquehanna boosted their price objective on Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $58.42.

Las Vegas Sands Stock Performance

NYSE LVS opened at $52.25 on Friday. The company’s 50 day moving average is $51.82 and its 200-day moving average is $45.90. The firm has a market cap of $37.88 billion, a P/E ratio of 25.87, a price-to-earnings-growth ratio of 1.44 and a beta of 1.10. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $56.60. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.09). The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The company’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS. Sell-side analysts predict that Las Vegas Sands Corp. will post 2.33 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Tuesday, November 5th. Las Vegas Sands’s payout ratio is presently 39.60%.

Insider Activity

In related news, CEO Robert G. Goldstein sold 60,187 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $53.02, for a total transaction of $3,191,114.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert G. Goldstein sold 24,324 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 60,187 shares in the company, valued at approximately $3,129,724. The trade was a 28.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 203,732 shares of company stock worth $10,861,707 over the last ninety days. Company insiders own 0.91% of the company’s stock.

About Las Vegas Sands

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.