Las Vegas Sands Corp. (NYSE:LVS) Shares Bought by Raymond James & Associates

Raymond James & Associates lifted its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 82.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 499,852 shares of the casino operator’s stock after acquiring an additional 225,510 shares during the period. Raymond James & Associates’ holdings in Las Vegas Sands were worth $25,163,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in LVS. CVA Family Office LLC boosted its stake in Las Vegas Sands by 118.8% in the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after buying an additional 304 shares during the last quarter. Bank & Trust Co acquired a new stake in shares of Las Vegas Sands in the second quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Las Vegas Sands by 93.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock worth $40,000 after acquiring an additional 437 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in Las Vegas Sands in the first quarter valued at approximately $43,000. Finally, GAMMA Investing LLC increased its position in Las Vegas Sands by 40.1% during the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after purchasing an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft dropped their price target on Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. UBS Group lowered Las Vegas Sands from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $70.00 to $49.00 in a research note on Friday, August 23rd. Wells Fargo & Company increased their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Finally, StockNews.com cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.92.

Las Vegas Sands Price Performance

Shares of LVS stock opened at $52.47 on Friday. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $55.65. The company has a market capitalization of $39.09 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 1.48 and a beta of 1.12. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 3.29. The firm has a fifty day simple moving average of $44.94 and a 200-day simple moving average of $44.40.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the prior year, the business earned $0.55 earnings per share. The firm’s revenue was down 4.0% on a year-over-year basis. Equities research analysts anticipate that Las Vegas Sands Corp. will post 2.45 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, November 5th. This represents a $0.80 annualized dividend and a yield of 1.52%. Las Vegas Sands’s dividend payout ratio is presently 38.65%.

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.