Venturi Wealth Management LLC Has $31,000 Stake in Las Vegas Sands Corp. (NYSE:LVS)

Venturi Wealth Management LLC reduced its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 42.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 624 shares of the casino operator’s stock after selling 465 shares during the quarter. Venturi Wealth Management LLC’s holdings in Las Vegas Sands were worth $31,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. GAMMA Investing LLC grew 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 valued at $43,000 after purchasing an additional 243 shares in the last quarter. Signaturefd LLC increased its stake 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 worth $177,000 after acquiring an additional 253 shares during the last quarter. Waldron Private Wealth LLC raised its holdings in shares of Las Vegas Sands by 2.2% during the third quarter. Waldron Private Wealth LLC now owns 12,466 shares of the casino operator’s stock worth $628,000 after acquiring an additional 268 shares in the last quarter. CVA Family Office LLC boosted its position in Las Vegas Sands by 118.8% during the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after purchasing an additional 304 shares during the last quarter. Finally, Western Pacific Wealth Management LP grew its stake in Las Vegas Sands by 53.5% in the first quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator’s stock valued at $50,000 after purchasing an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Insider Buying and Selling

In other Las Vegas Sands news, 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 transaction of $1,264,848.00. Following the completion of the transaction, the chief executive officer now owns 60,187 shares in the company, valued at $3,129,724. This trade represents a 28.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is owned by company insiders.

Las Vegas Sands Price Performance

Shares of Las Vegas Sands stock opened at $47.96 on Friday. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. The company has a market cap of $34.77 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 1.31 and a beta of 1.11. The firm has a fifty day moving average price of $48.72 and a two-hundred day moving average price of $44.73. Las Vegas Sands Corp. has a fifty-two week low of $36.62 and a fifty-two week high of $55.65.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.79 billion. During the same period last year, the business earned $0.55 earnings per share. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. Analysts expect that Las Vegas Sands Corp. will post 2.33 EPS for the current year.

Las Vegas Sands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.80 annualized dividend and a yield of 1.67%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 39.60%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on LVS shares. 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 research note on Thursday, July 25th. JPMorgan Chase & Co. lifted their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Morgan Stanley increased their price target on shares of Las Vegas Sands from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Finally, Susquehanna increased their target price on shares of 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 investment 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $58.00.

Las Vegas Sands 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.