Janney Montgomery Scott LLC Acquires 21,012 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Janney Montgomery Scott LLC raised its stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 99.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of LVS. CVA Family Office LLC boosted its position in shares of Las Vegas Sands by 118.8% in the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator's stock valued at $28,000 after acquiring an additional 304 shares during the period. Bank & Trust Co bought a new stake in shares of Las Vegas Sands in the second quarter valued at about $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 valued at $40,000 after acquiring an additional 437 shares during the period. GAMMA Investing LLC boosted its position in shares of Las Vegas Sands by 40.1% in the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator's stock valued at $43,000 after acquiring an additional 243 shares during the period. Finally, Western Pacific Wealth Management LP boosted its position in shares of 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 acquiring an additional 338 shares during the period. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on LVS shares. Stifel Nicolaus upped their price objective on shares of Las Vegas Sands from $55.00 to $64.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Macquarie cut their price objective on shares of Las Vegas Sands from $58.00 to $56.00 and set an "outperform" rating for the company in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Las Vegas Sands from $61.00 to $55.00 and set a "buy" rating for the company in a research report on Thursday, July 25th. Morgan Stanley upped their price objective on shares of 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, 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 equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $58.00.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 24,324 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now owns 60,187 shares of the company's stock, valued at approximately $3,129,724. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Las Vegas Sands news, CEO Robert G. Goldstein sold 24,324 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now owns 60,187 shares of the company's stock, valued at approximately $3,129,724. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert G. Goldstein sold 119,221 shares of the 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 sale, the chief executive officer now directly owns 84,511 shares of the company's stock, valued at $4,540,776.03. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.91% of the company's stock.

Las Vegas Sands Trading Up 0.5 %

Shares of Las Vegas Sands stock traded up $0.27 on Wednesday, hitting $49.53. The stock had a trading volume of 5,492,707 shares, compared to its average volume of 5,807,078. The stock has a 50 day moving average of $48.19 and a 200 day moving average of $44.66. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $55.65. 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 firm has a market capitalization of $35.91 billion, a P/E ratio of 24.44, a PEG ratio of 1.30 and a beta of 1.11.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings data 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). Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same period in the prior year, the company earned $0.55 EPS. The business's quarterly revenue was down 4.0% compared to the same quarter last year. Sell-side analysts expect that Las Vegas Sands Corp. will post 2.33 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders 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 of this dividend is Tuesday, November 5th. Las Vegas Sands's dividend payout ratio is presently 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.