Stratos Wealth Advisors LLC decreased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 41.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,106 shares of the casino operator's stock after selling 21,005 shares during the quarter. Stratos Wealth Advisors LLC's holdings in Las Vegas Sands were worth $1,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in Las Vegas Sands during the 3rd quarter valued at $26,000. CVA Family Office LLC raised its holdings in Las Vegas Sands by 118.8% during the 3rd 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. UMB Bank n.a. raised its holdings in Las Vegas Sands by 73.5% during the 4th quarter. UMB Bank n.a. now owns 583 shares of the casino operator's stock valued at $30,000 after acquiring an additional 247 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of Las Vegas Sands in the third quarter worth $34,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Las Vegas Sands in the third quarter worth $43,000. Institutional investors own 39.16% of the company's stock.
Insider Transactions at Las Vegas Sands
In related news, CEO Robert G. Goldstein sold 60,187 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.91% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. Susquehanna upped their price target on shares of Las Vegas Sands from $51.00 to $59.00 and gave the stock a "positive" rating in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. UBS Group upped their price target on shares of Las Vegas Sands from $49.00 to $50.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Stifel Nicolaus upped their price target on shares of Las Vegas Sands from $55.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Las Vegas Sands from $62.00 to $61.00 and set an "overweight" rating on the stock in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Las Vegas Sands currently has an average rating of "Moderate Buy" and a consensus target price of $59.58.
Read Our Latest Stock Report on Las Vegas Sands
Las Vegas Sands Trading Down 1.9 %
NYSE LVS traded down $0.82 during trading on Monday, hitting $41.91. 3,544,236 shares of the company's stock traded hands, compared to its average volume of 6,078,130. The stock has a fifty day moving average of $49.02 and a two-hundred day moving average of $46.89. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $56.60. The firm has a market cap of $30.38 billion, a P/E ratio of 21.28, a PEG ratio of 1.32 and a beta of 1.08.
Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 43.76% and a net margin of 12.80%. As a group, sell-side analysts expect that Las Vegas Sands Corp. will post 2.63 EPS for the current year.
Las Vegas Sands Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.25 per share. This is a positive change from Las Vegas Sands's previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, February 10th. Las Vegas Sands's dividend payout ratio is currently 40.61%.
About Las Vegas Sands
(
Free Report)
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.
Read More
Before you consider Las Vegas Sands, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Las Vegas Sands wasn't on the list.
While Las Vegas Sands currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
