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

Janney Montgomery Scott LLC boosted its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 99.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,197 shares of the casino operator’s stock after purchasing an additional 21,012 shares during the quarter. 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 hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake 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 worth $43,000 after buying an additional 243 shares during the last quarter. Signaturefd LLC raised its holdings in Las Vegas Sands by 7.8% in the 3rd 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 period. Waldron Private Wealth LLC lifted its position in Las Vegas Sands by 2.2% during the 3rd 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 during the last quarter. CVA Family Office LLC boosted its holdings 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 acquiring an additional 304 shares during the period. Finally, Western Pacific Wealth Management LP grew 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 purchasing an additional 338 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

NYSE:LVS opened at $49.30 on Wednesday. The firm has a market capitalization of $35.74 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 1.32 and a beta of 1.11. 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 Corp. has a 12-month low of $36.62 and a 12-month high of $55.65. The firm has a 50-day moving average price of $47.98 and a 200 day moving average price of $44.63.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The company had revenue of $2.68 billion during the quarter, compared to analyst estimates 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 quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 earnings per share. Research analysts anticipate that Las Vegas Sands Corp. will post 2.33 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Tuesday, November 5th. Las Vegas Sands’s payout ratio is 39.60%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price objective on 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. Wells Fargo & Company increased their price objective on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. UBS Group boosted 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 report on Tuesday, November 5th. Stifel Nicolaus increased 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, October 24th. Finally, StockNews.com lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Las Vegas Sands has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Insider Buying and Selling

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 119,221 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total value of $6,405,744.33. Following the transaction, the chief executive officer now directly owns 84,511 shares in the company, valued at $4,540,776.03. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Robert G. Goldstein sold 24,324 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the sale, the chief executive officer now owns 60,187 shares in the company, valued at approximately $3,129,724. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert G. Goldstein sold 119,221 shares of Las Vegas Sands stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total value of $6,405,744.33. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.91% of the stock is currently owned by corporate insiders.

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.