Venturi Wealth Management LLC Sells 465 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Venturi Wealth Management LLC decreased its position in Las Vegas Sands Corp. (NYSE:LVS) by 42.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund 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 reporting period.

A number of other hedge funds 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 third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after purchasing an additional 304 shares in the last quarter. Bank & Trust Co bought a new position in shares of Las Vegas Sands in the second quarter valued at about $29,000. Ashton Thomas Securities LLC acquired a new position in Las Vegas Sands during the 3rd quarter worth about $34,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Las Vegas Sands by 93.2% during the 2nd 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. Finally, GAMMA Investing LLC increased its position in Las Vegas Sands by 40.1% in the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after acquiring an additional 243 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Insider Buying and Selling

In other news, CEO Robert G. Goldstein sold 24,324 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total value of $1,264,848.00. Following the completion of the sale, the chief executive officer now directly owns 60,187 shares of the company’s stock, valued at $3,129,724. This trade represents a 28.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.91% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

LVS has been the topic of a number of research reports. UBS Group upped 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 lifted their price objective on Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Mizuho upped their target price on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. StockNews.com cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Morgan Stanley upped their price objective on shares of Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Las Vegas Sands Stock Down 1.2 %

NYSE:LVS opened at $47.96 on Friday. The firm has a market capitalization of $34.77 billion, a price-to-earnings ratio of 23.74, a price-to-earnings-growth ratio of 1.31 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 twelve month low of $36.62 and a twelve month high of $55.65. The stock’s 50 day moving average price is $48.72 and its two-hundred day moving average price is $44.73.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results 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 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 the consensus estimate of $2.79 billion. During the same period last year, the company posted $0.55 earnings per share. The business’s revenue was down 4.0% compared to the same quarter last year. Equities research 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Tuesday, November 5th. Las Vegas Sands’s payout ratio is currently 39.60%.

About Las Vegas Sands

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.