Las Vegas Sands Corp. (LVS) Position Lifted by Janney Montgomery Scott LLC
Janney Montgomery Scott LLC increased its position in Las Vegas Sands Corp. (NYSE:LVS) by 6.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 86,867 shares of the casino operator’s stock after buying an additional 4,884 shares during the period. Janney Montgomery Scott LLC’s holdings in Las Vegas Sands were worth $5,573,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of LVS. Global X Management Co. LLC boosted its holdings in shares of Las Vegas Sands by 8.3% during the 2nd quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock valued at $106,000 after purchasing an additional 126 shares during the last quarter. Ffcm LLC boosted its holdings in shares of Las Vegas Sands by 90.9% during the 2nd quarter. Ffcm LLC now owns 2,436 shares of the casino operator’s stock valued at $153,000 after purchasing an additional 1,160 shares during the last quarter. San Francisco Sentry Investment Group CA bought a new position in shares of Las Vegas Sands during the 3rd quarter valued at about $181,000. Chase Investment Counsel Corp bought a new position in shares of Las Vegas Sands during the 3rd quarter valued at about $200,000. Finally, Birinyi Associates Inc. bought a new position in shares of Las Vegas Sands during the 2nd quarter valued at about $201,000. 37.47% of the stock is owned by institutional investors.
Shares of Las Vegas Sands Corp. (NYSE LVS) traded up $0.75 during midday trading on Thursday, hitting $70.83. 3,623,200 shares of the stock traded hands, compared to its average volume of 3,246,641. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.07 and a quick ratio of 1.05. The stock has a market cap of $55,990.00, a PE ratio of 25.21 and a beta of 1.80. Las Vegas Sands Corp. has a 52-week low of $51.35 and a 52-week high of $71.42.
Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.10. The firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Las Vegas Sands had a net margin of 16.80% and a return on equity of 31.11%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 EPS. equities analysts forecast that Las Vegas Sands Corp. will post 2.87 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 21st will be given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend is Wednesday, December 20th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 110.19%.
In other news, Director George Jamieson acquired 1,000 shares of Las Vegas Sands stock in a transaction that occurred on Tuesday, November 14th. The shares were bought at an average cost of $66.96 per share, with a total value of $66,960.00. Following the transaction, the director now directly owns 6,488 shares of the company’s stock, valued at approximately $434,436.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 10.10% of the company’s stock.
Several research analysts have commented on LVS shares. Zacks Investment Research raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Wednesday, November 8th. Stifel Nicolaus reissued a “buy” rating on shares of Las Vegas Sands in a report on Sunday, September 3rd. Morgan Stanley raised shares of Las Vegas Sands from an “equal weight” rating to an “overweight” rating and set a $65.00 price objective for the company in a report on Monday, November 6th. Gabelli increased their price objective on shares of Las Vegas Sands from $60.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, Nomura increased their price objective on shares of Las Vegas Sands from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, October 26th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Las Vegas Sands currently has a consensus rating of “Buy” and an average target price of $65.77.
Las Vegas Sands Company Profile
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.
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