Private Advisor Group LLC Purchases 1,314 Shares of Las Vegas Sands Corp. (LVS)
Private Advisor Group LLC boosted its position in Las Vegas Sands Corp. (NYSE:LVS) by 15.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,096 shares of the casino operator’s stock after purchasing an additional 1,314 shares during the quarter. Private Advisor Group LLC’s holdings in Las Vegas Sands were worth $643,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LVS. Janus Henderson Group PLC boosted its stake in Las Vegas Sands by 183.0% in the 2nd quarter. Janus Henderson Group PLC now owns 3,241,450 shares of the casino operator’s stock valued at $207,090,000 after purchasing an additional 2,095,879 shares during the period. Bank of New York Mellon Corp boosted its stake in Las Vegas Sands by 40.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,506,795 shares of the casino operator’s stock valued at $415,720,000 after purchasing an additional 1,886,376 shares during the period. Investec Asset Management LTD boosted its stake in Las Vegas Sands by 90.9% in the 3rd quarter. Investec Asset Management LTD now owns 3,437,448 shares of the casino operator’s stock valued at $220,547,000 after purchasing an additional 1,637,248 shares during the period. Capital World Investors boosted its stake in Las Vegas Sands by 14.5% in the 2nd quarter. Capital World Investors now owns 9,998,000 shares of the casino operator’s stock valued at $638,772,000 after purchasing an additional 1,263,000 shares during the period. Finally, American Century Companies Inc. boosted its stake in Las Vegas Sands by 41.3% in the 2nd quarter. American Century Companies Inc. now owns 3,509,869 shares of the casino operator’s stock valued at $224,246,000 after purchasing an additional 1,025,607 shares during the period. Institutional investors and hedge funds own 37.47% of the company’s stock.
Shares of Las Vegas Sands Corp. (LVS) traded up $0.76 during midday trading on Monday, reaching $70.36. The company’s stock had a trading volume of 2,842,000 shares, compared to its average volume of 3,250,259. The firm has a market cap of $55,620.00, a PE ratio of 25.31 and a beta of 1.80. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.07 and a quick ratio of 1.05. Las Vegas Sands Corp. has a 52-week low of $51.35 and a 52-week high of $70.84.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 21st will be issued a dividend of $0.73 per share. The ex-dividend date is Wednesday, December 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.15%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 110.19%.
In other Las Vegas Sands news, Director George Jamieson purchased 1,000 shares of the stock in a transaction dated Tuesday, November 14th. The stock was bought at an average price of $66.96 per share, with a total value of $66,960.00. Following the acquisition, the director now owns 6,488 shares of the company’s stock, valued at $434,436.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.10% of the stock is currently owned by insiders.
Several analysts recently issued reports on LVS shares. Gabelli boosted their price target on Las Vegas Sands from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research raised Las Vegas Sands from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Friday, October 13th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Las Vegas Sands in a report on Sunday, September 3rd. Roth Capital initiated coverage on Las Vegas Sands in a report on Wednesday, October 25th. They issued a “buy” rating and a $69.00 price objective for the company. Finally, Morgan Stanley lifted their price objective on Las Vegas Sands from $63.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $65.77.
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Las Vegas Sands 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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