Private Advisor Group LLC grew its position in shares of Las Vegas Sands Corp. (NYSE: LVS) by 25.7% in the 3rd quarter, Holdings Channel reports. The fund owned 20,260 shares of the casino operator's stock after buying an additional 4,143 shares during the quarter. Private Advisor Group LLC's holdings in Las Vegas Sands were worth $ 1,202,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of LVS. BlackRock Inc. raised its stake in Las Vegas Sands by 20.5% in the second quarter. BlackRock Inc. now owns 19,856,347 shares of the casino operator's stock worth $ 1,516,232,000 after buying an additional 3,371,432 shares in the last quarter. Wells Fargo & Company MN raised its stake in Las Vegas Sands by 9.4% in the second quarter. Wells Fargo & Company MN now owns 4,549,810 shares of the casino operator's stock worth $ 347,424,000 after buying an additional 391,634 shares in the last quarter. Schroder Investment Management Group raised its stake in Las Vegas Sands by 58.4% in the second quarter. Schroder Investment Management Group now owns 3,132,036 shares of the casino operator's stock worth $ 236,844,000 after buying an additional 1,154,672 shares in the last quarter. Northern Trust Corp raised its stake in Las Vegas Sands by 8.6% in the second quarter. Northern Trust Corp now owns 2,776,337 shares of the casino operator's stock worth $ 212,002,000 after buying an additional 220,931 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its stake in Las Vegas Sands by 15.8% in the second quarter. Epoch Investment Partners Inc. now owns 2,663,032 shares of the casino operator's stock worth $ 203,350,000 after buying an additional 362,869 shares in the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.
In other Las Vegas Sands news, EVP Lawrence A. Jacobs sold 66,667 shares of the company's stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $ 60.95, for a total value of $ 4,063,353.65. Following the sale, the executive vice president now owns 66,667 shares in the company, valued at $ 4,063,353.65. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 10.20% of the stock is currently owned by corporate insiders.
Shares of LVS opened at $ 53.81 on Friday. The stock has a market capitalization of $ 41.12 billion, a price-to-earnings ratio of 15.30 and a beta of 1.59. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.92 and a current ratio of 1.93. Las Vegas Sands Corp. has a fifty-two week low of $ 49.28 and a fifty-two week high of $ 81.45.
Las Vegas Sands (NYSE: LVS) last announced its quarterly earnings data on Wednesday, October 24th. The casino operator reported $ 0.77 earnings per share for the quarter, missing the Zacks' consensus estimation of $ 0.81 by ($ 0.04). The business had revenue of $ 3.37 billion during the quarter, compared to analysts' expectations of $ 3.41 billion. Las Vegas Sands had a return on equity of 34.18% and a net margin of 27.71%. As a group, equities analysts predict that Las Vegas Sands Corp. will post 3.4 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Tuesday, December 18th will be issued a $ 0.75 dividend. This represents a $ 3.00 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date is Monday, December 17th. Las Vegas Sands's dividend payout ratio (DPR) is currently 98.68%.
A number of research firms recently issued reports on LVS. Stifel Nicolaus decreased their price target on shares of Las Vegas Sands from $ 88.00 to $ 86.00 and set a "buy" rating for the company in a research note on Thursday, July 26th. Goldman Sachs Group downgraded shares of Las Vegas Sands from a "conviction-buy" rating to a "buy" rating in a research note on Friday, October 19th. Nomura decreased their price target on shares of Las Vegas Sands from $ 70.00 to $ 60.00 and set a "neutral" rating for the company in a research note on Thursday, October 25th. Zacks Investment Research raised shares of Las Vegas Sands from a "strong sell" rating to a "hold" rating in a research note on Monday, October 29th. Finally, Morgan Stanley decreased their price target on shares of Las Vegas Sands from $ 86.00 to $ 85.00 and set an "overweight" rating for the company in a research note on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company's stock. The stock presently has an average rating of "Hold" and a consensus price target of $ 74.03.
Las Vegas Sands Company Profile
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, The Parisian Macao, The Macao Plaza and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and iconic Marina Bay Sands in Singapore.
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