Las Vegas Sands Corp. (NYSE:LVS) Stock Position Decreased by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC lowered its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 41.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 29,106 shares of the casino operator’s stock after selling 21,005 shares during the period. Stratos Wealth Advisors LLC’s holdings in Las Vegas Sands were worth $1,495,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LVS. Wilmington Savings Fund Society FSB bought a new stake in shares of Las Vegas Sands in the 3rd quarter worth approximately $26,000. CVA Family Office LLC increased its position 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 buying an additional 304 shares during the period. UMB Bank n.a. lifted its stake in Las Vegas Sands by 73.5% in the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock valued at $30,000 after buying an additional 247 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Las Vegas Sands during the third quarter valued at $34,000. Finally, GAMMA Investing LLC grew its position in shares of Las Vegas Sands by 40.1% during the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after acquiring an additional 243 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Las Vegas Sands Price Performance

NYSE:LVS opened at $42.28 on Friday. Las Vegas Sands Corp. has a 52-week low of $36.62 and a 52-week high of $56.60. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. The firm has a market cap of $30.66 billion, a P/E ratio of 21.46, a PEG ratio of 1.40 and a beta of 1.08. The business’s 50-day moving average price is $49.40 and its 200 day moving average price is $46.82.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 43.76% and a net margin of 12.80%. As a group, sell-side analysts predict that Las Vegas Sands Corp. will post 2.69 earnings per share for the current fiscal year.

Las Vegas Sands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, February 10th. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 2.37%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 40.61%.

Analyst Ratings Changes

Several brokerages recently weighed in on LVS. UBS Group lifted their price objective on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Macquarie raised their target price on Las Vegas Sands from $57.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Jefferies Financial Group raised Las Vegas Sands from a “hold” rating to a “buy” rating and lifted their target price for the company from $60.00 to $69.00 in a research note on Friday, January 3rd. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $51.00 price target (down previously from $54.00) on shares of Las Vegas Sands in a research note on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Las Vegas Sands has an average rating of “Moderate Buy” and an average price target of $59.58.

Insider Transactions at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 60,187 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Las Vegas Sands Company 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.