GM Advisory Group LLC Buys 4,081 Shares of Las Vegas Sands Corp. (NYSE:LVS)

GM Advisory Group LLC lifted its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 81.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,081 shares of the casino operator’s stock after acquiring an additional 4,081 shares during the period. GM Advisory Group LLC’s holdings in Las Vegas Sands were worth $457,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LVS. CVA Family Office LLC grew 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 valued at $28,000 after acquiring an additional 304 shares during the period. Bank & Trust Co acquired a new position in Las Vegas Sands during the second quarter worth $29,000. Ashton Thomas Securities LLC bought a new position in shares of Las Vegas Sands in the third quarter valued at $34,000. Capital Performance Advisors LLP acquired a new position in shares of Las Vegas Sands during the third quarter valued at about $43,000. Finally, GAMMA Investing LLC increased 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 in the last quarter. 39.16% of the stock is owned by institutional investors.

Las Vegas Sands Trading Up 0.0 %

Shares of LVS stock opened at $50.08 on Friday. Las Vegas Sands Corp. has a 12-month low of $36.62 and a 12-month high of $55.65. 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 company has a 50 day moving average of $49.73 and a 200-day moving average of $44.86. The firm has a market cap of $36.31 billion, a P/E ratio of 24.79, a PEG ratio of 1.32 and a beta of 1.11.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.79 billion. During the same period in the prior year, the business earned $0.55 earnings per share. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. Sell-side analysts anticipate that Las Vegas Sands Corp. will post 2.33 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 39.60%.

Analyst Ratings Changes

Several equities analysts recently weighed in on LVS shares. Barclays raised their price target on shares of Las Vegas Sands from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Morgan Stanley upped their price target on Las Vegas Sands from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. UBS Group increased their target price on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, Argus cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Insiders Place Their Bets

In other news, CEO Robert G. Goldstein sold 24,324 shares of Las Vegas Sands stock in a transaction 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 transaction, the chief executive officer now directly owns 60,187 shares in the company, valued at approximately $3,129,724. The trade was a 28.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.91% of the company’s stock.

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.