GM Advisory Group LLC Has $457,000 Position in Las Vegas Sands Corp. (NYSE:LVS)

GM Advisory Group LLC boosted its position in Las Vegas Sands Corp. (NYSE:LVS) by 81.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,081 shares of the casino operator’s stock after buying an additional 4,081 shares during the quarter. GM Advisory Group LLC’s holdings in Las Vegas Sands were worth $457,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of LVS. O Shaughnessy Asset Management LLC boosted its stake in shares of Las Vegas Sands by 13.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 9,494 shares of the casino operator’s stock worth $491,000 after buying an additional 1,125 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Las Vegas Sands by 47.6% during the 1st quarter. Bessemer Group Inc. now owns 4,590 shares of the casino operator’s stock worth $238,000 after purchasing an additional 1,480 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of Las Vegas Sands by 7.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 211,320 shares of the casino operator’s stock worth $10,929,000 after purchasing an additional 15,216 shares in the last quarter. Magnetar Financial LLC bought a new stake in shares of Las Vegas Sands during the 1st quarter worth approximately $525,000. Finally, Public Employees Retirement Association of Colorado raised its stake in shares of Las Vegas Sands by 2.1% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 53,216 shares of the casino operator’s stock worth $2,751,000 after purchasing an additional 1,106 shares in the last quarter. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Trading Up 0.0 %

Shares of LVS opened at $50.08 on Friday. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90. Las Vegas Sands Corp. has a 52-week low of $36.62 and a 52-week high of $55.65. The firm has a market cap of $36.31 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 1.32 and a beta of 1.11. The business’s fifty day moving average is $49.73 and its 200-day moving average is $44.86.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data 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). The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. Las Vegas Sands’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.55 earnings per share. Equities analysts anticipate that Las Vegas Sands Corp. will post 2.33 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

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

Wall Street Analyst Weigh In

LVS has been the subject of several recent analyst reports. UBS Group raised their target price on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Wells Fargo & Company lifted their target price on Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Stifel Nicolaus increased their price target on Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their price target on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Mizuho upped their price objective on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Insider Buying and Selling

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 24,324 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 60,187 shares in the company, valued at approximately $3,129,724. The trade was a 28.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.91% of the stock is owned by corporate insiders.

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.