Las Vegas Sands Corp. (NYSE:LVS) Shares Purchased by Planning Capital Management Corp

Planning Capital Management Corp raised its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 827.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 927 shares of the casino operator’s stock after purchasing an additional 827 shares during the quarter. Planning Capital Management Corp’s holdings in Las Vegas Sands were worth $47,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. CVA Family Office LLC lifted its holdings in shares of Las Vegas Sands by 118.8% in the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after purchasing an additional 304 shares during the last quarter. Bank & Trust Co bought a new stake in shares of Las Vegas Sands in the 2nd quarter worth approximately $29,000. Ashton Thomas Securities LLC bought a new stake in Las Vegas Sands during the 3rd quarter valued at $34,000. Capital Performance Advisors LLP bought a new stake in Las Vegas Sands during the 3rd quarter valued at $43,000. Finally, GAMMA Investing LLC raised its stake in Las Vegas Sands by 40.1% during the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after acquiring an additional 243 shares in the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on LVS shares. StockNews.com downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. UBS Group lifted their price target on Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Wells Fargo & Company lifted their price target on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. lifted their target price on Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, Morgan Stanley lifted their target price on Las Vegas Sands from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Insider Activity

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 119,221 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total value of $6,405,744.33. Following the transaction, the chief executive officer now directly owns 84,511 shares of the company’s stock, valued at $4,540,776.03. This trade represents a 58.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.91% of the stock is currently owned by company insiders.

Las Vegas Sands Price Performance

LVS stock opened at $48.53 on Friday. The stock has a 50-day moving average price of $48.39 and a two-hundred day moving average price of $44.69. The stock has a market cap of $35.19 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 1.31 and a beta of 1.11. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 year high of $55.65.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same period last year, the business earned $0.55 EPS. The business’s revenue was down 4.0% on a year-over-year basis. Equities analysts forecast that Las Vegas Sands Corp. will post 2.33 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio is currently 39.60%.

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.