Kestra Private Wealth Services LLC Trims Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

Kestra Private Wealth Services LLC trimmed its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 14.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,968 shares of the casino operator’s stock after selling 1,181 shares during the period. Kestra Private Wealth Services LLC’s holdings in Las Vegas Sands were worth $343,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in shares of Las Vegas Sands in the 3rd quarter valued at $27,000. CNB Bank purchased a new stake in shares of Las Vegas Sands during the 3rd quarter worth about $32,000. Venturi Wealth Management LLC grew its position in shares of Las Vegas Sands by 150.4% during the 4th quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock valued at $34,000 after acquiring an additional 409 shares during the period. Mizuho Securities Co. Ltd. acquired a new position in Las Vegas Sands in the 4th quarter worth about $39,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in Las Vegas Sands by 617.3% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 911 shares of the casino operator’s stock worth $45,000 after purchasing an additional 784 shares in the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their target price on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. StockNews.com upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Jefferies Financial Group decreased their price target on shares of Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating on the stock in a research note on Thursday, April 18th. Mizuho cut their price objective on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Finally, Barclays decreased their target price on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.46.

Insider Buying and Selling

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of Las Vegas Sands stock in a transaction on Friday, March 15th. The stock was sold at an average price of $52.06, for a total value of $5,206,000.00. Following the sale, the chief executive officer now owns 172,801 shares in the company, valued at $8,996,020.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is currently owned by company insiders.

Las Vegas Sands Stock Down 0.6 %

Shares of LVS opened at $46.72 on Wednesday. The stock has a fifty day simple moving average of $50.07 and a two-hundred day simple moving average of $49.71. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 2.96. The company has a market capitalization of $34.81 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 0.87 and a beta of 1.18. Las Vegas Sands Corp. has a 52-week low of $43.77 and a 52-week high of $63.51.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.13. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Las Vegas Sands had a net margin of 13.99% and a return on equity of 42.34%. Las Vegas Sands’s revenue was up 34.9% compared to the same quarter last year. During the same period last year, the business earned $0.28 earnings per share. As a group, equities analysts forecast that Las Vegas Sands Corp. will post 2.63 EPS for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Monday, May 6th. Las Vegas Sands’s dividend payout ratio is presently 38.65%.

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.