Farther Finance Advisors LLC Has $33,000 Stock Holdings in Las Vegas Sands Corp. $LVS

Farther Finance Advisors LLC trimmed its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 49.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 765 shares of the casino operator’s stock after selling 734 shares during the period. Farther Finance Advisors LLC’s holdings in Las Vegas Sands were worth $33,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LVS. Nuveen LLC bought a new position in Las Vegas Sands in the 1st quarter worth approximately $183,836,000. Vanguard Group Inc. increased its stake in shares of Las Vegas Sands by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 41,249,208 shares of the casino operator’s stock valued at $1,593,457,000 after buying an additional 2,267,307 shares during the period. ARGA Investment Management LP increased its stake in shares of Las Vegas Sands by 12.9% in the 1st quarter. ARGA Investment Management LP now owns 7,342,577 shares of the casino operator’s stock valued at $283,644,000 after buying an additional 841,195 shares during the period. Invesco Ltd. boosted its position in shares of Las Vegas Sands by 9.1% in the 1st quarter. Invesco Ltd. now owns 9,442,798 shares of the casino operator’s stock worth $364,775,000 after purchasing an additional 790,952 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Las Vegas Sands by 6.5% during the first quarter. Bank of New York Mellon Corp now owns 12,415,492 shares of the casino operator’s stock worth $479,610,000 after acquiring an additional 752,944 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Wall Street Analysts Forecast Growth

LVS has been the topic of a number of recent research reports. Wall Street Zen raised Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Sunday, September 7th. Macquarie boosted their price target on Las Vegas Sands from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. The Goldman Sachs Group cut their target price on Las Vegas Sands from $59.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. Citigroup restated a “buy” rating on shares of Las Vegas Sands in a report on Wednesday, July 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Las Vegas Sands in a research note on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $60.20.

Las Vegas Sands Price Performance

Shares of NYSE LVS opened at $51.81 on Wednesday. Las Vegas Sands Corp. has a 1 year low of $30.18 and a 1 year high of $58.05. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.22 and a quick ratio of 1.21. The company’s 50-day moving average is $53.93 and its 200 day moving average is $45.59. The stock has a market capitalization of $35.56 billion, a P/E ratio of 26.17, a P/E/G ratio of 1.88 and a beta of 1.01.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.26. The business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $2.83 billion. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The business’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.55 earnings per share. On average, sell-side analysts expect that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Tuesday, August 5th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Tuesday, August 5th. Las Vegas Sands’s payout ratio is currently 50.51%.

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.