Janney Montgomery Scott LLC Purchases 13,395 Shares of Las Vegas Sands Corp. $LVS

Janney Montgomery Scott LLC grew its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 110.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,576 shares of the casino operator’s stock after purchasing an additional 13,395 shares during the period. Janney Montgomery Scott LLC’s holdings in Las Vegas Sands were worth $1,113,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its position in shares of Las Vegas Sands by 37.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator’s stock worth $38,000 after acquiring an additional 239 shares in the last quarter. Center for Financial Planning Inc. purchased a new stake in shares of Las Vegas Sands during the 1st quarter valued at approximately $42,000. Farther Finance Advisors LLC lifted its stake in shares of Las Vegas Sands by 133.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,499 shares of the casino operator’s stock valued at $59,000 after buying an additional 856 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Las Vegas Sands by 53.8% during the 2nd quarter. UMB Bank n.a. now owns 1,361 shares of the casino operator’s stock valued at $59,000 after buying an additional 476 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in Las Vegas Sands by 27.4% during the 2nd quarter. Parallel Advisors LLC now owns 2,272 shares of the casino operator’s stock worth $99,000 after acquiring an additional 488 shares during the period. Institutional investors and hedge funds own 39.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Susquehanna decreased their target price on shares of Las Vegas Sands from $59.00 to $58.00 and set a “positive” rating on the stock in a report on Monday, July 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Las Vegas Sands in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on shares of Las Vegas Sands from $47.00 to $56.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Bank of America raised their target price on shares of Las Vegas Sands from $52.50 to $58.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Finally, Morgan Stanley increased their price target on shares of Las Vegas Sands from $50.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 11th. One equities research 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $60.20.

Las Vegas Sands Stock Performance

NYSE LVS opened at $46.40 on Tuesday. The company has a market cap of $31.85 billion, a P/E ratio of 23.44, a P/E/G ratio of 1.82 and a beta of 1.01. The company has a debt-to-equity ratio of 6.53, a quick ratio of 1.21 and a current ratio of 1.22. The business’s 50 day moving average price is $53.75 and its 200-day moving average price is $45.91. Las Vegas Sands Corp. has a fifty-two week low of $30.18 and a fifty-two week high of $58.05.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.26. The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $2.83 billion. Las Vegas Sands had a return on equity of 55.37% and a net margin of 12.16%.The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS. Sell-side analysts predict that Las Vegas Sands Corp. will post 2.6 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, August 13th. Shareholders of record on Tuesday, August 5th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, August 5th. Las Vegas Sands’s dividend payout ratio is 50.51%.

Las Vegas Sands 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.