Stratos Wealth Advisors LLC Lowers Stock Holdings in Las Vegas Sands Corp. $LVS

Stratos Wealth Advisors LLC reduced its stake in Las Vegas Sands Corp. (NYSE:LVS) by 38.6% during the second quarter, Holdings Channel.com reports. The fund owned 16,772 shares of the casino operator’s stock after selling 10,536 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Las Vegas Sands were worth $730,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of LVS. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Las Vegas Sands by 37.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator’s stock valued at $38,000 after purchasing an additional 239 shares during the period. Center for Financial Planning Inc. bought a new stake in Las Vegas Sands during the 1st quarter valued at $42,000. Hilltop National Bank purchased a new stake in shares of Las Vegas Sands in the 2nd quarter worth $44,000. Farther Finance Advisors LLC grew its position 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 worth $59,000 after buying an additional 856 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Las Vegas Sands by 53.8% during the second 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 during the period. Institutional investors own 39.16% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Argus lifted their price objective on Las Vegas Sands from $60.00 to $65.00 in a report on Tuesday, September 23rd. The Goldman Sachs Group lowered their price target on shares of Las Vegas Sands from $59.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. Wall Street Zen raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Sunday, September 7th. Citigroup reaffirmed a “buy” rating on shares of Las Vegas Sands in a research report on Wednesday, July 9th. Finally, Macquarie upped their price objective on Las Vegas Sands from $52.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.47.

Las Vegas Sands Price Performance

NYSE LVS opened at $48.55 on Friday. Las Vegas Sands Corp. has a 1 year low of $30.18 and a 1 year high of $58.05. The company has a market cap of $33.33 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 1.78 and a beta of 1.01. 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 stock’s fifty day moving average price is $53.44 and its 200 day moving average price is $46.13.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, July 23rd. The casino operator reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.26. Las Vegas Sands had a return on equity of 55.37% and a net margin of 12.16%.The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the firm earned $0.55 earnings per share. Las Vegas Sands’s revenue for the quarter was up 15.0% on a year-over-year basis. As a group, equities research analysts forecast that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Tuesday, August 5th were paid a $0.25 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%. Las Vegas Sands’s dividend payout ratio is presently 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.