Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Buckley Wealth Management LLC

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Buckley Wealth Management LLC lowered its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 22.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,769 shares of the casino operator’s stock after selling 2,600 shares during the period. Buckley Wealth Management LLC’s holdings in Las Vegas Sands were worth $506,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. State of Alaska Department of Revenue lifted its stake in shares of Las Vegas Sands by 0.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 44,121 shares of the casino operator’s stock worth $2,606,000 after acquiring an additional 173 shares during the period. Moors & Cabot Inc. lifted its stake in shares of Las Vegas Sands by 2.9% in the 2nd quarter. Moors & Cabot Inc. now owns 6,497 shares of the casino operator’s stock worth $384,000 after acquiring an additional 181 shares during the period. Alpha Cubed Investments LLC lifted its stake in shares of Las Vegas Sands by 2.9% in the 2nd quarter. Alpha Cubed Investments LLC now owns 6,561 shares of the casino operator’s stock worth $388,000 after acquiring an additional 185 shares during the period. Windward Capital Management Co. CA lifted its stake in shares of Las Vegas Sands by 0.5% in the 2nd quarter. Windward Capital Management Co. CA now owns 36,627 shares of the casino operator’s stock worth $2,164,000 after acquiring an additional 188 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of Las Vegas Sands by 5.5% in the 2nd quarter. Parallel Advisors LLC now owns 3,726 shares of the casino operator’s stock worth $220,000 after acquiring an additional 195 shares during the period. Hedge funds and other institutional investors own 36.30% of the company’s stock.

Shares of LVS traded up $2.71 during trading hours on Friday, reaching $57.50. The company had a trading volume of 468,089 shares, compared to its average volume of 8,256,574. The firm has a 50 day simple moving average of $56.21 and a 200-day simple moving average of $59.84. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $42.18 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 7.03 and a beta of 1.60. Las Vegas Sands Corp. has a 12-month low of $47.39 and a 12-month high of $69.60.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, July 24th. The casino operator reported $0.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.09). The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Las Vegas Sands had a net margin of 14.01% and a return on equity of 35.77%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 EPS. Sell-side analysts forecast that Las Vegas Sands Corp. will post 3.17 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Wednesday, September 18th were issued a dividend of $0.77 per share. The ex-dividend date was Tuesday, September 17th. This represents a $3.08 annualized dividend and a yield of 5.36%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 92.77%.

In other Las Vegas Sands news, EVP Lawrence A. Jacobs sold 66,667 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $60.16, for a total transaction of $4,010,686.72. Following the completion of the transaction, the executive vice president now directly owns 66,667 shares in the company, valued at approximately $4,010,686.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Kathleen Bender Patton sold 2,008 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $35.60, for a total transaction of $71,484.80. Company insiders own 10.50% of the company’s stock.

Several analysts have recently commented on LVS shares. Morgan Stanley reduced their target price on shares of Las Vegas Sands from $68.00 to $66.00 and set an “overweight” rating for the company in a research note on Tuesday, September 17th. Standpoint Research started coverage on shares of Las Vegas Sands in a research note on Wednesday, September 4th. They issued a “buy” rating for the company. Argus cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. reduced their target price on shares of Las Vegas Sands from $68.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. Finally, Deutsche Bank upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and increased their price target for the company from $69.00 to $70.00 in a report on Sunday, September 8th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $67.23.

About Las Vegas Sands

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

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Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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