Center for Financial Planning Inc. Buys 343 Shares of Las Vegas Sands Corp. $LVS

Center for Financial Planning Inc. boosted its stake in Las Vegas Sands Corp. (NYSE:LVS) by 31.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,440 shares of the casino operator’s stock after acquiring an additional 343 shares during the period. Center for Financial Planning Inc.’s holdings in Las Vegas Sands were worth $63,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in LVS. MassMutual Private Wealth & Trust FSB boosted its holdings in 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 acquiring an additional 239 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Las Vegas Sands in the second quarter valued at $43,000. Hilltop National Bank bought a new stake in shares of Las Vegas Sands during the 2nd quarter valued at $44,000. UMB Bank n.a. boosted its holdings 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, Harbour Investments Inc. boosted its holdings in shares of Las Vegas Sands by 21.4% during the 2nd quarter. Harbour Investments Inc. now owns 1,401 shares of the casino operator’s stock valued at $61,000 after buying an additional 247 shares in the last quarter. Institutional investors own 39.16% of the company’s stock.

Insider Transactions at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 700,000 shares of Las Vegas Sands stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $58.88, for a total value of $41,216,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 1,200,000 shares of company stock valued at $70,822,000 in the last 90 days. 1.20% of the stock is owned by insiders.

Las Vegas Sands Stock Up 0.4%

NYSE:LVS opened at $59.21 on Friday. Las Vegas Sands Corp. has a twelve month low of $30.18 and a twelve month high of $59.66. The company has a market cap of $40.04 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 1.62 and a beta of 1.01. The stock has a fifty day simple moving average of $53.88 and a 200-day simple moving average of $47.75. The company has a current ratio of 0.89, a quick ratio of 1.21 and a debt-to-equity ratio of 7.42.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.16. Las Vegas Sands had a return on equity of 73.14% and a net margin of 12.69%.The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same period last year, the company earned $0.44 earnings per share. The business’s revenue for the quarter was up 24.2% compared to the same quarter last year. Analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Tuesday, November 4th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, November 4th. Las Vegas Sands’s payout ratio is 45.25%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LVS. Stifel Nicolaus upped their price target on shares of Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Mizuho upped their price target on shares of Las Vegas Sands from $56.00 to $63.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Macquarie upped their price target on shares of Las Vegas Sands from $62.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Bank of America increased their target price on shares of Las Vegas Sands from $52.50 to $58.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Finally, Susquehanna increased their target price on shares of Las Vegas Sands from $62.00 to $63.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $64.13.

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.