Planning Capital Management Corp Boosts Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Planning Capital Management Corp raised its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 827.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 927 shares of the casino operator’s stock after purchasing an additional 827 shares during the quarter. Planning Capital Management Corp’s holdings in Las Vegas Sands were worth $47,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. CVA Family Office LLC raised its holdings in shares of Las Vegas Sands by 118.8% in the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after acquiring an additional 304 shares in the last quarter. Bank & Trust Co bought a new stake in shares of Las Vegas Sands in the second quarter valued at about $29,000. Ashton Thomas Securities LLC bought a new stake in shares of Las Vegas Sands in the third quarter valued at about $34,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Las Vegas Sands by 93.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock worth $40,000 after purchasing an additional 437 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Las Vegas Sands by 40.1% in the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after purchasing an additional 243 shares in the last quarter. 39.16% of the stock is currently owned by institutional investors.

Insider Transactions at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 119,221 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $53.73, for a total value of $6,405,744.33. Following the transaction, the chief executive officer now owns 84,511 shares in the company, valued at approximately $4,540,776.03. The trade was a 58.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

LVS has been the subject of a number of recent research reports. Stifel Nicolaus boosted their target price on shares of Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Barclays boosted their price target on Las Vegas Sands from $52.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. boosted their price target on Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. StockNews.com lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Wells Fargo & Company boosted their price target on Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Las Vegas Sands Stock Performance

Shares of LVS stock opened at $48.53 on Friday. The stock has a fifty day moving average price of $48.39 and a 200 day moving average price of $44.69. The stock has a market cap of $35.19 billion, a PE ratio of 24.02, a P/E/G ratio of 1.31 and a beta of 1.11. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 year high of $55.65. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The business’s revenue was down 4.0% compared to the same quarter last year. During the same period last year, the firm earned $0.55 earnings per share. Sell-side analysts forecast that Las Vegas Sands Corp. will post 2.33 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Tuesday, November 5th. Las Vegas Sands’s payout ratio is 39.60%.

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.