Stratos Wealth Advisors LLC Sells 10,536 Shares of Las Vegas Sands Corp. $LVS

Key Points

• Stratos Wealth Advisors LLC reduced its stake in Las Vegas Sands Corp. by **38.6%**, selling **10,536 shares** and leaving them with **16,772 shares** valued at approximately **$730,000**.
• Analysts have set new price targets for Las Vegas Sands, with Macquarie raising its target to **$58.00** and UBS Group increasing it to **$65.00**, indicating a generally **positive outlook** on the stock.
• The company reported **$3.18 billion** in revenue for the last quarter, surpassing expectations, and is anticipated to have an **EPS of 2.6** for the current year.

Stratos Wealth Advisors LLC lowered its stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 38.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Achmea Investment Management B.V. lifted its position in shares of Las Vegas Sands by 55.4% in the first quarter. Achmea Investment Management B.V. now owns 31,411 shares of the casino operator's stock worth $1,213,000 after buying an additional 11,197 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Las Vegas Sands by 18.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,005 shares of the casino operator's stock worth $1,489,000 after acquiring an additional 6,057 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Las Vegas Sands by 69.3% during the 1st quarter. American Century Companies Inc. now owns 567,101 shares of the casino operator's stock worth $21,907,000 after acquiring an additional 232,091 shares in the last quarter. Northern Trust Corp boosted its position in shares of Las Vegas Sands by 0.4% during the 1st quarter. Northern Trust Corp now owns 3,101,190 shares of the casino operator's stock valued at $119,799,000 after acquiring an additional 12,593 shares during the last quarter. Finally, Ground Swell Capital LLC purchased a new position in shares of Las Vegas Sands in the first quarter valued at $225,000. Hedge funds and other institutional investors own 39.16% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on LVS shares. Macquarie increased their price objective on shares of Las Vegas Sands from $52.00 to $58.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. UBS Group increased their price target on shares of Las Vegas Sands from $55.00 to $65.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. Wall Street Zen upgraded Las Vegas Sands from a "hold" rating to a "buy" rating in a research report on Sunday, September 7th. JPMorgan Chase & Co. upgraded Las Vegas Sands from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $56.00 to $60.00 in a research report on Thursday. Finally, Susquehanna lowered their price objective on Las Vegas Sands from $59.00 to $58.00 and set a "positive" rating for the company in a research note on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $60.47.

Las Vegas Sands Stock Performance

Shares of NYSE:LVS opened at $48.55 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 6.53. The company has a market capitalization of $33.33 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 1.78 and a beta of 1.01. Las Vegas Sands Corp. has a 12 month low of $30.18 and a 12 month high of $58.05. The firm's 50-day moving average is $53.44 and its 200 day moving average is $46.13.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. The company's revenue for the quarter was up 15.0% compared to the same quarter last year. Research analysts predict that Las Vegas Sands Corp. will post 2.6 EPS 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 2.1%. The ex-dividend date of this dividend was Tuesday, August 5th. Las Vegas Sands's dividend payout ratio is 50.51%.

About Las Vegas Sands

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.

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