Stratos Wealth Partners LTD. Sells 901 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Stratos Wealth Partners LTD. lessened its stake in Las Vegas Sands Corp. (NYSE:LVS) by 8.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,568 shares of the casino operator’s stock after selling 901 shares during the period. Stratos Wealth Partners LTD.’s holdings in Las Vegas Sands were worth $491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in Las Vegas Sands during the 3rd quarter valued at approximately $26,000. UMB Bank n.a. lifted its stake in Las Vegas Sands by 73.5% during the 4th quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock valued at $30,000 after acquiring an additional 247 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Las Vegas Sands in the 3rd quarter valued at $34,000. Capital Performance Advisors LLP acquired a new stake in shares of Las Vegas Sands in the third quarter worth $43,000. Finally, GAMMA Investing LLC raised its holdings in shares of Las Vegas Sands by 40.1% during 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 during the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Stock Down 1.0 %

Shares of LVS opened at $41.26 on Wednesday. The stock has a 50 day moving average price of $48.75 and a 200 day moving average price of $46.90. Las Vegas Sands Corp. has a one year low of $36.62 and a one year high of $56.60. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90. The stock has a market capitalization of $29.91 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 1.32 and a beta of 1.08.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 43.76% and a net margin of 12.80%. Equities research analysts forecast that Las Vegas Sands Corp. will post 2.63 earnings per share for the current fiscal year.

Las Vegas Sands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.42%. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, February 10th. Las Vegas Sands’s dividend payout ratio (DPR) is 50.76%.

Wall Street Analyst Weigh In

Several research firms have commented on LVS. UBS Group upped their price target on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Stifel Nicolaus boosted their price target on Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Mizuho raised their price objective on shares of Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Wells Fargo & Company decreased their target price on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Finally, Morgan Stanley restated an “equal weight” rating and set a $51.00 price target (down previously from $54.00) on shares of Las Vegas Sands in a research report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Las Vegas Sands has an average rating of “Moderate Buy” and a consensus price target of $59.58.

Insider Activity

In related news, CEO Robert G. Goldstein sold 60,187 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.20% of the company’s stock.

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.