Tobam Sells 60,250 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Tobam decreased its stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 85.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,234 shares of the casino operator's stock after selling 60,250 shares during the period. Tobam's holdings in Las Vegas Sands were worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Janus Henderson Group PLC raised its position in shares of Las Vegas Sands by 159.6% in the 3rd quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator's stock worth $459,630,000 after acquiring an additional 5,612,975 shares in the last quarter. ARGA Investment Management LP increased its position in Las Vegas Sands by 32.0% in the 4th quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator's stock valued at $333,911,000 after buying an additional 1,577,042 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Las Vegas Sands by 1.4% in the third quarter. The Manufacturers Life Insurance Company now owns 5,627,422 shares of the casino operator's stock worth $283,284,000 after acquiring an additional 77,807 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Las Vegas Sands by 2.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,659,427 shares of the casino operator's stock valued at $133,876,000 after acquiring an additional 57,739 shares in the last quarter. Finally, Bamco Inc. NY lifted its holdings in shares of Las Vegas Sands by 29.2% in the 3rd quarter. Bamco Inc. NY now owns 1,581,075 shares of the casino operator's stock worth $79,591,000 after purchasing an additional 357,234 shares in the last quarter. 39.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on LVS. Citigroup raised their price target on shares of Las Vegas Sands from $64.50 to $67.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Susquehanna increased their target price on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a "positive" rating in a report on Wednesday, October 16th. Macquarie boosted their target price on Las Vegas Sands from $57.00 to $58.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Mizuho increased their price target on Las Vegas Sands from $52.00 to $57.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Finally, Morgan Stanley restated an "equal weight" rating and issued a $51.00 price objective (down previously from $54.00) on shares of Las Vegas Sands in a research note on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $59.58.

Insider Transactions at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 60,187 shares of the company's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.91% of the company's stock.

Las Vegas Sands Stock Performance

Shares of NYSE:LVS traded down $0.14 during midday trading on Tuesday, reaching $41.53. 2,574,353 shares of the company traded hands, compared to its average volume of 6,055,987. The firm's fifty day moving average price is $48.75 and its two-hundred day moving average price is $46.90. The firm has a market capitalization of $30.11 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 1.32 and a beta of 1.08. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. Las Vegas Sands Corp. has a 12 month low of $36.62 and a 12 month high of $56.60.

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

Las Vegas Sands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th will be given a dividend of $0.25 per share. This is a positive change from Las Vegas Sands's previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Monday, February 10th. Las Vegas Sands's payout ratio is 40.61%.

Las Vegas Sands Company 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.