Toronto Dominion Bank Decreases Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

Toronto Dominion Bank lowered its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 29.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 128,749 shares of the casino operator's stock after selling 53,247 shares during the period. Toronto Dominion Bank's holdings in Las Vegas Sands were worth $6,481,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC lifted its holdings in Las Vegas Sands by 21.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 42,842 shares of the casino operator's stock worth $1,896,000 after buying an additional 7,544 shares during the period. Blue Trust Inc. boosted its holdings in Las Vegas Sands by 24.5% in the second quarter. Blue Trust Inc. now owns 4,210 shares of the casino operator's stock valued at $186,000 after acquiring an additional 828 shares during the last quarter. Raymond James & Associates boosted its holdings in Las Vegas Sands by 99.9% in the second quarter. Raymond James & Associates now owns 274,342 shares of the casino operator's stock valued at $12,140,000 after acquiring an additional 137,071 shares during the last quarter. Penn Davis Mcfarland Inc. increased its position in Las Vegas Sands by 1.0% during the 2nd quarter. Penn Davis Mcfarland Inc. now owns 404,749 shares of the casino operator's stock valued at $17,910,000 after purchasing an additional 3,908 shares during the period. Finally, Ninety One UK Ltd bought a new position in Las Vegas Sands during the 2nd quarter worth approximately $2,641,000. Institutional investors and hedge funds own 39.16% of the company's stock.

Analyst Ratings Changes

LVS has been the subject of several recent analyst reports. Susquehanna increased their price objective on shares of Las Vegas Sands from $51.00 to $59.00 and gave the stock a "positive" rating in a research report on Wednesday, October 16th. Mizuho increased their price target on Las Vegas Sands from $52.00 to $57.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Stifel Nicolaus boosted their price objective on Las Vegas Sands from $55.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Wells Fargo & Company raised their target price 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. Finally, UBS Group boosted their price target on Las Vegas Sands from $49.00 to $50.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $58.42.

Las Vegas Sands Stock Up 0.1 %

NYSE LVS traded up $0.07 during trading hours on Friday, hitting $53.87. The company's stock had a trading volume of 3,378,846 shares, compared to its average volume of 5,686,731. The company has a market capitalization of $39.06 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 1.44 and a beta of 1.10. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09. Las Vegas Sands Corp. has a 52 week low of $36.62 and a 52 week high of $56.60. The company's 50-day simple moving average is $51.85 and its two-hundred day simple moving average is $45.63.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its 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). Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter in the prior year, the business earned $0.55 EPS. The firm's revenue for the quarter was down 4.0% compared to the same quarter last year. Research analysts anticipate that Las Vegas Sands Corp. will post 2.33 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Tuesday, November 5th. Las Vegas Sands's dividend payout ratio is 39.60%.

Insider Transactions at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 60,187 shares of Las Vegas Sands stock in a transaction on Friday, November 29th. The stock was sold at an average price of $53.02, for a total transaction of $3,191,114.74. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert G. Goldstein sold 24,324 shares of the company's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $52.00, for a total value of $1,264,848.00. Following the completion of the transaction, the chief executive officer now owns 60,187 shares of the company's stock, valued at $3,129,724. This trade represents a 28.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 203,732 shares of company stock worth $10,861,707 in the last quarter. 0.91% of the stock is currently owned by corporate insiders.

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.