Las Vegas Sands Corp. $LVS Shares Sold by TD Asset Management Inc

Key Points

• TD Asset Management Inc reduced its holdings in Las Vegas Sands Corp. by 20.4% during the second quarter, now owning 154,149 shares valued at approximately $6.7 million.
• Analysts show mixed sentiment, with Citigroup maintaining a "buy" rating, while Barclays raised its price target from $57 to $58.
• Las Vegas Sands recently announced a quarterly dividend of $0.25 per share, yielding 2.1%, reflecting a payout ratio of 50.51%.

TD Asset Management Inc trimmed its holdings in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 20.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 154,149 shares of the casino operator's stock after selling 39,526 shares during the period. TD Asset Management Inc's holdings in Las Vegas Sands were worth $6,707,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Las Vegas Sands by 37.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator's stock worth $38,000 after purchasing an additional 239 shares during the last quarter. Center for Financial Planning Inc. purchased a new position in Las Vegas Sands in the first quarter valued at approximately $42,000. Hilltop National Bank purchased a new position in Las Vegas Sands in the second quarter valued at approximately $44,000. Farther Finance Advisors LLC raised its stake in shares of Las Vegas Sands by 133.1% during the first quarter. Farther Finance Advisors LLC now owns 1,499 shares of the casino operator's stock valued at $59,000 after purchasing an additional 856 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of Las Vegas Sands by 53.8% during the second quarter. UMB Bank n.a. now owns 1,361 shares of the casino operator's stock valued at $59,000 after purchasing an additional 476 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on LVS shares. Citigroup reissued a "buy" rating on shares of Las Vegas Sands in a research report on Wednesday, July 9th. Barclays boosted their price target on shares of Las Vegas Sands from $57.00 to $58.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Weiss Ratings reiterated a "hold (c)" rating on shares of Las Vegas Sands in a research report on Wednesday, October 8th. The Goldman Sachs Group cut their price objective on Las Vegas Sands from $59.00 to $58.00 and set a "neutral" rating on the stock in a report on Wednesday, October 1st. Finally, Wall Street Zen upgraded Las Vegas Sands from a "hold" rating to a "buy" rating in a report on Sunday, September 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently 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 Monday. The business has a fifty day simple moving average of $53.44 and a 200 day simple moving average of $46.20. 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 firm has a market capitalization of $33.33 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 1.77 and a beta of 1.01. Las Vegas Sands Corp. has a one year low of $30.18 and a one year high of $58.05.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.18 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the company posted $0.55 earnings per share. The business's revenue for the quarter was up 15.0% compared to the same quarter last year. Sell-side analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Tuesday, August 5th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, August 5th. This represents a $1.00 dividend on an annualized basis and a yield of 2.1%. Las Vegas Sands's dividend payout ratio (DPR) is 50.51%.

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.

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