Toronto Dominion Bank Has $6.17 Million Stake in Las Vegas Sands Corp. (NYSE:LVS)

Toronto Dominion Bank reduced its stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 120,061 shares of the casino operator's stock after selling 8,688 shares during the quarter. Toronto Dominion Bank's holdings in Las Vegas Sands were worth $6,166,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in Las Vegas Sands by 32.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,948 shares of the casino operator's stock valued at $1,707,000 after buying an additional 8,032 shares during the last quarter. ARGA Investment Management LP grew its stake in shares of 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 purchasing an additional 1,577,042 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Las Vegas Sands by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 13,810,351 shares of the casino operator's stock valued at $709,300,000 after acquiring an additional 160,711 shares during the period. Polymer Capital Management HK LTD bought a new position in shares of Las Vegas Sands during the fourth quarter valued at $2,311,000. Finally, World Equity Group Inc. lifted its holdings in shares of Las Vegas Sands by 82.9% during the fourth quarter. World Equity Group Inc. now owns 25,602 shares of the casino operator's stock valued at $1,315,000 after acquiring an additional 11,602 shares during the period. Institutional investors and hedge funds own 39.16% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Macquarie dropped their target price on Las Vegas Sands from $58.00 to $52.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Barclays decreased their price objective on Las Vegas Sands from $58.00 to $53.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Stifel Nicolaus set a $57.00 price objective on Las Vegas Sands and gave the stock a "buy" rating in a research report on Thursday, April 24th. Hsbc Global Res raised Las Vegas Sands to a "strong-buy" rating in a research report on Thursday, April 24th. Finally, Morgan Stanley dropped their price objective on Las Vegas Sands from $47.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $56.75.

Las Vegas Sands Stock Performance

LVS stock traded down $0.11 during trading hours on Friday, hitting $41.11. 7,920,537 shares of the stock were exchanged, compared to its average volume of 6,164,250. The firm has a market capitalization of $29.05 billion, a P/E ratio of 20.87, a P/E/G ratio of 1.41 and a beta of 0.99. Las Vegas Sands Corp. has a 12 month low of $30.18 and a 12 month high of $56.61. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. The company has a 50-day simple moving average of $37.30 and a two-hundred day simple moving average of $43.89.

Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.01). The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.95 billion. Las Vegas Sands had a net margin of 12.80% and a return on equity of 45.82%. The company's revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.78 EPS. On average, analysts forecast that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Tuesday, May 6th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.43%. Las Vegas Sands's payout ratio is currently 55.56%.

Las Vegas Sands declared that its board has initiated a share buyback program on Wednesday, April 23rd that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the casino operator to repurchase up to 8.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

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.