Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank trimmed its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Oppenheimer & Co. Inc. increased its holdings in Las Vegas Sands by 3.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 6,505 shares of the casino operator's stock valued at $334,000 after buying an additional 231 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in Las Vegas Sands by 45.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 760 shares of the casino operator's stock valued at $39,000 after buying an additional 238 shares during the period. UMB Bank n.a. increased its holdings in Las Vegas Sands by 73.5% during the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator's stock valued at $30,000 after buying an additional 247 shares during the period. E Fund Management Co. Ltd. increased its holdings in Las Vegas Sands by 4.7% during the fourth quarter. E Fund Management Co. Ltd. now owns 5,595 shares of the casino operator's stock valued at $287,000 after buying an additional 250 shares during the period. Finally, RiverFront Investment Group LLC increased its holdings in Las Vegas Sands by 2.6% during the fourth quarter. RiverFront Investment Group LLC now owns 10,257 shares of the casino operator's stock valued at $527,000 after buying an additional 257 shares during the period. 39.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Macquarie cut their price target on shares of Las Vegas Sands from $58.00 to $52.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Barclays cut their price target on shares of Las Vegas Sands from $58.00 to $53.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Hsbc Global Res raised shares of Las Vegas Sands to a "strong-buy" rating in a report on Thursday, April 24th. Finally, Stifel Nicolaus set a $57.00 price target on shares of Las Vegas Sands and gave the stock a "buy" rating in a report on Thursday, April 24th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $56.75.

Las Vegas Sands Stock Performance

NYSE LVS traded up $1.96 on Tuesday, reaching $41.76. 1,265,246 shares of the company's stock traded hands, compared to its average volume of 6,107,095. The firm has a market cap of $29.51 billion, a price-to-earnings ratio of 21.13, a P/E/G ratio of 1.41 and a beta of 0.99. The stock has a 50 day moving average price of $37.34 and a 200-day moving average price of $44.05. Las Vegas Sands Corp. has a fifty-two week low of $30.18 and a fifty-two week high of $56.61. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 0.74.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). The business had revenue of $2.86 billion for the quarter, compared to analyst estimates 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 prior year, the firm earned $0.78 earnings per share. Equities research analysts predict that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Tuesday, May 6th were given a $0.25 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.39%. Las Vegas Sands's dividend payout ratio (DPR) is currently 55.56%.

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

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.