Toronto Dominion Bank Sells 8,688 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Toronto Dominion Bank trimmed its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,061 shares of the casino operator’s stock after selling 8,688 shares during the period. Toronto Dominion Bank’s holdings in Las Vegas Sands were worth $6,166,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Bank of Jackson Hole Trust acquired a new position in shares of Las Vegas Sands during the fourth quarter valued at about $26,000. UMB Bank n.a. raised its position in shares of 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 last quarter. Optiver Holding B.V. acquired a new position in shares of Las Vegas Sands during the fourth quarter valued at about $32,000. Brown Brothers Harriman & Co. acquired a new position in shares of Las Vegas Sands during the fourth quarter valued at about $36,000. Finally, Wilmington Savings Fund Society FSB raised its position in shares of 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 last quarter. 39.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LVS has been the subject of a number of research analyst reports. Mizuho set a $47.00 price objective on shares of Las Vegas Sands in a research report on Thursday, April 24th. Macquarie cut their price objective on shares of 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 cut their price objective on shares of 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 shares of Las Vegas Sands and gave the company a “buy” rating in a research report on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and an average target price of $56.75.

Las Vegas Sands Stock Performance

NYSE LVS opened at $40.31 on Thursday. The firm has a market cap of $28.48 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 1.41 and a beta of 0.99. The company has a 50 day moving average of $37.57 and a 200-day moving average of $44.38. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. Las Vegas Sands Corp. has a 1-year low of $30.18 and a 1-year high of $56.61.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, April 23rd. The casino operator reported $0.59 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 the consensus estimate of $2.95 billion. Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. The firm’s revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the company earned $0.78 earnings per share. On average, equities 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Tuesday, May 6th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $1.00 dividend on an annualized basis and a yield of 2.48%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 55.56%.

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

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.