Toronto Dominion Bank Has $8.05 Million Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

Toronto Dominion Bank cut its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 13.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 181,996 shares of the casino operator’s stock after selling 27,617 shares during the quarter. Toronto Dominion Bank’s holdings in Las Vegas Sands were worth $8,053,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Corient Private Wealth LLC boosted its stake in Las Vegas Sands by 1.0% during the fourth quarter. Corient Private Wealth LLC now owns 28,532 shares of the casino operator’s stock worth $1,404,000 after acquiring an additional 288 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Las Vegas Sands by 54.8% during the 4th quarter. Parallel Advisors LLC now owns 1,008 shares of the casino operator’s stock worth $50,000 after purchasing an additional 357 shares in the last quarter. TD Asset Management Inc grew its stake in shares of Las Vegas Sands by 18.5% in the 4th quarter. TD Asset Management Inc now owns 122,717 shares of the casino operator’s stock valued at $6,039,000 after buying an additional 19,165 shares during the period. Stifel Financial Corp increased its position in Las Vegas Sands by 0.6% in the 4th quarter. Stifel Financial Corp now owns 151,429 shares of the casino operator’s stock valued at $7,452,000 after buying an additional 957 shares in the last quarter. Finally, Focus Financial Network Inc. ADV acquired a new position in Las Vegas Sands during the 4th quarter worth approximately $628,000. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Stock Up 5.6 %

Las Vegas Sands stock opened at $51.12 on Friday. Las Vegas Sands Corp. has a fifty-two week low of $36.62 and a fifty-two week high of $55.65. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.57 and a current ratio of 1.58. The firm’s 50-day simple moving average is $40.45 and its 200 day simple moving average is $44.39. The stock has a market cap of $38.09 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 1.20 and a beta of 1.11.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. Las Vegas Sands’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 EPS. Research analysts predict that Las Vegas Sands Corp. will post 2.45 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Tuesday, August 6th. Las Vegas Sands’s dividend payout ratio is presently 38.65%.

Wall Street Analyst Weigh In

LVS has been the subject of a number of research reports. Jefferies Financial Group reduced their price objective on Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. Stifel Nicolaus decreased their price target on shares of Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Susquehanna dropped their price objective on shares of Las Vegas Sands from $59.00 to $51.00 and set a “positive” rating on the stock in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Finally, Macquarie dropped their price target on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $55.25.

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.