TD Asset Management Inc Has $24.13 Million Holdings in Las Vegas Sands Corp. $LVS

TD Asset Management Inc boosted its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 103.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 370,644 shares of the casino operator’s stock after buying an additional 188,292 shares during the period. TD Asset Management Inc’s holdings in Las Vegas Sands were worth $24,125,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Las Vegas Sands in the 4th quarter valued at approximately $364,892,000. Arrowstreet Capital Limited Partnership raised its position in Las Vegas Sands by 410.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 5,167,553 shares of the casino operator’s stock valued at $277,963,000 after purchasing an additional 4,154,753 shares in the last quarter. M&T Bank Corp lifted its stake in Las Vegas Sands by 33,102.6% during the fourth quarter. M&T Bank Corp now owns 3,060,288 shares of the casino operator’s stock worth $197,463,000 after purchasing an additional 3,051,071 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Las Vegas Sands by 43.8% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,454,013 shares of the casino operator’s stock worth $293,371,000 after purchasing an additional 1,660,823 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Las Vegas Sands by 18.7% in the 4th quarter. Bank of New York Mellon Corp now owns 7,893,031 shares of the casino operator’s stock valued at $513,757,000 after purchasing an additional 1,246,206 shares in the last quarter. 39.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on LVS shares. Wall Street Zen cut Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Morgan Stanley raised their price objective on Las Vegas Sands from $67.00 to $69.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Barclays boosted their target price on Las Vegas Sands from $64.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Stifel Nicolaus increased their target price on shares of Las Vegas Sands from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, Citigroup raised their price target on shares of Las Vegas Sands from $76.75 to $78.50 and gave the company a “buy” rating in a research note on Monday, April 13th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.91.

Insider Transactions at Las Vegas Sands

In related news, CEO Patrick Dumont sold 60,165 shares of Las Vegas Sands stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $54.75, for a total transaction of $3,294,033.75. Following the sale, the chief executive officer directly owned 511,942 shares in the company, valued at $28,028,824.50. This trade represents a 10.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.55% of the stock is currently owned by company insiders.

Las Vegas Sands Trading Up 0.1%

NYSE LVS opened at $50.30 on Monday. The company has a market cap of $33.33 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 1.14 and a beta of 0.81. Las Vegas Sands Corp. has a twelve month low of $40.03 and a twelve month high of $70.45. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 8.64. The business’s fifty day moving average is $52.87 and its 200 day moving average is $57.82.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.15. The business had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.59 EPS. As a group, sell-side analysts expect that Las Vegas Sands Corp. will post 3.38 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 13th. Stockholders of record on Tuesday, May 5th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.20 annualized dividend and a dividend yield of 2.4%. Las Vegas Sands’s dividend payout ratio is currently 44.44%.

About Las Vegas Sands

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.