TD Asset Management Inc lifted its position in shares of Las Vegas Sands Corp. (NYSE:LVS – Free Report) by 1.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 126,655 shares of the casino operator’s stock after buying an additional 1,520 shares during the period. TD Asset Management Inc’s holdings in Las Vegas Sands were worth $7,346,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. ZRC Wealth Management LLC purchased a new position in shares of Las Vegas Sands during the first quarter valued at approximately $29,000. Capital Advisors Ltd. LLC lifted its stake in shares of Las Vegas Sands by 434.7% during the second quarter. Capital Advisors Ltd. LLC now owns 524 shares of the casino operator’s stock valued at $30,000 after buying an additional 426 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in shares of Las Vegas Sands by 95.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 546 shares of the casino operator’s stock valued at $32,000 after buying an additional 266 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of Las Vegas Sands during the first quarter valued at approximately $32,000. Finally, Retirement Group LLC purchased a new position in shares of Las Vegas Sands during the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 39.16% of the company’s stock.
Analysts Set New Price Targets
Several brokerages recently issued reports on LVS. UBS Group upped their price objective on shares of Las Vegas Sands from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. Morgan Stanley cut their price target on shares of Las Vegas Sands from $68.00 to $64.00 and set an “overweight” rating on the stock in a research note on Friday, October 13th. StockNews.com assumed coverage on shares of Las Vegas Sands in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Stifel Nicolaus increased their price target on shares of Las Vegas Sands from $69.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. Finally, JPMorgan Chase & Co. cut their price target on shares of Las Vegas Sands from $71.00 to $64.00 in a research note on Tuesday, September 26th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Las Vegas Sands has a consensus rating of “Moderate Buy” and a consensus target price of $69.68.
Las Vegas Sands Price Performance
Las Vegas Sands stock opened at $49.28 on Tuesday. The firm has a fifty day moving average of $47.03 and a 200-day moving average of $53.59. The firm has a market capitalization of $37.67 billion, a P/E ratio of 56.00, a PEG ratio of 3.65 and a beta of 1.19. Las Vegas Sands Corp. has a 52-week low of $41.42 and a 52-week high of $65.58. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.82.
Las Vegas Sands (NYSE:LVS – Get Free Report) last released its quarterly earnings results on Wednesday, October 18th. The casino operator reported $0.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.55. The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.72 billion. Las Vegas Sands had a net margin of 7.81% and a return on equity of 21.05%. The business’s revenue was up 178.1% on a year-over-year basis. During the same period last year, the business earned ($0.27) EPS. As a group, analysts predict that Las Vegas Sands Corp. will post 1.91 EPS for the current year.
Las Vegas Sands Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, November 7th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend was Monday, November 6th. Las Vegas Sands’s payout ratio is 90.91%.
Las Vegas Sands announced that its board has authorized a share buyback plan on Wednesday, October 18th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the casino operator to repurchase up to 5.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are 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.
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