TD Asset Management Inc. cut its position in Las Vegas Sands Corp. (NYSE:LVS) by 23.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 205,487 shares of the casino operator’s stock after selling 63,389 shares during the quarter. TD Asset Management Inc.’s holdings in Las Vegas Sands were worth $10,696,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of LVS. Cornerstone Advisors Inc. grew its holdings in shares of Las Vegas Sands by 99.6% during the 4th quarter. Cornerstone Advisors Inc. now owns 487 shares of the casino operator’s stock valued at $25,000 after purchasing an additional 243 shares during the last quarter. Dakota Wealth Management grew its holdings in shares of Las Vegas Sands by 3.7% during the 4th quarter. Dakota Wealth Management now owns 8,403 shares of the casino operator’s stock valued at $499,000 after purchasing an additional 300 shares during the last quarter. Enterprise Financial Services Corp grew its holdings in shares of Las Vegas Sands by 98.4% during the 4th quarter. Enterprise Financial Services Corp now owns 891 shares of the casino operator’s stock valued at $46,000 after purchasing an additional 442 shares during the last quarter. North Star Investment Management Corp. grew its holdings in shares of Las Vegas Sands by 3.2% during the 4th quarter. North Star Investment Management Corp. now owns 16,225 shares of the casino operator’s stock valued at $845,000 after purchasing an additional 500 shares during the last quarter. Finally, Bartlett & Co. LLC bought a new stake in Las Vegas Sands during the 4th quarter worth approximately $26,000. Institutional investors own 36.50% of the company’s stock.
Las Vegas Sands stock opened at $59.60 on Tuesday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.92 and a current ratio of 1.93. Las Vegas Sands Corp. has a 12-month low of $47.39 and a 12-month high of $81.45. The firm has a market cap of $46.70 billion, a P/E ratio of 17.95 and a beta of 1.43.
Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, January 23rd. The casino operator reported $0.77 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.08). Las Vegas Sands had a net margin of 17.58% and a return on equity of 32.48%. The company had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.52 billion. During the same quarter in the previous year, the firm earned $0.88 EPS. The firm’s revenue was up 2.5% on a year-over-year basis. On average, equities research analysts expect that Las Vegas Sands Corp. will post 3.18 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Wednesday, March 20th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date of this dividend is Tuesday, March 19th. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.75. Las Vegas Sands’s payout ratio is presently 90.36%.
LVS has been the topic of a number of research reports. HSBC raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Monday, October 15th. Bank of America reaffirmed a “hold” rating and issued a $60.00 price objective on shares of Las Vegas Sands in a research note on Tuesday, October 16th. Goldman Sachs Group lowered shares of Las Vegas Sands from a “conviction-buy” rating to a “buy” rating in a research note on Friday, October 19th. Citigroup reduced their price objective on shares of Las Vegas Sands to $63.00 and set a “hold” rating on the stock in a research note on Thursday, October 25th. Finally, Morgan Stanley set a $68.00 price objective on shares of Las Vegas Sands and gave the company a “buy” rating in a research note on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $71.34.
About Las Vegas Sands
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.
Further Reading: Quick Ratio
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