Toronto Dominion Bank boosted its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 47.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,730 shares of the casino operator’s stock after purchasing an additional 11,852 shares during the quarter. Toronto Dominion Bank’s holdings in Las Vegas Sands were worth $2,359,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in LVS. Janus Henderson Group PLC raised its stake in shares of Las Vegas Sands by 183.0% in the 2nd quarter. Janus Henderson Group PLC now owns 3,241,450 shares of the casino operator’s stock worth $207,090,000 after buying an additional 2,095,879 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Las Vegas Sands by 40.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,506,795 shares of the casino operator’s stock worth $415,720,000 after acquiring an additional 1,886,376 shares during the last quarter. Capital World Investors grew its holdings in shares of Las Vegas Sands by 14.5% in the 2nd quarter. Capital World Investors now owns 9,998,000 shares of the casino operator’s stock worth $638,772,000 after acquiring an additional 1,263,000 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Las Vegas Sands by 41.3% in the 2nd quarter. American Century Companies Inc. now owns 3,509,869 shares of the casino operator’s stock worth $224,246,000 after acquiring an additional 1,025,607 shares during the last quarter. Finally, Maverick Capital Ltd. grew its holdings in shares of Las Vegas Sands by 169.2% during the second quarter. Maverick Capital Ltd. now owns 1,369,589 shares of the casino operator’s stock valued at $87,503,000 after buying an additional 860,856 shares in the last quarter. Institutional investors and hedge funds own 37.47% of the company’s stock.
LVS has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Las Vegas Sands from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Wednesday, November 8th. Stifel Nicolaus reiterated a “buy” rating on shares of Las Vegas Sands in a report on Sunday, September 3rd. Morgan Stanley upgraded Las Vegas Sands from an “equal weight” rating to an “overweight” rating and set a $65.00 target price on the stock in a research note on Monday, November 6th. Gabelli boosted their target price on Las Vegas Sands from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Nomura boosted their target price on Las Vegas Sands from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, October 26th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Las Vegas Sands currently has an average rating of “Buy” and an average price target of $65.77.
Las Vegas Sands Corp. (NYSE:LVS) traded up $0.85 during midday trading on Thursday, reaching $69.60. The company had a trading volume of 1,829,073 shares, compared to its average volume of 3,251,991. Las Vegas Sands Corp. has a 1-year low of $51.35 and a 1-year high of $70.46. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.05 and a current ratio of 1.07. The company has a market cap of $54,890.93, a price-to-earnings ratio of 24.98 and a beta of 1.80.
Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.10. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.14 billion. Las Vegas Sands had a return on equity of 31.11% and a net margin of 16.80%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.72 EPS. research analysts anticipate that Las Vegas Sands Corp. will post 2.87 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 21st will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 4.20%. The ex-dividend date is Wednesday, December 20th. Las Vegas Sands’s payout ratio is presently 110.19%.
In other Las Vegas Sands news, Director George Jamieson acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were acquired at an average price of $66.96 per share, with a total value of $66,960.00. Following the purchase, the director now owns 6,488 shares of the company’s stock, valued at approximately $434,436.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 10.10% of the company’s stock.
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Las Vegas Sands Company Profile
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.
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