Tobam Sells 60,250 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Tobam trimmed its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 85.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,234 shares of the casino operator’s stock after selling 60,250 shares during the period. Tobam’s holdings in Las Vegas Sands were worth $526,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of LVS. Sanctuary Advisors LLC bought a new stake in shares of Las Vegas Sands in the second quarter worth about $619,000. Czech National Bank increased its stake in Las Vegas Sands by 3.5% in the 3rd quarter. Czech National Bank now owns 72,007 shares of the casino operator’s stock worth $3,625,000 after acquiring an additional 2,440 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Las Vegas Sands by 40.1% during the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after acquiring an additional 243 shares in the last quarter. CWM LLC boosted its position in shares of Las Vegas Sands by 16.1% during the 3rd quarter. CWM LLC now owns 10,338 shares of the casino operator’s stock valued at $520,000 after acquiring an additional 1,437 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Las Vegas Sands by 419.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,858 shares of the casino operator’s stock valued at $94,000 after purchasing an additional 1,500 shares in the last quarter. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Stock Performance

LVS stock opened at $42.28 on Friday. The firm has a market cap of $30.66 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 1.40 and a beta of 1.08. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $56.60. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. The business’s fifty day simple moving average is $49.40 and its two-hundred day simple moving average is $46.82.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 43.76% and a net margin of 12.80%. Analysts predict that Las Vegas Sands Corp. will post 2.69 earnings per share for the current year.

Las Vegas Sands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Monday, February 10th will be issued a $0.25 dividend. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.37%. Las Vegas Sands’s payout ratio is presently 40.61%.

Analyst Upgrades and Downgrades

LVS has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $51.00 price target (down previously from $54.00) on shares of Las Vegas Sands in a research note on Tuesday, January 14th. Stifel Nicolaus increased their price target on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Wells Fargo & Company lowered their price objective on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Finally, Mizuho boosted their target price on Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $59.58.

Insider Buying and Selling

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 60,187 shares of Las Vegas Sands stock in a transaction on Friday, November 29th. The stock was sold at an average price of $53.02, for a total transaction of $3,191,114.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by insiders.

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.