Louisiana State Employees Retirement System Cuts Stake in Las Vegas Sands Corp. (NYSE:LVS)

Louisiana State Employees Retirement System lessened its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 3.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 19,900 shares of the casino operator’s stock after selling 800 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Las Vegas Sands were worth $1,002,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. GAMMA Investing LLC raised its stake in Las Vegas Sands by 40.1% in the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after buying an additional 243 shares during the last quarter. Signaturefd LLC lifted its position in Las Vegas Sands by 7.8% during the 3rd quarter. Signaturefd LLC now owns 3,510 shares of the casino operator’s stock worth $177,000 after acquiring an additional 253 shares during the period. Waldron Private Wealth LLC raised its stake in shares of Las Vegas Sands by 2.2% in the third quarter. Waldron Private Wealth LLC now owns 12,466 shares of the casino operator’s stock worth $628,000 after purchasing an additional 268 shares during the last quarter. CVA Family Office LLC lifted its holdings in shares of Las Vegas Sands by 118.8% during the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after purchasing an additional 304 shares during the period. Finally, Western Pacific Wealth Management LP boosted its position in Las Vegas Sands by 53.5% in the first quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator’s stock valued at $50,000 after buying an additional 338 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Robert G. Goldstein sold 119,221 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $53.73, for a total value of $6,405,744.33. Following the transaction, the chief executive officer now owns 84,511 shares in the company, valued at $4,540,776.03. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.91% of the stock is owned by company insiders.

Las Vegas Sands Trading Down 0.2 %

Shares of LVS stock opened at $51.73 on Monday. The stock has a 50 day simple moving average of $46.61 and a 200-day simple moving average of $44.42. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $55.65. The company has a market cap of $37.51 billion, a price-to-earnings ratio of 25.61, a PEG ratio of 1.36 and a beta of 1.11. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 1.57.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. The business’s revenue was down 4.0% on a year-over-year basis. On average, equities research analysts expect that Las Vegas Sands Corp. will post 2.35 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Monday, November 4th. Las Vegas Sands’s payout ratio is 39.60%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on LVS shares. Wells Fargo & Company raised their price target on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Barclays increased their price target on Las Vegas Sands from $52.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Morgan Stanley boosted their price objective on Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. raised their target price on Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $57.92.

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.