California Public Employees Retirement System Has $31.59 Million Stake in Las Vegas Sands Corp. (NYSE:LVS)

California Public Employees Retirement System decreased its position in Las Vegas Sands Corp. (NYSE:LVS) by 1.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 641,915 shares of the casino operator’s stock after selling 10,305 shares during the period. California Public Employees Retirement System owned about 0.08% of Las Vegas Sands worth $31,589,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MCF Advisors LLC purchased a new stake in Las Vegas Sands in the 4th quarter worth approximately $269,000. CWM LLC lifted its position in Las Vegas Sands by 28.7% in the 4th quarter. CWM LLC now owns 9,310 shares of the casino operator’s stock worth $458,000 after buying an additional 2,076 shares in the last quarter. Signaturefd LLC lifted its position in Las Vegas Sands by 36.3% in the 4th quarter. Signaturefd LLC now owns 3,842 shares of the casino operator’s stock worth $189,000 after buying an additional 1,024 shares in the last quarter. Lindbrook Capital LLC lifted its position in Las Vegas Sands by 12.7% in the 4th quarter. Lindbrook Capital LLC now owns 3,894 shares of the casino operator’s stock worth $192,000 after buying an additional 439 shares in the last quarter. Finally, abrdn plc lifted its position in Las Vegas Sands by 24.7% in the 4th quarter. abrdn plc now owns 394,849 shares of the casino operator’s stock worth $19,431,000 after buying an additional 78,136 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

NYSE:LVS opened at $45.45 on Friday. Las Vegas Sands Corp. has a 1 year low of $43.77 and a 1 year high of $65.58. The firm’s fifty day simple moving average is $51.18 and its 200 day simple moving average is $49.65. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 2.96. The firm has a market capitalization of $33.86 billion, a PE ratio of 21.96, a PEG ratio of 0.84 and a beta of 1.16.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.13. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.94 billion. Las Vegas Sands had a net margin of 13.99% and a return on equity of 42.34%. Las Vegas Sands’s revenue was up 34.9% compared to the same quarter last year. During the same period last year, the business posted $0.28 EPS. On average, sell-side analysts anticipate that Las Vegas Sands Corp. will post 2.65 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th will be given a $0.20 dividend. The ex-dividend date is Monday, May 6th. This represents a $0.80 annualized dividend and a yield of 1.76%. Las Vegas Sands’s dividend payout ratio is 38.65%.

Wall Street Analysts Forecast Growth

LVS has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on shares of Las Vegas Sands from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. Mizuho cut their price target on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. JPMorgan Chase & Co. cut their price target on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Barclays cut their price target on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Finally, StockNews.com upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $63.46.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $52.06, for a total value of $5,206,000.00. Following the sale, the chief executive officer now directly owns 172,801 shares in the company, valued at approximately $8,996,020.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.91% of the company’s stock.

Las Vegas Sands Company 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.