New York State Common Retirement Fund Sells 29,812 Shares of Las Vegas Sands Corp. (NYSE:LVS)

New York State Common Retirement Fund decreased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 726,388 shares of the casino operator's stock after selling 29,812 shares during the quarter. New York State Common Retirement Fund owned about 0.10% of Las Vegas Sands worth $35,746,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new position in Las Vegas Sands in the 3rd quarter valued at approximately $27,000. Western Pacific Wealth Management LP acquired a new position in Las Vegas Sands in the 3rd quarter valued at approximately $29,000. CNB Bank acquired a new position in Las Vegas Sands in the 3rd quarter valued at approximately $32,000. Venturi Wealth Management LLC raised its holdings in Las Vegas Sands by 150.4% in the 4th quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator's stock valued at $34,000 after acquiring an additional 409 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its holdings in Las Vegas Sands by 617.3% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 911 shares of the casino operator's stock valued at $45,000 after acquiring an additional 784 shares in the last quarter. Institutional investors own 39.16% of the company's stock.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $52.06, for a total value of $5,206,000.00. Following the transaction, the chief executive officer now directly owns 172,801 shares in the company, valued at approximately $8,996,020.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.91% of the company's stock.

Las Vegas Sands Price Performance

NYSE LVS traded down $0.12 during trading hours on Friday, reaching $45.43. 4,932,130 shares of the company's stock were exchanged, compared to its average volume of 4,779,081. The stock has a market cap of $33.85 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 0.85 and a beta of 1.16. Las Vegas Sands Corp. has a one year low of $43.77 and a one year high of $65.58. The firm has a fifty day moving average of $51.18 and a 200-day moving average of $49.63. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 2.96.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.13. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.94 billion. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. The business's quarterly revenue was up 34.9% compared to the same quarter last year. During the same period last year, the company earned $0.28 EPS. On average, equities research analysts predict that Las Vegas Sands Corp. will post 2.65 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.76%. Las Vegas Sands's payout ratio is 38.65%.

Analyst Ratings Changes

Several equities analysts have commented on LVS shares. Mizuho cut their price target on Las Vegas Sands from $70.00 to $65.00 and set a "buy" rating for the company in a report on Thursday, April 18th. JPMorgan Chase & Co. dropped their target price on Las Vegas Sands from $59.00 to $55.00 and set an "overweight" rating for the company in a report on Thursday, April 18th. Citigroup increased their target price on Las Vegas Sands from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, April 18th. Stifel Nicolaus dropped their target price on Las Vegas Sands from $70.00 to $65.00 and set a "buy" rating for the company in a report on Thursday, April 18th. Finally, Morgan Stanley increased their target price on Las Vegas Sands from $61.00 to $62.00 and gave the stock an "overweight" rating in a report on Tuesday, April 9th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Las Vegas Sands presently has an average rating of "Moderate Buy" and a consensus price target of $63.46.

About Las Vegas Sands

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.