State Board of Administration of Florida Retirement System Sells 10,455 Shares of Las Vegas Sands Corp. (LVS)

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State Board of Administration of Florida Retirement System lowered its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 2.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 525,252 shares of the casino operator’s stock after selling 10,455 shares during the period. State Board of Administration of Florida Retirement System owned 0.07% of Las Vegas Sands worth $31,163,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in LVS. NN Investment Partners Holdings N.V. grew its position in Las Vegas Sands by 26.7% in the 3rd quarter. NN Investment Partners Holdings N.V. now owns 1,101,491 shares of the casino operator’s stock valued at $65,350,000 after buying an additional 232,106 shares in the last quarter. Great West Life Assurance Co. Can grew its position in Las Vegas Sands by 2.7% in the 2nd quarter. Great West Life Assurance Co. Can now owns 264,157 shares of the casino operator’s stock valued at $20,176,000 after buying an additional 7,011 shares in the last quarter. Zacks Investment Management bought a new position in Las Vegas Sands in the 2nd quarter valued at about $202,000. Andra AP fonden grew its position in Las Vegas Sands by 7.8% in the 2nd quarter. Andra AP fonden now owns 113,000 shares of the casino operator’s stock valued at $8,629,000 after buying an additional 8,200 shares in the last quarter. Finally, Bruderman Asset Management LLC bought a new position in Las Vegas Sands in the 2nd quarter valued at about $2,004,000. Institutional investors and hedge funds own 38.70% of the company’s stock.

Shares of NYSE LVS opened at $55.41 on Wednesday. Las Vegas Sands Corp. has a twelve month low of $49.28 and a twelve month high of $81.45. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.93 and a quick ratio of 1.92. The stock has a market capitalization of $44.07 billion, a price-to-earnings ratio of 18.23 and a beta of 1.59.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, October 24th. The casino operator reported $0.77 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.04). Las Vegas Sands had a net margin of 27.71% and a return on equity of 34.18%. The business had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.41 billion. On average, equities research analysts forecast that Las Vegas Sands Corp. will post 3.4 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Tuesday, December 18th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date of this dividend is Monday, December 17th. Las Vegas Sands’s dividend payout ratio is presently 98.68%.

In other Las Vegas Sands news, EVP Lawrence A. Jacobs sold 66,667 shares of the company’s stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $60.95, for a total transaction of $4,063,353.65. Following the completion of the sale, the executive vice president now directly owns 66,667 shares of the company’s stock, valued at $4,063,353.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 10.20% of the stock is currently owned by corporate insiders.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Las Vegas Sands from a “strong sell” rating to a “hold” rating in a research report on Monday, October 29th. Argus cut their price target on shares of Las Vegas Sands from $89.00 to $70.00 and set a “buy” rating for the company in a report on Friday, October 26th. Nomura cut their price target on shares of Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, October 25th. Morgan Stanley set a $68.00 price target on shares of Las Vegas Sands and gave the company a “buy” rating in a report on Thursday, October 25th. Finally, Citigroup cut their price target on shares of Las Vegas Sands to $63.00 and set a “hold” rating for the company in a report on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $73.50.

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Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

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Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

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