Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund reduced its position in Las Vegas Sands Corp. (NYSE:LVS) by 7.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 12,186 shares of the casino operator’s stock after selling 965 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Las Vegas Sands were worth $630,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LVS. Delos Wealth Advisors LLC purchased a new position in shares of Las Vegas Sands during the fourth quarter worth about $33,000. Venturi Wealth Management LLC increased its stake in shares of Las Vegas Sands by 150.4% during the 4th quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock worth $34,000 after purchasing an additional 409 shares in the last quarter. Mizuho Securities Co. Ltd. acquired a new position in shares of Las Vegas Sands during the 4th quarter worth approximately $39,000. Accent Capital Management LLC acquired a new position in shares of Las Vegas Sands in the fourth quarter worth $39,000. Finally, Vestor Capital LLC acquired a new position in Las Vegas Sands in the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

Shares of NYSE LVS traded down $0.16 during mid-day trading on Friday, hitting $39.18. The company had a trading volume of 6,490,774 shares, compared to its average volume of 5,705,727. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.30 and a quick ratio of 1.29. The stock has a market cap of $29.19 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 0.72 and a beta of 1.12. Las Vegas Sands Corp. has a 12 month low of $38.92 and a 12 month high of $60.47. The firm’s 50 day simple moving average is $43.40 and its two-hundred day simple moving average is $47.90.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Las Vegas Sands had a net margin of 14.08% and a return on equity of 43.61%. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period in the previous year, the firm earned $0.46 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities research analysts forecast that Las Vegas Sands Corp. will post 2.49 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, August 6th. This represents a $0.80 annualized dividend and a yield of 2.04%. Las Vegas Sands’s payout ratio is 38.65%.

Wall Street Analysts Forecast Growth

LVS has been the topic of a number of analyst reports. Susquehanna decreased their target price on shares of Las Vegas Sands from $59.00 to $51.00 and set a “positive” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft lowered their target price on Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday. Morgan Stanley decreased their target price on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Mizuho reduced 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. Finally, Macquarie decreased their price objective on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Las Vegas Sands has a consensus rating of “Moderate Buy” and an average price target of $58.00.

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.