Public Employees Retirement Association of Colorado Has $2.31 Million Stock Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Public Employees Retirement Association of Colorado decreased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,281 shares of the casino operator’s stock after selling 935 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Las Vegas Sands were worth $2,313,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LVS. Vanguard Group Inc. grew its stake in shares of Las Vegas Sands by 0.6% in the first quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator’s stock worth $1,918,472,000 after acquiring an additional 209,589 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Las Vegas Sands by 1.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,170,552 shares of the casino operator’s stock worth $1,663,219,000 after purchasing an additional 531,799 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Las Vegas Sands by 15.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock worth $502,307,000 after purchasing an additional 1,536,754 shares during the period. Fisher Asset Management LLC raised its position in shares of Las Vegas Sands by 6.3% during the fourth quarter. Fisher Asset Management LLC now owns 11,263,604 shares of the casino operator’s stock valued at $554,282,000 after buying an additional 669,052 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Las Vegas Sands by 13.4% in the fourth quarter. Wellington Management Group LLP now owns 5,356,682 shares of the casino operator’s stock valued at $263,602,000 after buying an additional 633,028 shares during the period. Institutional investors and hedge funds own 39.16% of the company’s stock.

Wall Street Analysts Forecast Growth

LVS has been the topic of several research reports. Stifel Nicolaus lowered their price target on Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. StockNews.com lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Jefferies Financial Group decreased their price target on shares of Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. Argus cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Finally, Barclays decreased their target price on shares of Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.25.

Las Vegas Sands Stock Performance

NYSE LVS opened at $42.13 on Tuesday. Las Vegas Sands Corp. has a 1-year low of $36.62 and a 1-year high of $55.65. The company has a 50 day moving average of $40.02 and a 200-day moving average of $44.48. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 3.29. The firm has a market cap of $31.39 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 1.12 and a beta of 1.11.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01). The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.82 billion. Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 EPS. On average, equities analysts forecast that Las Vegas Sands Corp. will post 2.46 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Tuesday, August 6th. Las Vegas Sands’s dividend payout ratio is currently 38.65%.

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.