California Public Employees Retirement System Sells 49,044 Shares of Las Vegas Sands Corp. (NYSE:LVS)

California Public Employees Retirement System decreased its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 599,451 shares of the casino operator's stock after selling 49,044 shares during the quarter. California Public Employees Retirement System owned approximately 0.08% of Las Vegas Sands worth $30,788,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of LVS. Mirae Asset Global Investments Co. Ltd. raised its holdings in Las Vegas Sands by 32.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,948 shares of the casino operator's stock worth $1,707,000 after acquiring an additional 8,032 shares during the period. ARGA Investment Management LP lifted its holdings in shares of Las Vegas Sands by 32.0% during the 4th quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator's stock worth $333,911,000 after acquiring an additional 1,577,042 shares during the period. Fisher Asset Management LLC lifted its position in shares of Las Vegas Sands by 1.2% during the 4th quarter. Fisher Asset Management LLC now owns 13,810,351 shares of the casino operator's stock worth $709,300,000 after buying an additional 160,711 shares during the period. World Equity Group Inc. boosted its stake in shares of Las Vegas Sands by 82.9% in the 4th quarter. World Equity Group Inc. now owns 25,602 shares of the casino operator's stock valued at $1,315,000 after purchasing an additional 11,602 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Las Vegas Sands by 19.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 50,087 shares of the casino operator's stock valued at $2,572,000 after buying an additional 8,326 shares in the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

LVS has been the subject of several research reports. Citigroup raised their price objective on shares of Las Vegas Sands from $64.50 to $67.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Macquarie upped their target price on shares of Las Vegas Sands from $57.00 to $58.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Barclays dropped their price target on Las Vegas Sands from $61.00 to $58.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 29th. Morgan Stanley cut their price objective on shares of Las Vegas Sands from $51.00 to $49.00 and set an "equal weight" rating on the stock in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. cut their target price on Las Vegas Sands from $62.00 to $61.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $59.42.

Las Vegas Sands Stock Performance

Shares of LVS traded down $1.26 during mid-day trading on Monday, reaching $32.11. The company's stock had a trading volume of 10,016,286 shares, compared to its average volume of 5,974,042. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. The business has a 50-day simple moving average of $42.65 and a two-hundred day simple moving average of $47.64. Las Vegas Sands Corp. has a 1-year low of $31.42 and a 1-year high of $56.61. The stock has a market cap of $22.99 billion, a P/E ratio of 16.30, a PEG ratio of 1.41 and a beta of 0.99.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its earnings results on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a net margin of 12.80% and a return on equity of 45.82%. As a group, equities research analysts anticipate that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This is a boost from Las Vegas Sands's previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 3.11%. Las Vegas Sands's dividend payout ratio (DPR) is currently 50.76%.

Las Vegas Sands 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.