New York State Common Retirement Fund Has $34.66 Million Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

New York State Common Retirement Fund increased its stake in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 5.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 688,547 shares of the casino operator's stock after purchasing an additional 33,273 shares during the period. New York State Common Retirement Fund owned approximately 0.09% of Las Vegas Sands worth $34,661,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its position in shares of Las Vegas Sands by 987.0% in the second quarter. The Manufacturers Life Insurance Company now owns 5,549,615 shares of the casino operator's stock worth $245,570,000 after purchasing an additional 5,039,072 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Las Vegas Sands by 58.6% during the 1st quarter. Janus Henderson Group PLC now owns 5,330,023 shares of the casino operator's stock worth $275,559,000 after buying an additional 1,968,941 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Las Vegas Sands by 15.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator's stock valued at $502,307,000 after acquiring an additional 1,536,754 shares in the last quarter. Capital Research Global Investors acquired a new stake in shares of Las Vegas Sands in the first quarter valued at about $72,550,000. Finally, Charles Lim Capital Ltd raised its holdings in Las Vegas Sands by 178.3% during the second quarter. Charles Lim Capital Ltd now owns 1,600,000 shares of the casino operator's stock worth $70,800,000 after acquiring an additional 1,025,000 shares in the last quarter. Institutional investors own 39.16% of the company's stock.

Insider Activity at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 119,221 shares of the firm's stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $53.73, for a total transaction of $6,405,744.33. Following the transaction, the chief executive officer now owns 84,511 shares in the company, valued at $4,540,776.03. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Las Vegas Sands Stock Performance

LVS traded down $0.12 during trading on Friday, hitting $51.73. The stock had a trading volume of 4,849,214 shares, compared to its average volume of 5,505,746. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 1.57. The company has a 50 day moving average price of $46.61 and a 200-day moving average price of $44.42. Las Vegas Sands Corp. has a one year low of $36.62 and a one year high of $55.65. The firm has a market cap of $37.51 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 1.36 and a beta of 1.11.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.09). Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the previous year, the firm posted $0.55 EPS. The company's revenue was down 4.0% compared to the same quarter last year. As a group, research analysts predict that Las Vegas Sands Corp. will post 2.35 EPS for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.55%. Las Vegas Sands's payout ratio is 39.60%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LVS shares. Barclays boosted their price target on Las Vegas Sands from $52.00 to $58.00 and gave the stock an "overweight" rating in a research report on Thursday, October 17th. Morgan Stanley upped their price target on shares of Las Vegas Sands from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Wells Fargo & Company upped their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an "overweight" rating in a report on Tuesday, October 1st. Finally, Argus cut Las Vegas Sands from a "buy" rating to a "hold" rating in a report on Thursday, August 15th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $57.92.

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.