State Board of Administration of Florida Retirement System Increases Position in Las Vegas Sands Corp. (NYSE:LVS)

State Board of Administration of Florida Retirement System boosted its stake in shares of Las Vegas Sands Corp. (NYSE:LVSFree Report) by 0.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 368,541 shares of the casino operator’s stock after buying an additional 500 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Las Vegas Sands were worth $16,894,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LVS. Raymond James Financial Services Advisors Inc. lifted its holdings in Las Vegas Sands by 13.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 46,767 shares of the casino operator’s stock valued at $1,818,000 after buying an additional 5,716 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Las Vegas Sands by 17.1% in the 1st quarter. American Century Companies Inc. now owns 13,612 shares of the casino operator’s stock valued at $529,000 after purchasing an additional 1,985 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Las Vegas Sands by 6.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 33,282 shares of the casino operator’s stock valued at $1,294,000 after purchasing an additional 2,145 shares in the last quarter. Cetera Advisor Networks LLC raised its holdings in shares of Las Vegas Sands by 26.7% in the 1st quarter. Cetera Advisor Networks LLC now owns 13,502 shares of the casino operator’s stock valued at $525,000 after purchasing an additional 2,848 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Las Vegas Sands by 47.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 27,000 shares of the casino operator’s stock valued at $1,050,000 after purchasing an additional 8,711 shares in the last quarter. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Up 0.0 %

LVS stock opened at $53.62 on Monday. The firm’s fifty day simple moving average is $49.25 and its 200-day simple moving average is $49.72. The company has a market capitalization of $40.41 billion, a P/E ratio of 33.51, a price-to-earnings-growth ratio of 2.87 and a beta of 1.16. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.31 and a quick ratio of 1.30. Las Vegas Sands Corp. has a 12 month low of $43.77 and a 12 month high of $65.58.

Las Vegas Sands (NYSE:LVSGet Free Report) last announced its quarterly earnings results on Wednesday, January 24th. The casino operator reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). Las Vegas Sands had a return on equity of 34.40% and a net margin of 11.77%. The firm had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period last year, the company posted ($0.19) earnings per share. The business’s quarterly revenue was up 161.0% on a year-over-year basis. As a group, equities research analysts forecast that Las Vegas Sands Corp. will post 2.74 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Tuesday, February 6th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Monday, February 5th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 50.00%.

Las Vegas Sands declared that its board has initiated a stock buyback plan on Wednesday, October 18th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the casino operator to purchase up to 5.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

LVS has been the subject of several recent research reports. UBS Group boosted their price target on shares of Las Vegas Sands from $71.00 to $77.00 and gave the company a “buy” rating in a report on Thursday, November 16th. Stifel Nicolaus boosted their price target on shares of Las Vegas Sands from $69.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 19th. StockNews.com lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. Morgan Stanley boosted their price objective on shares of Las Vegas Sands from $59.00 to $61.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 7th. Finally, Susquehanna initiated coverage on shares of Las Vegas Sands in a research note on Friday, December 15th. They set a “positive” rating and a $59.00 price objective for the company. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and an average price target of $68.82.

Read Our Latest Analysis on LVS

Insider Buying and Selling

In related news, major shareholder Miriam Adelson sold 12,253,628 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $43.23, for a total transaction of $529,724,338.44. Following the sale, the insider now directly owns 41,134,164 shares of the company’s stock, valued at $1,778,229,909.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.91% of the stock is currently owned by insiders.

Las Vegas Sands Company Profile

(Free Report)

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.

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

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