New York State Common Retirement Fund Sells 51,696 Shares of Las Vegas Sands Corp. (LVS)

New York State Common Retirement Fund cut its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 5.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 969,400 shares of the casino operator’s stock after selling 51,696 shares during the quarter. New York State Common Retirement Fund owned approximately 0.12% of Las Vegas Sands Corp. worth $61,935,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in LVS. BlackRock Inc. lifted its holdings in Las Vegas Sands Corp. by 2,504.7% during the 1st quarter. BlackRock Inc. now owns 15,764,400 shares of the casino operator’s stock worth $899,674,000 after buying an additional 15,159,167 shares during the period. Bank of New York Mellon Corp raised its position in shares of Las Vegas Sands Corp. by 40.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,506,795 shares of the casino operator’s stock worth $415,720,000 after acquiring an additional 1,886,376 shares in the last quarter. Nicholas Investment Partners LP raised its position in shares of Las Vegas Sands Corp. by 2,418.0% in the 1st quarter. Nicholas Investment Partners LP now owns 1,500,000 shares of the casino operator’s stock worth $85,605,000 after acquiring an additional 1,440,429 shares in the last quarter. Investec Asset Management LTD bought a new position in shares of Las Vegas Sands Corp. in the 1st quarter worth about $74,167,000. Finally, American Century Companies Inc. raised its position in shares of Las Vegas Sands Corp. by 41.3% in the 2nd quarter. American Century Companies Inc. now owns 3,509,869 shares of the casino operator’s stock worth $224,246,000 after acquiring an additional 1,025,607 shares in the last quarter. 38.01% of the stock is currently owned by hedge funds and other institutional investors.

Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings results on Wednesday, July 26th. The casino operator reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.14. The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Las Vegas Sands Corp. had a net margin of 16.66% and a return on equity of 29.91%. The company’s revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 21st will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 4.59%. The ex-dividend date is Wednesday, September 20th. Las Vegas Sands Corp.’s dividend payout ratio is presently 113.18%.

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LVS has been the subject of several research analyst reports. Wells Fargo & Company reissued a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Tuesday, July 4th. Morgan Stanley reissued an “equal weight” rating and issued a $62.00 price objective (up from $58.00) on shares of Las Vegas Sands Corp. in a research report on Monday, July 10th. Stifel Nicolaus reissued a “buy” rating and issued a $72.00 price objective (up from $70.00) on shares of Las Vegas Sands Corp. in a research report on Thursday, July 27th. Bank of America Corporation reaffirmed a “buy” rating and issued a $67.00 target price (up from $65.00) on shares of Las Vegas Sands Corp. in a research report on Friday, July 21st. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $54.00 target price (up from $52.00) on shares of Las Vegas Sands Corp. in a research report on Thursday, July 27th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $63.26.

About Las Vegas Sands Corp.

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

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

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