State of Alaska Department of Revenue Sells 2,095 Shares of Las Vegas Sands Corp. $LVS

State of Alaska Department of Revenue lowered its position in Las Vegas Sands Corp. (NYSE:LVS) by 5.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,155 shares of the casino operator’s stock after selling 2,095 shares during the period. State of Alaska Department of Revenue’s holdings in Las Vegas Sands were worth $1,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Patton Fund Management Inc. bought a new stake in Las Vegas Sands in the second quarter worth about $267,000. CX Institutional increased its position in shares of Las Vegas Sands by 13.0% during the second quarter. CX Institutional now owns 7,432 shares of the casino operator’s stock worth $323,000 after acquiring an additional 856 shares during the period. Maridea Wealth Management LLC purchased a new position in shares of Las Vegas Sands during the second quarter worth approximately $1,025,000. Public Employees Retirement System of Ohio increased its position in shares of Las Vegas Sands by 28.5% during the second quarter. Public Employees Retirement System of Ohio now owns 438,028 shares of the casino operator’s stock worth $19,059,000 after acquiring an additional 97,048 shares during the period. Finally, Ballentine Partners LLC purchased a new position in shares of Las Vegas Sands during the second quarter worth approximately $215,000. Institutional investors own 39.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on LVS shares. Susquehanna reduced their target price on shares of Las Vegas Sands from $59.00 to $58.00 and set a “positive” rating on the stock in a research report on Monday, July 21st. UBS Group raised their target price on shares of Las Vegas Sands from $55.00 to $65.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Citigroup reaffirmed a “buy” rating on shares of Las Vegas Sands in a research report on Wednesday, July 9th. Macquarie raised their target price on shares of Las Vegas Sands from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Finally, Morgan Stanley raised their target price on shares of Las Vegas Sands from $50.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.80.

Las Vegas Sands Price Performance

NYSE LVS opened at $51.07 on Friday. The firm’s fifty day simple moving average is $53.95 and its two-hundred day simple moving average is $45.44. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 6.53. Las Vegas Sands Corp. has a 12-month low of $30.18 and a 12-month high of $58.05. The firm has a market capitalization of $35.05 billion, a P/E ratio of 25.79, a P/E/G ratio of 1.98 and a beta of 1.01.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.26. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $2.83 billion. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 earnings per share. Analysts forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Tuesday, August 5th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.0%. Las Vegas Sands’s payout ratio is 50.51%.

Las Vegas Sands Company 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.