Las Vegas Sands Corp. $LVS Shares Sold by State of New Jersey Common Pension Fund D

04 May 2026, 05:58 by Teresa Graham · The Cerbat Gem

State of New Jersey Common Pension Fund D lessened its stake in shares of Las Vegas Sands Corp. (NYSE:LVS – Free Report) by 13.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,456 shares of the casino operator’s stock after selling 17,013 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Las Vegas Sands were worth $6,864,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of LVS. Arrowstreet Capital Limited Partnership lifted its stake in shares of Las Vegas Sands by 410.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 5,167,553 shares of the casino operator’s stock worth $277,963,000 after purchasing an additional 4,154,753 shares in the last quarter. M&T Bank Corp lifted its stake in shares of Las Vegas Sands by 33,102.6% during the fourth quarter. M&T Bank Corp now owns 3,060,288 shares of the casino operator’s stock worth $197,463,000 after purchasing an additional 3,051,071 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Las Vegas Sands by 43.8% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,454,013 shares of the casino operator’s stock worth $293,371,000 after purchasing an additional 1,660,823 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Las Vegas Sands by 64.5% during the third quarter. AQR Capital Management LLC now owns 2,819,128 shares of the casino operator’s stock worth $151,641,000 after purchasing an additional 1,105,630 shares in the last quarter. Finally, Schroder Investment Management Group lifted its stake in shares of Las Vegas Sands by 4,504.2% during the third quarter. Schroder Investment Management Group now owns 1,028,808 shares of the casino operator’s stock worth $55,340,000 after purchasing an additional 1,006,463 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Stock Up 0.1%

Shares of Las Vegas Sands stock opened at $53.85 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 8.64. The firm has a market cap of $35.68 billion, a P/E ratio of 19.94, a P/E/G ratio of 1.23 and a beta of 0.85. Las Vegas Sands Corp. has a fifty-two week low of $37.24 and a fifty-two week high of $70.45. The business has a 50-day moving average price of $54.66 and a 200 day moving average price of $59.15.

Las Vegas Sands (NYSE:LVS – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.15. The firm had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.32 billion. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.Las Vegas Sands’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 earnings per share. On average, sell-side analysts forecast that Las Vegas Sands Corp. will post 3.35 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, May 5th. Las Vegas Sands’s payout ratio is currently 44.44%.

Wall Street Analyst Weigh In

A number of brokerages have commented on LVS. Stifel Nicolaus boosted their price objective on Las Vegas Sands from $72.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Barclays boosted their price objective on Las Vegas Sands from $64.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Wall Street Zen cut Las Vegas Sands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 14th. Jefferies Financial Group boosted their price target on Las Vegas Sands from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Thursday, April 23rd. Finally, Morgan Stanley boosted their price target on Las Vegas Sands from $67.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.28.

Read Our Latest Research Report on Las Vegas Sands

Insiders Place Their Bets

In related news, CEO Patrick Dumont sold 60,165 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total value of $3,294,033.75. Following the completion of the sale, the chief executive officer directly owned 511,942 shares of the company’s stock, valued at $28,028,824.50. The trade was a 10.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.55% of the stock is currently owned by corporate insiders.

About Las Vegas Sands

(Free Report)

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.