Janney Montgomery Scott LLC cut its position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) by 98.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,183 shares of the transportation company's stock after selling 86,461 shares during the quarter. Janney Montgomery Scott LLC's holdings in Grupo Aeroportuario Del Pacifico were worth $272,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Militia Capital Partners LP bought a new stake in Grupo Aeroportuario Del Pacifico in the 1st quarter valued at about $631,000. Northern Trust Corp lifted its position in Grupo Aeroportuario Del Pacifico by 0.7% in the 1st quarter. Northern Trust Corp now owns 76,048 shares of the transportation company's stock valued at $14,108,000 after purchasing an additional 512 shares during the last quarter. Ashoka WhiteOak Capital Pte Ltd bought a new stake in Grupo Aeroportuario Del Pacifico in the 2nd quarter valued at about $804,000. SG Americas Securities LLC lifted its position in Grupo Aeroportuario Del Pacifico by 40.8% in the 1st quarter. SG Americas Securities LLC now owns 2,133 shares of the transportation company's stock valued at $396,000 after purchasing an additional 618 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in Grupo Aeroportuario Del Pacifico by 7.2% in the 1st quarter. Deutsche Bank AG now owns 813,007 shares of the transportation company's stock valued at $150,821,000 after purchasing an additional 54,495 shares during the last quarter. 11.73% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
PAC has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Weiss Ratings restated a "hold (c)" rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, October 8th. Finally, Citigroup restated a "hold" rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, September 10th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $210.00.
Check Out Our Latest Stock Analysis on PAC
Grupo Aeroportuario Del Pacifico Stock Performance
Shares of PAC opened at $218.93 on Tuesday. The firm's 50 day moving average is $241.71 and its 200-day moving average is $227.07. The stock has a market capitalization of $11.06 billion, a P/E ratio of 22.71, a P/E/G ratio of 2.81 and a beta of 1.13. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.95 and a quick ratio of 0.95. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 12-month low of $163.76 and a 12-month high of $259.33.
Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The transportation company reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.75 by ($0.05). The business had revenue of $584.36 million during the quarter, compared to analyst estimates of $10.86 billion. Grupo Aeroportuario Del Pacifico had a return on equity of 39.81% and a net margin of 24.28%. Equities research analysts anticipate that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 EPS for the current fiscal year.
Grupo Aeroportuario Del Pacifico Increases Dividend
The firm also recently disclosed a semi-annual dividend, which was paid on Monday, August 25th. Stockholders of record on Wednesday, August 13th were paid a $4.4656 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a dividend yield of 350.0%. This is an increase from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. Grupo Aeroportuario Del Pacifico's dividend payout ratio is presently 81.95%.
Grupo Aeroportuario Del Pacifico Profile
(
Free Report)
Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and manage airports in Mexico and Jamaica. The company operates twelve international airports in Guadalajara and Tijuana areas, Mexico; and two international airports in Montego Bay, Jamaica.
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