Janney Montgomery Scott LLC Sells 4,728 Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC)

Janney Montgomery Scott LLC lessened its stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) by 5.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 87,644 shares of the transportation company's stock after selling 4,728 shares during the period. Janney Montgomery Scott LLC owned 0.17% of Grupo Aeroportuario Del Pacifico worth $16,259,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Signaturefd LLC lifted its position in shares of Grupo Aeroportuario Del Pacifico by 32.1% during the 4th quarter. Signaturefd LLC now owns 333 shares of the transportation company's stock valued at $58,000 after buying an additional 81 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Grupo Aeroportuario Del Pacifico by 20.3% during the first quarter. Parallel Advisors LLC now owns 350 shares of the transportation company's stock valued at $65,000 after purchasing an additional 59 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Grupo Aeroportuario Del Pacifico by 8,020.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 406 shares of the transportation company's stock worth $71,000 after purchasing an additional 401 shares during the period. Blue Trust Inc. boosted its position in shares of Grupo Aeroportuario Del Pacifico by 13.6% in the fourth quarter. Blue Trust Inc. now owns 443 shares of the transportation company's stock worth $78,000 after purchasing an additional 53 shares during the period. Finally, US Bancorp DE increased its stake in shares of Grupo Aeroportuario Del Pacifico by 22.1% in the fourth quarter. US Bancorp DE now owns 547 shares of the transportation company's stock worth $96,000 after purchasing an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 11.73% of the company's stock.

Wall Street Analyst Weigh In

PAC has been the topic of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a research note on Friday, May 23rd. Scotiabank upgraded Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a research report on Monday, May 19th. Bank of America lowered Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research note on Thursday, June 12th. Finally, Wall Street Zen upgraded Grupo Aeroportuario Del Pacifico from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Grupo Aeroportuario Del Pacifico has an average rating of "Moderate Buy" and an average target price of $200.00.

Grupo Aeroportuario Del Pacifico Price Performance

Shares of NYSE:PAC traded down $8.01 during trading on Friday, hitting $215.95. 172,563 shares of the company's stock were exchanged, compared to its average volume of 77,310. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.68 and a quick ratio of 1.68. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 52-week low of $146.62 and a 52-week high of $241.62. The business's 50-day simple moving average is $216.73 and its 200 day simple moving average is $197.83. The company has a market cap of $10.91 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 2.27 and a beta of 1.12.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported $2.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.13 by ($0.41). Grupo Aeroportuario Del Pacifico had a return on equity of 37.67% and a net margin of 25.64%. The business had revenue of $541.03 million for the quarter, compared to analysts' expectations of $554.93 million. As a group, equities analysts predict that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 EPS for the current year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, June 9th. Investors of record on Tuesday, May 27th were paid a dividend of $4.3222 per share. The ex-dividend date was Tuesday, May 27th. This is a positive change from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $3.87. This represents a yield of 3.4%. Grupo Aeroportuario Del Pacifico's dividend payout ratio is presently 40.89%.

Grupo Aeroportuario Del Pacifico Profile

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.