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

Janney Montgomery Scott LLC reduced its stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its holdings in Grupo Aeroportuario Del Pacifico by 22.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,056,454 shares of the transportation company's stock valued at $184,870,000 after buying an additional 190,955 shares in the last quarter. Deutsche Bank AG raised its position in shares of Grupo Aeroportuario Del Pacifico by 82.0% in the fourth quarter. Deutsche Bank AG now owns 758,512 shares of the transportation company's stock valued at $132,732,000 after purchasing an additional 341,661 shares during the period. Lazard Asset Management LLC raised its position in shares of Grupo Aeroportuario Del Pacifico by 4.1% in the fourth quarter. Lazard Asset Management LLC now owns 665,506 shares of the transportation company's stock valued at $116,455,000 after purchasing an additional 25,918 shares during the period. Itau Unibanco Holding S.A. raised its position in shares of Grupo Aeroportuario Del Pacifico by 31.0% in the fourth quarter. Itau Unibanco Holding S.A. now owns 174,266 shares of the transportation company's stock valued at $30,495,000 after purchasing an additional 41,266 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Grupo Aeroportuario Del Pacifico by 317.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 95,750 shares of the transportation company's stock valued at $16,755,000 after purchasing an additional 72,798 shares during the period. 11.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PAC has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Grupo Aeroportuario Del Pacifico from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Scotiabank upgraded Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a research note 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, JPMorgan Chase & Co. upgraded Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $200.00.

Grupo Aeroportuario Del Pacifico Stock Performance

PAC stock traded down $8.01 on Friday, reaching $215.95. 172,563 shares of the company were exchanged, compared to its average volume of 77,441. The stock's fifty day moving average price is $217.39 and its 200 day moving average price is $198.14. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 12 month low of $146.62 and a 12 month high of $241.62. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a market capitalization of $10.91 billion, a PE ratio of 22.76, a PEG ratio of 2.18 and a beta of 1.12.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $541.03 million for the quarter, compared to the consensus estimate of $554.93 million. On average, 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 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. This represents a yield of 3.4%. This is a positive change from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $3.87. The ex-dividend date of this dividend was Tuesday, May 27th. Grupo Aeroportuario Del Pacifico's payout ratio is currently 40.89%.

Grupo Aeroportuario Del Pacifico Company 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.