Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lowered its stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 3.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,354 shares of the transportation company’s stock after selling 91 shares during the period. Private Advisor Group LLC’s holdings in Grupo Aeroportuario Del Pacifico were worth $437,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PAC. Raymond James Financial Inc. acquired a new position in Grupo Aeroportuario Del Pacifico during the fourth quarter worth $875,000. American Century Companies Inc. lifted its stake in Grupo Aeroportuario Del Pacifico by 5.4% during the 4th quarter. American Century Companies Inc. now owns 46,033 shares of the transportation company’s stock worth $8,055,000 after acquiring an additional 2,366 shares in the last quarter. LPL Financial LLC acquired a new position in Grupo Aeroportuario Del Pacifico during the 4th quarter worth about $470,000. Arrowstreet Capital Limited Partnership lifted its stake in Grupo Aeroportuario Del Pacifico by 317.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 95,750 shares of the transportation company’s stock worth $16,755,000 after acquiring an additional 72,798 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in Grupo Aeroportuario Del Pacifico by 8.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 7,551 shares of the transportation company’s stock worth $1,321,000 after acquiring an additional 590 shares in the last quarter. Institutional investors and hedge funds own 11.73% of the company’s stock.

Grupo Aeroportuario Del Pacifico Price Performance

Shares of NYSE PAC opened at $228.52 on Thursday. The stock’s 50-day moving average is $228.58 and its two-hundred day moving average is $206.31. 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 1-year low of $146.62 and a 1-year high of $241.62. The company has a market cap of $11.55 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 2.77 and a beta of 1.09.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last issued its quarterly earnings results on Monday, July 21st. The transportation company reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.05). Grupo Aeroportuario Del Pacifico had a return on equity of 39.81% and a net margin of 24.28%. The company had revenue of $584.36 million for the quarter, compared to analysts’ expectations of $10.86 billion. Analysts forecast 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 business also recently declared a semi-annual dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th were issued a dividend of $4.3222 per share. This is an increase from Grupo Aeroportuario Del Pacifico’s previous semi-annual dividend of $3.87. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a yield of 3.4%. Grupo Aeroportuario Del Pacifico’s dividend payout ratio is 40.25%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PAC shares. Wall Street Zen raised Grupo Aeroportuario Del Pacifico from a “hold” rating to a “buy” rating in a research note on Sunday, July 20th. Scotiabank raised 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. raised 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 given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $200.00.

About Grupo Aeroportuario Del Pacifico

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.