BNP Paribas Financial Markets Purchases 2,028 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

BNP Paribas Financial Markets grew its holdings in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,234 shares of the transportation company's stock after purchasing an additional 2,028 shares during the period. BNP Paribas Financial Markets' holdings in Grupo Aeroportuario del Pacífico were worth $4,066,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Itau Unibanco Holding S.A. boosted its position in shares of Grupo Aeroportuario del Pacífico by 31.0% during the 4th 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 in the last quarter. Northern Trust Corp boosted its position in shares of Grupo Aeroportuario del Pacífico by 1,688.3% during the 4th quarter. Northern Trust Corp now owns 75,536 shares of the transportation company's stock valued at $13,218,000 after purchasing an additional 71,312 shares in the last quarter. Aquatic Capital Management LLC boosted its position in shares of Grupo Aeroportuario del Pacífico by 207.4% during the 4th quarter. Aquatic Capital Management LLC now owns 3,381 shares of the transportation company's stock valued at $592,000 after purchasing an additional 2,281 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Grupo Aeroportuario del Pacífico by 22.1% during the 4th 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 purchasing an additional 190,955 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. bought a new position in shares of Grupo Aeroportuario del Pacífico during the 4th quarter valued at about $1,832,000. Institutional investors own 11.73% of the company's stock.

Grupo Aeroportuario del Pacífico Stock Down 0.6%

Shares of NYSE PAC traded down $1.33 during trading hours on Tuesday, hitting $227.68. The company had a trading volume of 7,357 shares, compared to its average volume of 72,765. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 1-year low of $146.62 and a 1-year high of $229.38. The firm's 50 day moving average is $196.65 and its 200-day moving average is $190.22. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $11.50 billion, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 1.28 and a beta of 1.10.

Grupo Aeroportuario del Pacífico (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 analysts' consensus estimates of $3.13 by ($0.41). Grupo Aeroportuario del Pacífico had a net margin of 27.04% and a return on equity of 43.75%. The business had revenue of $541.03 million during the quarter, compared to the consensus estimate of $554.93 million. On average, analysts expect that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 earnings per share for the current fiscal year.

Grupo Aeroportuario del Pacífico Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 27th will be paid a $4.3222 dividend. This is a positive change from Grupo Aeroportuario del Pacífico's previous semi-annual dividend of $3.87. This represents a dividend yield of 3.4%. The ex-dividend date is Tuesday, May 27th. Grupo Aeroportuario del Pacífico's payout ratio is currently 40.78%.

Analyst Upgrades and Downgrades

A number of research firms have commented on PAC. StockNews.com raised shares of Grupo Aeroportuario del Pacífico from a "sell" rating to a "hold" rating in a research note on Saturday, April 26th. Scotiabank raised shares of Grupo Aeroportuario del Pacífico from a "sector perform" rating to a "sector outperform" rating in a research note on Monday. Bank of America lowered shares of Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a research report on Tuesday, March 4th. Barclays reaffirmed an "equal weight" rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. Finally, Jefferies Financial Group upgraded Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and increased their price target for the company from $140.00 to $210.00 in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Grupo Aeroportuario del Pacífico has a consensus rating of "Hold" and an average target price of $200.00.

Grupo Aeroportuario del Pacífico 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.