Deutsche Bank AG Increases Holdings in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Deutsche Bank AG increased its stake in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 82.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 758,512 shares of the transportation company's stock after acquiring an additional 341,661 shares during the quarter. Deutsche Bank AG owned about 1.50% of Grupo Aeroportuario del Pacífico worth $132,732,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PAC. Geode Capital Management LLC increased its holdings in Grupo Aeroportuario del Pacífico by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,465 shares of the transportation company's stock valued at $429,000 after acquiring an additional 175 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Grupo Aeroportuario del Pacífico by 26.2% during the third quarter. JPMorgan Chase & Co. now owns 2,158 shares of the transportation company's stock valued at $376,000 after purchasing an additional 448 shares during the last quarter. Outlook Wealth Advisors LLC boosted its stake in Grupo Aeroportuario del Pacífico by 12.2% during the 4th quarter. Outlook Wealth Advisors LLC now owns 2,397 shares of the transportation company's stock valued at $419,000 after purchasing an additional 261 shares during the period. Janney Montgomery Scott LLC grew its position in Grupo Aeroportuario del Pacífico by 7.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 92,372 shares of the transportation company's stock valued at $16,164,000 after buying an additional 6,139 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Grupo Aeroportuario del Pacífico by 327.4% in the 4th quarter. Fifth Third Bancorp now owns 359 shares of the transportation company's stock valued at $63,000 after acquiring an additional 275 shares during the last quarter. 11.73% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Pacífico Trading Up 2.1%

PAC stock traded up $4.56 during mid-day trading on Wednesday, reaching $219.51. The company's stock had a trading volume of 84,340 shares, compared to its average volume of 72,020. The company has a market cap of $11.09 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 1.28 and a beta of 1.10. The business's 50 day moving average price is $193.51 and its 200 day moving average price is $188.73. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 12 month low of $146.62 and a 12 month high of $224.41.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last announced 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). The company had revenue of $541.03 million for the quarter, compared to analysts' expectations of $554.93 million. Grupo Aeroportuario del Pacífico had a net margin of 27.04% and a return on equity of 43.75%. On average, equities research analysts predict that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of Grupo Aeroportuario del Pacífico from a "sell" rating to a "hold" rating in a research report on Saturday, April 26th. Barclays reissued an "equal weight" rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. Jefferies Financial Group raised Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and raised their target price for the stock from $140.00 to $210.00 in a research report on Wednesday, February 12th. Finally, Bank of America cut Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $200.00.

About Grupo Aeroportuario del Pacífico

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.