70,222 Shares in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC Acquired by 1832 Asset Management L.P.

Key Points

• 1832 Asset Management L.P. invested approximately $13.03 million in Grupo Aeroportuario Del Pacifico, acquiring 70,222 shares and owning 0.14% of the company as of its latest SEC filing.
• Grupo Aeroportuario Del Pacifico announced a semi-annual dividend increase to $4.4656, up from $4.32, with a yield of 350.0% and a payout ratio of 81.95%.
• Shares of Grupo Aeroportuario Del Pacifico saw mixed analyst ratings, with one strong buy, three buys, three holds, and one sell, while the average price target stands at $200.00.

1832 Asset Management L.P. acquired a new position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 70,222 shares of the transportation company's stock, valued at approximately $13,027,000. 1832 Asset Management L.P. owned 0.14% of Grupo Aeroportuario Del Pacifico as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its stake in shares of Grupo Aeroportuario Del Pacifico by 4.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,101,933 shares of the transportation company's stock worth $204,421,000 after purchasing an additional 45,479 shares during the period. Hsbc Holdings PLC bought a new position in shares of Grupo Aeroportuario Del Pacifico in the first quarter worth about $644,000. Northern Trust Corp increased its stake in shares of Grupo Aeroportuario Del Pacifico by 0.7% in the first quarter. Northern Trust Corp now owns 76,048 shares of the transportation company's stock worth $14,108,000 after purchasing an additional 512 shares during the period. State of New Jersey Common Pension Fund D increased its stake in shares of Grupo Aeroportuario Del Pacifico by 18.8% in the first quarter. State of New Jersey Common Pension Fund D now owns 23,399 shares of the transportation company's stock worth $4,341,000 after purchasing an additional 3,705 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Grupo Aeroportuario Del Pacifico by 6.2% in the first quarter. American Century Companies Inc. now owns 48,903 shares of the transportation company's stock worth $9,072,000 after purchasing an additional 2,870 shares during the period. 11.73% of the stock is currently owned by institutional investors.

Grupo Aeroportuario Del Pacifico Price Performance

NYSE PAC traded down $3.55 during trading on Friday, reaching $242.55. 10,806 shares of the company traded hands, compared to its average volume of 88,588. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.95 and a current ratio of 0.95. The stock's 50 day moving average price is $233.62 and its two-hundred day moving average price is $214.16. The company has a market cap of $12.26 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 3.00 and a beta of 1.14. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 1-year low of $163.76 and a 1-year high of $256.22.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The transportation company reported $2.70 earnings per share for the quarter, missing analysts' consensus estimates of $2.75 by ($0.05). The company had revenue of $584.36 million for the quarter, compared to analyst estimates of $10.86 billion. Grupo Aeroportuario Del Pacifico had a net margin of 24.28% and a return on equity of 39.81%. As a group, analysts anticipate 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 announced a semi-annual dividend, which was paid on Monday, August 25th. Stockholders of record on Wednesday, August 13th were paid a $4.4656 dividend. This represents a dividend yield of 350.0%. This is an increase from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. The ex-dividend date was Wednesday, August 13th. Grupo Aeroportuario Del Pacifico's dividend payout ratio is presently 81.85%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PAC shares. JPMorgan Chase & Co. raised Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a research report on Friday, May 23rd. Bank of America downgraded Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research report on Thursday, June 12th. Wall Street Zen downgraded Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Scotiabank raised Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a research report on Monday, May 19th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average 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.