3,400 Shares in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC Acquired by Militia Capital Partners LP

Key Points

• Militia Capital Partners LP acquired 3,400 shares of Grupo Aeroportuario Del Pacifico, valued at approximately $631,000, during the 1st quarter, reflecting growing institutional interest in the company.
• Grupo Aeroportuario Del Pacifico declared a semi-annual dividend of $4.4656 per share, marking an increase from the previous dividend, and this represents a yield of 350.0%.
• The company’s recent earnings report showed an EPS of $2.70, missing analysts' estimates of $2.75, amidst a revenue of $584.36 million for the quarter.

Militia Capital Partners LP acquired a new position in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,400 shares of the transportation company's stock, valued at approximately $631,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of PAC. Nuveen LLC purchased a new stake in Grupo Aeroportuario Del Pacifico during the 1st quarter worth approximately $35,349,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Grupo Aeroportuario Del Pacifico during the 1st quarter worth approximately $16,136,000. Carnegie Investment Counsel purchased a new stake in Grupo Aeroportuario Del Pacifico during the 1st quarter worth approximately $13,756,000. Northern Trust Corp increased its holdings in Grupo Aeroportuario Del Pacifico by 1,688.3% during the 4th quarter. Northern Trust Corp now owns 75,536 shares of the transportation company's stock worth $13,218,000 after purchasing an additional 71,312 shares during the last quarter. Finally, 1832 Asset Management L.P. purchased a new stake in Grupo Aeroportuario Del Pacifico during the 1st quarter worth approximately $13,027,000. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario Del Pacifico Price Performance

Shares of PAC opened at $256.77 on Friday. The company has a market cap of $12.97 billion, a P/E ratio of 26.64, a PEG ratio of 3.07 and a beta of 1.11. The stock has a fifty day moving average price of $237.75 and a 200 day moving average price of $217.48. 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 12 month low of $163.76 and a 12 month high of $258.78.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The transportation company reported $2.70 EPS for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $10.86 billion. On average, research analysts forecast that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 earnings per share for the current year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, August 25th. Shareholders of record on Wednesday, August 13th were given a dividend of $4.4656 per share. This is a boost from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. The ex-dividend date was Wednesday, August 13th. This represents a yield of 350.0%. Grupo Aeroportuario Del Pacifico's payout ratio is presently 81.95%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PAC shares. JPMorgan Chase & Co. upgraded Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a report on Friday, May 23rd. Wall Street Zen downgraded Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Scotiabank upgraded Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a report on Monday, May 19th. Citigroup reiterated a "hold" rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday. Finally, Bank of America downgraded Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a report on Thursday, June 12th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Grupo Aeroportuario Del Pacifico has a consensus rating of "Hold" and a consensus target price of $197.50.

Grupo Aeroportuario Del Pacifico 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.

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