American Century Companies Inc. Boosts Stock Position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Key Points

• American Century Companies Inc. increased its holdings in Grupo Aeroportuario Del Pacifico by 6.2% during Q1, owning a total of 48,903 shares valued at approximately $9.07 million.
• Grupo Aeroportuario Del Pacifico announced a new semi-annual dividend of $4.4656 per share, reflecting a yield of 350.0% and an increase from the previous dividend of $4.32.
• Despite a performance miss in the latest earnings report, analysts have varied opinions on the stock, with ratings ranging from Strong Buy to Sell, resulting in an average target price of $200.00.

American Century Companies Inc. grew its holdings in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) by 6.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,903 shares of the transportation company's stock after purchasing an additional 2,870 shares during the period. American Century Companies Inc. owned about 0.10% of Grupo Aeroportuario Del Pacifico worth $9,072,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PAC. Caitong International Asset Management Co. Ltd bought a new position in shares of Grupo Aeroportuario Del Pacifico during the 1st quarter worth $54,000. Parallel Advisors LLC grew its position in shares of Grupo Aeroportuario Del Pacifico by 20.3% during the 1st quarter. Parallel Advisors LLC now owns 350 shares of the transportation company's stock worth $65,000 after buying an additional 59 shares in the last quarter. GHP Investment Advisors Inc. bought a new position in shares of Grupo Aeroportuario Del Pacifico during the 1st quarter worth $70,000. Tower Research Capital LLC TRC grew its position in shares of Grupo Aeroportuario Del Pacifico by 8,020.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 406 shares of the transportation company's stock worth $71,000 after buying an additional 401 shares in the last quarter. Finally, Raiffeisen Bank International AG bought a new position in shares of Grupo Aeroportuario Del Pacifico during the 4th quarter worth $132,000. Hedge funds and other institutional investors own 11.73% of the company's stock.

Analysts Set New Price Targets

PAC has been the topic of a number of recent research reports. Wall Street Zen downgraded Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Bank of America downgraded Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research report on Thursday, June 12th. Scotiabank raised Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a research report on Monday, May 19th. Finally, JPMorgan Chase & Co. raised Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a research report on Friday, May 23rd. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $197.50.

Grupo Aeroportuario Del Pacifico Stock Performance

PAC stock traded down $5.46 during trading on Monday, hitting $240.65. 52,192 shares of the company traded hands, compared to its average volume of 70,063. 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 $163.76 and a 1 year high of $256.22. The stock's 50-day simple moving average is $234.57 and its 200 day simple moving average is $214.97. The company has a market cap of $12.16 billion, a PE ratio of 24.96, a P/E/G ratio of 2.98 and a beta of 1.11.

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 the consensus estimate of $2.75 by ($0.05). The business had revenue of $584.36 million during 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%. On average, equities analysts expect that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 earnings per share for the current fiscal year.

Grupo Aeroportuario Del Pacifico Increases Dividend

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

Grupo Aeroportuario Del Pacifico Company 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.