Ashoka WhiteOak Capital Pte Ltd Takes Position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Key Points

• Ashoka WhiteOak Capital Pte Ltd acquired 3,500 shares of Grupo Aeroportuario Del Pacifico, valued at approximately $804,000, making it the firm's 14th largest holding.
• The company reported $2.70 earnings per share for the last quarter, missing analyst expectations, and has announced an increase in its semi-annual dividend to $4.4656 per share.
• Institutional investors currently hold 11.73% of Grupo Aeroportuario Del Pacifico's shares, signifying a growing interest among hedge funds in the stock.

Ashoka WhiteOak Capital Pte Ltd purchased a new position in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,500 shares of the transportation company's stock, valued at approximately $804,000. Grupo Aeroportuario Del Pacifico makes up about 0.4% of Ashoka WhiteOak Capital Pte Ltd's portfolio, making the stock its 14th biggest holding.

A number of other hedge funds have also recently made changes to their positions in PAC. Bank of America Corp DE increased its holdings in Grupo Aeroportuario Del Pacifico by 60.2% during the 4th quarter. Bank of America Corp DE now owns 17,736 shares of the transportation company's stock valued at $3,104,000 after purchasing an additional 6,665 shares during the period. Militia Capital Partners LP bought a new stake in shares of Grupo Aeroportuario Del Pacifico in the 1st quarter worth approximately $631,000. SG Americas Securities LLC grew its position in shares of Grupo Aeroportuario Del Pacifico by 40.8% in the 1st quarter. SG Americas Securities LLC now owns 2,133 shares of the transportation company's stock worth $396,000 after buying an additional 618 shares during the last quarter. Northern Trust Corp increased its stake in shares of Grupo Aeroportuario Del Pacifico by 0.7% during the first quarter. Northern Trust Corp now owns 76,048 shares of the transportation company's stock valued at $14,108,000 after buying an additional 512 shares during the period. Finally, Deutsche Bank AG raised its holdings in shares of Grupo Aeroportuario Del Pacifico by 7.2% during the first quarter. Deutsche Bank AG now owns 813,007 shares of the transportation company's stock valued at $150,821,000 after acquiring an additional 54,495 shares in the last quarter. 11.73% of the stock is currently owned by institutional investors.

Grupo Aeroportuario Del Pacifico Trading Up 0.7%

NYSE:PAC opened at $247.76 on Friday. The company has a market cap of $12.52 billion, a PE ratio of 25.70, a price-to-earnings-growth ratio of 3.04 and a beta of 1.11. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.02. The company has a 50 day simple moving average of $241.93 and a two-hundred day simple moving average of $221.76. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 12 month low of $163.76 and a 12 month high of $259.33.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The transportation company reported $2.70 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $584.36 million during the quarter, compared to the consensus estimate of $10.86 billion. 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 business also recently declared a semi-annual dividend, which was paid on Monday, August 25th. Shareholders of record on Wednesday, August 13th were paid a $4.4656 dividend. This represents a yield of 350.0%. The ex-dividend date was Wednesday, August 13th. This is an increase from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. Grupo Aeroportuario Del Pacifico's dividend payout ratio is presently 81.95%.

Wall Street Analysts Forecast Growth

PAC has been the subject of several research reports. Wall Street Zen lowered shares of Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Citigroup restated a "hold" rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, September 10th. 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 investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $210.00.

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.

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