Bank of New York Mellon Corp Sells 2,441 Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR)

Bank of New York Mellon Corp cut its holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) by 8.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,864 shares of the transportation company's stock after selling 2,441 shares during the quarter. Bank of New York Mellon Corp owned 0.09% of Grupo Aeroportuario del Sureste worth $7,082,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. bought a new position in Grupo Aeroportuario del Sureste in the 1st quarter valued at approximately $227,000. Wealthquest Corp bought a new position in Grupo Aeroportuario del Sureste in the 1st quarter valued at approximately $3,979,000. Blue Trust Inc. lifted its holdings in shares of Grupo Aeroportuario del Sureste by 7.8% during the 1st quarter. Blue Trust Inc. now owns 524 shares of the transportation company's stock valued at $143,000 after buying an additional 38 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Grupo Aeroportuario del Sureste by 25,255.6% during the 1st quarter. GAMMA Investing LLC now owns 6,846 shares of the transportation company's stock valued at $18,750,000 after buying an additional 6,819 shares during the period. Finally, Formidable Asset Management LLC bought a new position in shares of Grupo Aeroportuario del Sureste during the 4th quarter valued at $412,000. 10.57% of the stock is owned by institutional investors.

Grupo Aeroportuario del Sureste Stock Performance

Shares of NYSE ASR traded down $1.19 during midday trading on Friday, hitting $303.85. 54,408 shares of the stock traded hands, compared to its average volume of 88,244. The firm has a 50-day moving average of $317.58 and a two-hundred day moving average of $295.88. The firm has a market capitalization of $9.12 billion, a P/E ratio of 14.64, a PEG ratio of 7.68 and a beta of 0.74. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.16 and a current ratio of 5.16. Grupo Aeroportuario del Sureste, S.A. de C.V. has a one year low of $248.88 and a one year high of $360.00.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $3.80 EPS for the quarter, missing the consensus estimate of $6.01 by ($2.21). The company had revenue of $464.62 million during the quarter, compared to analysts' expectations of $8.98 billion. Grupo Aeroportuario del Sureste had a return on equity of 19.91% and a net margin of 37.14%. On average, equities analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste Increases Dividend

The firm also recently declared an annual dividend, which was paid on Monday, June 9th. Shareholders of record on Wednesday, May 28th were paid a $24.585 dividend. This represents a yield of 8.6%. The ex-dividend date of this dividend was Wednesday, May 28th. This is a positive change from Grupo Aeroportuario del Sureste's previous annual dividend of $5.60. Grupo Aeroportuario del Sureste's dividend payout ratio is presently 111.52%.

Analysts Set New Price Targets

Separately, Scotiabank cut Grupo Aeroportuario del Sureste from a "sector outperform" rating to a "sector perform" rating in a report on Monday, May 19th.

About Grupo Aeroportuario del Sureste

Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. The company operates airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlán.