Canada Pension Plan Investment Board Purchases Shares of 37,786 Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Key Points

• The Canada Pension Plan Investment Board purchased 37,786 shares of Grupo Aeroportuario Del Pacifico valued at approximately $7 million, owning about 0.07% of the company by the end of the last quarter.
• Grupo Aeroportuario Del Pacifico reported a EPS of $2.70 for the last quarter, missing the consensus estimate by $0.05, and had a revenue of approximately $584.36 million.
$4.4656, representing a dividend yield of 350%, with a payout ratio currently at 81.95%.

Canada Pension Plan Investment Board acquired a new stake in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 37,786 shares of the transportation company's stock, valued at approximately $7,010,000. Canada Pension Plan Investment Board owned approximately 0.07% of Grupo Aeroportuario Del Pacifico as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deutsche Bank AG grew its position in shares of Grupo Aeroportuario Del Pacifico by 82.0% in the fourth quarter. Deutsche Bank AG now owns 758,512 shares of the transportation company's stock valued at $132,732,000 after purchasing an additional 341,661 shares during the period. Nuveen LLC purchased a new stake in Grupo Aeroportuario Del Pacifico during the 1st quarter worth approximately $35,349,000. 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 position in shares of Grupo Aeroportuario Del Pacifico by 1,688.3% in the 4th quarter. Northern Trust Corp now owns 75,536 shares of the transportation company's stock valued at $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 shares of Grupo Aeroportuario Del Pacifico in the 1st quarter valued at approximately $13,027,000. Hedge funds and other institutional investors own 11.73% of the company's stock.

Grupo Aeroportuario Del Pacifico Stock Performance

Shares of Grupo Aeroportuario Del Pacifico stock traded up $2.57 during trading on Friday, hitting $249.64. 42,317 shares of the stock were exchanged, compared to its average volume of 65,194. The stock's fifty day moving average is $236.26 and its 200 day moving average is $216.14. The stock has a market cap of $12.61 billion, a PE ratio of 25.90, a P/E/G ratio of 3.09 and a beta of 1.11. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.95 and a current 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 $256.22.

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 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.05). The firm had revenue of $584.36 million for the quarter, compared to the consensus estimate of $10.86 billion. Grupo Aeroportuario Del Pacifico had a return on equity of 39.81% and a net margin of 24.28%. As a group, sell-side 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 business also recently announced a semi-annual dividend, which was paid on Monday, August 25th. Investors of record on Wednesday, August 13th were given a $4.4656 dividend. The ex-dividend date was Wednesday, August 13th. This represents a yield of 350.0%. This is a boost from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. Grupo Aeroportuario Del Pacifico's payout ratio is currently 81.85%.

Analysts Set New Price Targets

PAC has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a research note on Friday, May 23rd. Wall Street Zen lowered shares of Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Scotiabank raised shares of Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a research report on Monday, May 19th. Finally, Bank of America cut shares of Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research report on Thursday, June 12th. Two 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's stock. According to MarketBeat.com, Grupo Aeroportuario Del Pacifico currently has an average 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.