Carnegie Investment Counsel Buys New Shares in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC)

Carnegie Investment Counsel purchased a new position in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 74,155 shares of the transportation company's stock, valued at approximately $13,756,000. Carnegie Investment Counsel owned about 0.15% of Grupo Aeroportuario Del Pacifico as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC lifted its position in Grupo Aeroportuario Del Pacifico by 20.3% in the first quarter. Parallel Advisors LLC now owns 350 shares of the transportation company's stock valued at $65,000 after purchasing an additional 59 shares during the period. GHP Investment Advisors Inc. purchased a new stake in Grupo Aeroportuario Del Pacifico in the 1st quarter worth approximately $70,000. Tower Research Capital LLC TRC grew its stake in Grupo Aeroportuario Del Pacifico by 8,020.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 406 shares of the transportation company's stock worth $71,000 after acquiring an additional 401 shares during the period. Raiffeisen Bank International AG purchased a new stake in Grupo Aeroportuario Del Pacifico in the 4th quarter worth approximately $132,000. Finally, Snowden Capital Advisors LLC grew its stake in Grupo Aeroportuario Del Pacifico by 15.0% in the 4th quarter. Snowden Capital Advisors LLC now owns 1,476 shares of the transportation company's stock worth $258,000 after acquiring an additional 193 shares during the period. Hedge funds and other institutional investors own 11.73% of the company's stock.

Grupo Aeroportuario Del Pacifico Stock Performance

NYSE PAC traded up $1.45 on Friday, hitting $224.36. The stock had a trading volume of 66,601 shares, compared to its average volume of 91,982. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a one year low of $146.62 and a one year high of $241.62. The company has a quick ratio of 1.68, a current ratio of 0.95 and a debt-to-equity ratio of 2.02. The stock has a market cap of $11.34 billion, a price-to-earnings ratio of 23.27, a P/E/G ratio of 2.72 and a beta of 1.09. The company's 50-day moving average is $228.70 and its two-hundred day moving average is $205.59.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last posted its 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). Grupo Aeroportuario Del Pacifico had a return on equity of 39.81% and a net margin of 24.28%. The firm had revenue of $584.36 million during the quarter, compared to the consensus estimate of $10.86 billion. On average, analysts expect 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 disclosed a semi-annual dividend, which was paid on Monday, June 9th. Stockholders of record on Tuesday, May 27th were issued a $4.3222 dividend. The ex-dividend date was Tuesday, May 27th. This is a boost from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $3.87. This represents a dividend yield of 3.4%. Grupo Aeroportuario Del Pacifico's dividend payout ratio (DPR) is 40.25%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on PAC shares. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a research note on Friday, May 23rd. Bank of America lowered shares of Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a report on Thursday, June 12th. Wall Street Zen upgraded shares of Grupo Aeroportuario Del Pacifico from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Finally, Scotiabank upgraded shares of Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $200.00.

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.