Focus Partners Advisor Solutions LLC purchased a new stake in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,129 shares of the transportation company's stock, valued at approximately $209,000.
Several other hedge funds have also recently bought and sold shares of the business. Parallel Advisors LLC raised its holdings 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 buying an additional 59 shares during the period. Kestra Private Wealth Services LLC raised its holdings in Grupo Aeroportuario Del Pacifico by 2.2% in the first quarter. Kestra Private Wealth Services LLC now owns 2,973 shares of the transportation company's stock valued at $552,000 after buying an additional 65 shares during the period. Invesco Ltd. raised its holdings in Grupo Aeroportuario Del Pacifico by 2.6% in the first quarter. Invesco Ltd. now owns 7,461 shares of the transportation company's stock valued at $1,384,000 after buying an additional 190 shares during the period. Snowden Capital Advisors LLC raised its holdings in Grupo Aeroportuario Del Pacifico by 15.0% in the fourth quarter. Snowden Capital Advisors LLC now owns 1,476 shares of the transportation company's stock valued at $258,000 after buying an additional 193 shares during the period. Finally, Ethic Inc. raised its holdings in Grupo Aeroportuario Del Pacifico by 11.9% in the fourth quarter. Ethic Inc. now owns 1,846 shares of the transportation company's stock valued at $323,000 after buying an additional 197 shares during the period. Hedge funds and other institutional investors own 11.73% of the company's stock.
Grupo Aeroportuario Del Pacifico Stock Up 0.5%
Shares of PAC stock traded up $1.33 during mid-day trading on Tuesday, reaching $251.55. 45,883 shares of the company were exchanged, compared to its average volume of 64,786. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a fifty-two week low of $163.76 and a fifty-two week high of $256.22. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $12.71 billion, a P/E ratio of 26.09, a P/E/G ratio of 3.09 and a beta of 1.11. The business's 50 day simple moving average is $237.04 and its 200 day simple moving average is $216.85.
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 analysts' consensus estimates 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 company had revenue of $584.36 million for the quarter, compared to analyst estimates of $10.86 billion. Research analysts predict 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. Stockholders of record on Wednesday, August 13th were given a dividend of $4.4656 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This is an increase from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. This represents a dividend yield of 350.0%. Grupo Aeroportuario Del Pacifico's dividend payout ratio is 81.95%.
Analyst Ratings Changes
PAC has been the subject of several recent research reports. Bank of America downgraded shares of Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research report on Thursday, June 12th. Wall Street Zen downgraded shares of Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a research report on Friday, May 23rd. Finally, 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. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Grupo Aeroportuario Del Pacifico presently has a consensus rating of "Hold" and an average price target of $197.50.
Read Our Latest Stock Analysis on PAC
About Grupo Aeroportuario Del Pacifico
(
Free Report)
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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