Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC Shares Acquired by Freedom Investment Management Inc.

Key Points

• Freedom Investment Management Inc. increased its holdings in Grupo Aeroportuario Del Pacifico by 141.1% during the first quarter, acquiring an additional 2,653 shares, bringing their total ownership to 4,533 shares worth $841,000.
• Grupo Aeroportuario Del Pacifico recently declared a semi-annual dividend of $4.4656 per share, which is a boost from the previous dividend of $4.32, representing a yield of 350.0%.
• The company's stock currently has a mixed analyst rating with an average of "Moderate Buy" and a consensus target price of $200.00, reflecting various ratings from several analysts.

Freedom Investment Management Inc. boosted its holdings in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) by 141.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,533 shares of the transportation company's stock after purchasing an additional 2,653 shares during the quarter. Freedom Investment Management Inc.'s holdings in Grupo Aeroportuario Del Pacifico were worth $841,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in Grupo Aeroportuario Del Pacifico by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 2,615 shares of the transportation company's stock valued at $458,000 after purchasing an additional 150 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Grupo Aeroportuario Del Pacifico by 21.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 8,018 shares of the transportation company's stock valued at $1,403,000 after acquiring an additional 1,436 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Grupo Aeroportuario Del Pacifico in the 4th quarter valued at $875,000. Barclays PLC purchased a new position in shares of Grupo Aeroportuario Del Pacifico in the 4th quarter valued at $483,000. Finally, First Trust Advisors LP acquired a new stake in Grupo Aeroportuario Del Pacifico in the fourth quarter valued at approximately $309,000. Institutional investors own 11.73% of the company's stock.

Grupo Aeroportuario Del Pacifico Price Performance

PAC stock traded down $5.46 during trading on Friday, hitting $240.65. The stock had a trading volume of 52,192 shares, compared to its average volume of 70,438. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.95 and a quick ratio of 0.95. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a twelve month low of $163.76 and a twelve month high of $256.22. The stock has a market capitalization of $12.16 billion, a P/E ratio of 24.96, a PEG ratio of 2.98 and a beta of 1.14. The company's 50-day moving average price is $234.11 and its two-hundred day moving average price is $214.56.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The transportation company reported $2.70 earnings per share (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 analyst estimates of $10.86 billion. As a group, research analysts predict that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 EPS for the current fiscal year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, August 25th. Investors of record on Wednesday, August 13th were given a dividend of $4.4656 per share. The ex-dividend date was Wednesday, August 13th. This is a positive change 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 (DPR) is presently 81.95%.

Analyst Ratings Changes

Several brokerages recently commented on PAC. 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. Wall Street Zen cut shares of Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Bank of America cut shares of Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research note on Thursday, June 12th. Finally, 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. Two equities research 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 data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $197.50.

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.