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. raised its stake in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) by 141.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,533 shares of the transportation company's stock after acquiring an additional 2,653 shares during the period. Freedom Investment Management Inc.'s holdings in Grupo Aeroportuario Del Pacifico were worth $841,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in Grupo Aeroportuario Del Pacifico in the first quarter valued at about $54,000. Parallel Advisors LLC increased its stake in Grupo Aeroportuario Del Pacifico by 20.3% in the 1st quarter. Parallel Advisors LLC now owns 350 shares of the transportation company's stock worth $65,000 after acquiring an additional 59 shares during the last quarter. GHP Investment Advisors Inc. bought a new stake in Grupo Aeroportuario Del Pacifico in the 1st quarter worth approximately $70,000. Tower Research Capital LLC TRC increased 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 last quarter. Finally, Raiffeisen Bank International AG purchased a new position in shares of Grupo Aeroportuario Del Pacifico in the 4th quarter worth approximately $132,000. 11.73% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario Del Pacifico Stock Up 1.1%

Shares of PAC traded up $2.76 during trading hours on Thursday, hitting $245.68. The company had a trading volume of 127,338 shares, compared to its average volume of 67,288. The company has a market capitalization of $12.41 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 3.00 and a beta of 1.14. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.02. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a one year low of $163.76 and a one year high of $256.22. The company's fifty day moving average price is $233.62 and its two-hundred day moving average price is $214.16.

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). 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 during the quarter, compared to the consensus estimate of $10.86 billion. As a group, equities analysts forecast that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 earnings per share for the current fiscal year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, August 25th. Stockholders of record on Wednesday, August 13th were paid a $4.4656 dividend. 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 currently 81.85%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PAC shares. JPMorgan Chase & Co. upgraded Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a report on Friday, May 23rd. Bank of America cut Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a report on Thursday, June 12th. Scotiabank upgraded Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a report on Monday, May 19th. Finally, Wall Street Zen cut Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $200.00.

About Grupo Aeroportuario Del Pacifico

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.