GAMMA Investing LLC Buys 11,078 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

GAMMA Investing LLC boosted its holdings in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 20,901.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,131 shares of the transportation company's stock after acquiring an additional 11,078 shares during the quarter. GAMMA Investing LLC's holdings in Grupo Aeroportuario del Pacífico were worth $20,650,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Signaturefd LLC lifted its holdings in Grupo Aeroportuario del Pacífico by 32.1% during the 4th quarter. Signaturefd LLC now owns 333 shares of the transportation company's stock valued at $58,000 after purchasing an additional 81 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Grupo Aeroportuario del Pacífico by 8,020.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 406 shares of the transportation company's stock worth $71,000 after buying an additional 401 shares during the last quarter. Blue Trust Inc. lifted its stake in Grupo Aeroportuario del Pacífico by 13.6% in the fourth quarter. Blue Trust Inc. now owns 443 shares of the transportation company's stock valued at $78,000 after acquiring an additional 53 shares during the last quarter. US Bancorp DE boosted its stake in shares of Grupo Aeroportuario del Pacífico by 22.1% during the 4th quarter. US Bancorp DE now owns 547 shares of the transportation company's stock worth $96,000 after acquiring an additional 99 shares during the period. Finally, Raiffeisen Bank International AG acquired a new position in Grupo Aeroportuario del Pacífico in the 4th quarter valued at about $132,000. 11.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

PAC has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario del Pacífico from an "underweight" rating to a "neutral" rating in a research report on Friday, May 23rd. Jefferies Financial Group upgraded Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and upped their price target for the company from $140.00 to $210.00 in a research report on Wednesday, February 12th. Wall Street Zen raised shares of Grupo Aeroportuario del Pacífico from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Bank of America lowered shares of Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a research note on Tuesday, March 4th. Finally, Scotiabank upgraded shares of Grupo Aeroportuario del Pacífico from a "sector perform" rating to a "sector outperform" rating in a report on Monday, May 19th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $200.00.

Grupo Aeroportuario del Pacífico Stock Up 1.2%

Shares of NYSE:PAC traded up $2.95 during trading on Friday, hitting $239.03. The stock had a trading volume of 68,819 shares, compared to its average volume of 74,083. The company has a market capitalization of $12.08 billion, a PE ratio of 23.76, a PEG ratio of 1.28 and a beta of 1.10. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. The firm's fifty day moving average is $207.10 and its 200 day moving average is $194.68. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 12 month low of $146.62 and a 12 month high of $241.84.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported $2.72 earnings per share for the quarter, missing analysts' consensus estimates of $3.13 by ($0.41). Grupo Aeroportuario del Pacífico had a net margin of 27.04% and a return on equity of 43.75%. The firm had revenue of $541.03 million for the quarter, compared to the consensus estimate of $554.93 million. Analysts anticipate that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 EPS for the current fiscal year.

Grupo Aeroportuario del Pacífico Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th will be given a $4.3222 dividend. This is a boost from Grupo Aeroportuario del Pacífico's previous semi-annual dividend of $3.87. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a yield of 3.4%. Grupo Aeroportuario del Pacífico's dividend payout ratio is presently 40.89%.

Grupo Aeroportuario del Pacífico 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.