GAMMA Investing LLC Raises Stock Position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

GAMMA Investing LLC raised its stake in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 20,901.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,131 shares of the transportation company's stock after purchasing an additional 11,078 shares during the period. GAMMA Investing LLC's holdings in Grupo Aeroportuario del Pacífico were worth $20,650,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC lifted its position in shares of Grupo Aeroportuario del Pacífico by 32.1% in the fourth quarter. Signaturefd LLC now owns 333 shares of the transportation company's stock worth $58,000 after buying an additional 81 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Grupo Aeroportuario del Pacífico 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. Blue Trust Inc. increased its stake in Grupo Aeroportuario del Pacífico by 13.6% in the 4th quarter. Blue Trust Inc. now owns 443 shares of the transportation company's stock worth $78,000 after acquiring an additional 53 shares during the last quarter. US Bancorp DE raised its holdings 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 in the last quarter. Finally, Raiffeisen Bank International AG bought a new position in shares of Grupo Aeroportuario del Pacífico during the 4th quarter valued at approximately $132,000. Institutional investors own 11.73% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PAC shares. JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario del Pacífico from an "underweight" rating to a "neutral" rating in a research report on Friday, May 23rd. Wall Street Zen raised shares of Grupo Aeroportuario del Pacífico from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Bank of America downgraded shares of Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a report on Tuesday, March 4th. Scotiabank raised shares of Grupo Aeroportuario del Pacífico from a "sector perform" rating to a "sector outperform" rating in a report on Monday, May 19th. Finally, Jefferies Financial Group upgraded Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and lifted their price target for the stock from $140.00 to $210.00 in a research report on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $200.00.

Grupo Aeroportuario del Pacífico Trading Down 0.5%

NYSE PAC traded down $1.29 on Monday, hitting $237.66. 100,521 shares of the stock were exchanged, compared to its average volume of 74,329. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 52-week low of $146.62 and a 52-week high of $240.69. The firm has a market capitalization of $12.01 billion, a P/E ratio of 23.62, a P/E/G ratio of 1.28 and a beta of 1.12. The stock has a fifty day moving average price of $208.11 and a two-hundred day moving average price of $195.19.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported $2.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.13 by ($0.41). Grupo Aeroportuario del Pacífico had a return on equity of 43.75% and a net margin of 27.04%. The firm had revenue of $541.03 million during the quarter, compared to the consensus estimate of $554.93 million. Research analysts forecast 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 company also recently disclosed a semi-annual dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th will be paid a $4.3222 dividend. The ex-dividend date is Tuesday, May 27th. This represents a yield of 3.4%. This is an increase from Grupo Aeroportuario del Pacífico's previous semi-annual dividend of $3.87. Grupo Aeroportuario del Pacífico's dividend payout ratio (DPR) 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.