Goldman Sachs Group Inc. Purchases 15,862 Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Key Points

• Goldman Sachs Group Inc. increased its stake in Grupo Aeroportuario Del Pacifico by 65.8%, owning a total of 39,976 shares valued at approximately $7.4 million.
• Grupo Aeroportuario Del Pacifico recently declared a semi-annual dividend of $4.4656 per share, a rise from the previous $4.32, translating to a yield of 350.0%.
• Investment firms such as Nuveen LLC and UBS made significant new investments in Grupo Aeroportuario Del Pacifico, reflecting growing interest from institutional investors.

Goldman Sachs Group Inc. lifted its stake in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) by 65.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,976 shares of the transportation company's stock after purchasing an additional 15,862 shares during the period. Goldman Sachs Group Inc. owned 0.08% of Grupo Aeroportuario Del Pacifico worth $7,416,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PAC. Nuveen LLC purchased a new stake in shares of Grupo Aeroportuario Del Pacifico in the 1st quarter worth about $35,349,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of Grupo Aeroportuario Del Pacifico in the 1st quarter worth about $16,136,000. Carnegie Investment Counsel purchased a new stake in shares of Grupo Aeroportuario Del Pacifico in the 1st quarter worth about $13,756,000. 1832 Asset Management L.P. purchased a new stake in shares of Grupo Aeroportuario Del Pacifico in the 1st quarter worth about $13,027,000. Finally, Deutsche Bank AG lifted its position in shares of Grupo Aeroportuario Del Pacifico by 7.2% in the 1st quarter. Deutsche Bank AG now owns 813,007 shares of the transportation company's stock worth $150,821,000 after purchasing an additional 54,495 shares during the period. 11.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PAC has been the subject of a number of recent research reports. Wall Street Zen cut shares of Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research report 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 report on Thursday, June 12th. 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. Citigroup reissued a "hold" rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday. Finally, Scotiabank raised shares of Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a report on Monday, May 19th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Grupo Aeroportuario Del Pacifico has a consensus rating of "Hold" and a consensus target price of $197.50.

Grupo Aeroportuario Del Pacifico Stock Performance

Shares of NYSE PAC opened at $254.84 on Friday. The firm has a 50 day moving average of $238.18 and a 200 day moving average of $218.10. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $12.88 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 3.18 and a beta of 1.11. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 12-month low of $163.76 and a 12-month high of $259.33.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last posted 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). The firm had revenue of $584.36 million during the quarter, compared to the consensus estimate of $10.86 billion. Grupo Aeroportuario Del Pacifico had a return on equity of 39.81% and a net margin of 24.28%. On average, research analysts anticipate 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 firm also recently declared a semi-annual dividend, which was paid on Monday, August 25th. Investors of record on Wednesday, August 13th were paid a dividend of $4.4656 per share. The ex-dividend date of this dividend 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 yield of 350.0%. Grupo Aeroportuario Del Pacifico's payout ratio is currently 81.85%.

Grupo Aeroportuario Del Pacifico 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.

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