Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC Shares Acquired by Goldman Sachs Group Inc.

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. boosted 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 & Exchange Commission. The firm owned 39,976 shares of the transportation company's stock after purchasing an additional 15,862 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.08% of Grupo Aeroportuario Del Pacifico worth $7,416,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd purchased a new position in shares of Grupo Aeroportuario Del Pacifico during the 1st quarter valued at about $54,000. Parallel Advisors LLC boosted its position in shares of Grupo Aeroportuario Del Pacifico by 20.3% during the first quarter. Parallel Advisors LLC now owns 350 shares of the transportation company's stock valued at $65,000 after purchasing an additional 59 shares in the last quarter. GHP Investment Advisors Inc. purchased a new position in Grupo Aeroportuario Del Pacifico during the first quarter valued at $70,000. Raiffeisen Bank International AG purchased a new position in Grupo Aeroportuario Del Pacifico during the fourth quarter valued at $132,000. Finally, Focus Partners Advisor Solutions LLC purchased a new position in shares of Grupo Aeroportuario Del Pacifico in the first quarter worth $209,000. Institutional investors own 11.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PAC. Bank of America cut Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research report on Thursday, June 12th. JPMorgan Chase & Co. upgraded Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a research report on Friday, May 23rd. Wall Street Zen cut Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Citigroup reaffirmed a "hold" rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, September 10th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $197.50.

Grupo Aeroportuario Del Pacifico Price Performance

Shares of Grupo Aeroportuario Del Pacifico stock traded up $0.37 on Friday, hitting $252.20. 17,091 shares of the company were exchanged, compared to its average volume of 85,970. The stock has a market capitalization of $12.74 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 3.08 and a beta of 1.11. The company has a 50-day moving average price of $239.78 and a 200 day moving average price of $219.57. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 1-year low of $163.76 and a 1-year high of $259.33. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.02.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The transportation company reported $2.70 EPS for the quarter, missing analysts' consensus estimates of $2.75 by ($0.05). The business had revenue of $584.36 million during the quarter, compared to analyst estimates of $10.86 billion. Grupo Aeroportuario Del Pacifico had a net margin of 24.28% and a return on equity of 39.81%. As a group, sell-side analysts predict 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 firm also recently announced a semi-annual dividend, which was paid on Monday, August 25th. Investors of record on Wednesday, August 13th were issued a $4.4656 dividend. This represents a yield of 350.0%. This is a boost from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. The ex-dividend date of this dividend was Wednesday, August 13th. Grupo Aeroportuario Del Pacifico's dividend payout ratio is currently 81.85%.

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.