Bank of America Corp DE Has $3.10 Million Stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Bank of America Corp DE lifted its holdings in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 60.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,736 shares of the transportation company's stock after acquiring an additional 6,665 shares during the quarter. Bank of America Corp DE's holdings in Grupo Aeroportuario del Pacífico were worth $3,104,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PAC. Blue Trust Inc. lifted its holdings in Grupo Aeroportuario del Pacífico by 13.6% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the transportation company's stock valued at $78,000 after purchasing an additional 53 shares during the last quarter. Signaturefd LLC raised its holdings in Grupo Aeroportuario del Pacífico by 32.1% in the 4th quarter. Signaturefd LLC now owns 333 shares of the transportation company's stock valued at $58,000 after acquiring an additional 81 shares during the period. Financial Advocates Investment Management lifted its position in Grupo Aeroportuario del Pacífico by 3.7% during the fourth quarter. Financial Advocates Investment Management now owns 2,487 shares of the transportation company's stock worth $435,000 after acquiring an additional 88 shares during the last quarter. US Bancorp DE lifted its position in Grupo Aeroportuario del Pacífico by 22.1% during the fourth 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 last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Grupo Aeroportuario del Pacífico by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 2,615 shares of the transportation company's stock worth $458,000 after acquiring an additional 150 shares during the period. 11.73% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario del Pacífico Price Performance

NYSE:PAC traded up $3.05 during mid-day trading on Wednesday, reaching $232.10. The stock had a trading volume of 80,718 shares, compared to its average volume of 73,864. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 12 month low of $146.62 and a 12 month high of $238.01. The stock has a market capitalization of $11.73 billion, a PE ratio of 23.07, a P/E/G ratio of 1.28 and a beta of 1.10. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a 50-day simple moving average of $206.10 and a two-hundred day simple moving average of $194.35.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last issued its quarterly 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 net margin of 27.04% and a return on equity of 43.75%. The business had revenue of $541.03 million during the quarter, compared to the consensus estimate of $554.93 million. On average, equities analysts anticipate that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 earnings per share for the current year.

Grupo Aeroportuario del Pacífico Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 27th will be given a dividend of $4.3222 per share. This represents a yield of 3.4%. 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. Grupo Aeroportuario del Pacífico's dividend payout ratio is currently 40.89%.

Wall Street Analysts Forecast Growth

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

Grupo Aeroportuario del Pacífico 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.