ABS Direct Equity Fund LLC Has $2.63 Million Stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

ABS Direct Equity Fund LLC raised its position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 34.6% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 14,200 shares of the transportation company's stock after buying an additional 3,650 shares during the period. Grupo Aeroportuario del Pacífico comprises approximately 3.5% of ABS Direct Equity Fund LLC's holdings, making the stock its 11th largest holding. ABS Direct Equity Fund LLC's holdings in Grupo Aeroportuario del Pacífico were worth $2,634,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC lifted its stake in shares of Grupo Aeroportuario del Pacífico by 32.1% during the fourth 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. Parallel Advisors LLC boosted its stake in shares of Grupo Aeroportuario del Pacífico by 20.3% in the 1st quarter. Parallel Advisors LLC now owns 350 shares of the transportation company's stock valued at $65,000 after purchasing an additional 59 shares during the last quarter. Tower Research Capital LLC TRC grew its position 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 period. Blue Trust Inc. raised its stake in shares of Grupo Aeroportuario del Pacífico by 13.6% during the fourth quarter. Blue Trust Inc. now owns 443 shares of the transportation company's stock worth $78,000 after buying an additional 53 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of 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 buying an additional 99 shares during the last quarter. 11.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PAC has been the subject of a number of analyst reports. Bank of America lowered shares of Grupo Aeroportuario del Pacífico from a "neutral" rating to an "underperform" rating in a report on Thursday. Wall Street Zen upgraded Grupo Aeroportuario del Pacífico from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Scotiabank upgraded Grupo Aeroportuario del Pacífico from a "sector perform" rating to a "sector outperform" rating in a report on Monday, May 19th. Finally, JPMorgan Chase & Co. raised Grupo Aeroportuario del Pacífico from an "underweight" rating to a "neutral" rating in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $200.00.

Grupo Aeroportuario del Pacífico Trading Down 1.4%

Shares of PAC traded down $3.24 during trading hours on Friday, reaching $230.27. The stock had a trading volume of 138,467 shares, compared to its average volume of 75,908. The company has a market cap of $11.64 billion, a P/E ratio of 22.89, a P/E/G ratio of 1.28 and a beta of 1.12. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 52 week low of $146.62 and a 52 week high of $241.62. 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 has a 50-day moving average of $213.29 and a 200 day moving average of $196.82.

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

Grupo Aeroportuario del Pacífico Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th were issued a dividend of $4.3222 per share. This is an increase from Grupo Aeroportuario del Pacífico's previous semi-annual dividend of $3.87. This represents a yield of 3.4%. The ex-dividend date was Tuesday, May 27th. Grupo Aeroportuario del Pacífico's dividend payout ratio (DPR) is 40.89%.

About Grupo Aeroportuario del Pacífico

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.