Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Shares Purchased by ABS Direct Equity Fund LLC

ABS Direct Equity Fund LLC lifted its position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) by 34.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,200 shares of the transportation company's stock after acquiring an additional 3,650 shares during the period. Grupo Aeroportuario Del Pacifico accounts for approximately 3.5% of ABS Direct Equity Fund LLC's investment portfolio, making the stock its 11th biggest holding. ABS Direct Equity Fund LLC's holdings in Grupo Aeroportuario Del Pacifico were worth $2,634,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its holdings in Grupo Aeroportuario Del Pacifico by 32.1% in the fourth quarter. Signaturefd LLC now owns 333 shares of the transportation company's stock valued at $58,000 after purchasing an additional 81 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Grupo Aeroportuario Del Pacifico 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 buying an additional 59 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Grupo Aeroportuario Del Pacifico by 8,020.0% in the fourth 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 last quarter. Blue Trust Inc. grew its holdings in Grupo Aeroportuario Del Pacifico by 13.6% during the fourth 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 period. Finally, US Bancorp DE raised its position in Grupo Aeroportuario Del Pacifico by 22.1% during the fourth quarter. US Bancorp DE now owns 547 shares of the transportation company's stock valued at $96,000 after acquiring an additional 99 shares in the last quarter. Institutional investors and hedge funds own 11.73% of the company's stock.

Analyst Ratings Changes

PAC has been the subject of a number of analyst reports. Scotiabank raised Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a report on Monday, May 19th. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a report on Friday, May 23rd. Wall Street Zen raised shares of Grupo Aeroportuario Del Pacifico from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Bank of America cut shares of Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a report on Thursday, June 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Grupo Aeroportuario Del Pacifico currently has an average rating of "Moderate Buy" and an average target price of $200.00.

Grupo Aeroportuario Del Pacifico Price Performance

Grupo Aeroportuario Del Pacifico stock traded down $0.06 during trading on Wednesday, reaching $223.80. The company had a trading volume of 129,624 shares, compared to its average volume of 76,625. The firm has a market capitalization of $11.31 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 2.32 and a beta of 1.12. The firm's 50-day simple moving average is $215.11 and its 200 day simple moving average is $197.36. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.68 and a current ratio of 1.68. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 1-year low of $146.62 and a 1-year high of $241.62.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported $2.72 EPS for the quarter, missing analysts' consensus estimates of $3.13 by ($0.41). Grupo Aeroportuario Del Pacifico had a return on equity of 37.67% and a net margin of 25.64%. The company had revenue of $541.03 million for the quarter, compared to analysts' expectations of $554.93 million. As a group, equities research analysts anticipate 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 company also recently disclosed a semi-annual dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th were paid a dividend of $4.3222 per share. This is a positive change from Grupo Aeroportuario Del Pacifico'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 Pacifico's payout ratio is 40.89%.

Grupo Aeroportuario Del Pacifico 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.