Deutsche Bank AG Purchases 54,495 Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC)

Key Points

• Deutsche Bank AG increased its stake in Grupo Aeroportuario Del Pacifico by 7.2%, owning 1.61% of the company valued at approximately $150.8 million.
• The company's dividend will increase to $4.4656, representing a yield of 350.0%, with the ex-dividend date set for August 13th.
• Grupo Aeroportuario Del Pacifico missed earnings expectations, reporting $2.70 per share, below the consensus estimate of $2.75.

Deutsche Bank AG increased its stake in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) by 7.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 813,007 shares of the transportation company's stock after buying an additional 54,495 shares during the quarter. Deutsche Bank AG owned about 1.61% of Grupo Aeroportuario Del Pacifico worth $150,821,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of PAC. Bank of America Corp DE lifted its holdings in Grupo Aeroportuario Del Pacifico by 60.2% during the 4th quarter. Bank of America Corp DE now owns 17,736 shares of the transportation company's stock worth $3,104,000 after buying an additional 6,665 shares during the last quarter. Northern Trust Corp boosted its holdings in Grupo Aeroportuario Del Pacifico by 1,688.3% during the fourth quarter. Northern Trust Corp now owns 75,536 shares of the transportation company's stock valued at $13,218,000 after purchasing an additional 71,312 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Grupo Aeroportuario Del Pacifico by 8,020.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 406 shares of the transportation company's stock valued at $71,000 after purchasing an additional 401 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Grupo Aeroportuario Del Pacifico by 40.8% in the 1st quarter. SG Americas Securities LLC now owns 2,133 shares of the transportation company's stock worth $396,000 after acquiring an additional 618 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Grupo Aeroportuario Del Pacifico in the 4th quarter worth approximately $875,000. Institutional investors and hedge funds own 11.73% of the company's stock.

Grupo Aeroportuario Del Pacifico Stock Performance

Shares of PAC stock traded down $0.19 on Wednesday, reaching $245.44. The stock had a trading volume of 24,395 shares, compared to its average volume of 89,783. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.02. The firm's 50-day moving average is $229.99 and its two-hundred day moving average is $209.41. The firm has a market capitalization of $12.40 billion, a price-to-earnings ratio of 25.47, a P/E/G ratio of 3.01 and a beta of 1.14. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 12 month low of $156.48 and a 12 month high of $251.85.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last issued its earnings results on Monday, July 21st. The transportation company reported $2.70 earnings per share (EPS) 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 net margin of 24.28% and a return on equity of 39.81%. On average, research analysts expect that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 EPS for the current fiscal year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, August 25th. Stockholders of record on Wednesday, August 13th will be issued a $4.4656 dividend. This represents a dividend yield of 350.0%. The ex-dividend date of this dividend is Wednesday, August 13th. This is a positive change from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. Grupo Aeroportuario Del Pacifico's payout ratio is currently 40.25%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PAC. JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a research report on Friday, May 23rd. Scotiabank upgraded shares of Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a research report on Monday, May 19th. Bank of America lowered shares of Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research note on Thursday, June 12th. Finally, Wall Street Zen lowered shares of Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $200.00.

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.