Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its stake in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) by 21.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,452 shares of the transportation company's stock after selling 8,597 shares during the period. Mackenzie Financial Corp owned 0.06% of Grupo Aeroportuario Del Pacifico worth $5,835,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Grupo Aeroportuario Del Pacifico during the fourth quarter worth about $875,000. American Century Companies Inc. boosted its position in shares of Grupo Aeroportuario Del Pacifico by 5.4% in the 4th quarter. American Century Companies Inc. now owns 46,033 shares of the transportation company's stock valued at $8,055,000 after purchasing an additional 2,366 shares during the period. LPL Financial LLC purchased a new position in Grupo Aeroportuario Del Pacifico during the 4th quarter worth approximately $470,000. Arrowstreet Capital Limited Partnership increased its position in Grupo Aeroportuario Del Pacifico by 317.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 95,750 shares of the transportation company's stock worth $16,755,000 after buying an additional 72,798 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its position in Grupo Aeroportuario Del Pacifico by 8.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,551 shares of the transportation company's stock worth $1,321,000 after buying an additional 590 shares during the period. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Grupo Aeroportuario Del Pacifico Price Performance

Shares of NYSE PAC opened at $228.15 on Friday. The stock has a fifty day moving average price of $228.56 and a 200 day moving average price of $206.87. 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. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $11.53 billion, a PE ratio of 23.67, a P/E/G ratio of 2.79 and a beta of 1.14.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last announced 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). Grupo Aeroportuario Del Pacifico had a return on equity of 39.81% and a net margin of 24.28%. The firm had revenue of $584.36 million for the quarter, compared to analysts' expectations of $10.86 billion. Sell-side analysts forecast that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 EPS for the current year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, June 9th. Investors of record on Tuesday, May 27th were given a $4.3222 dividend. The ex-dividend date was Tuesday, May 27th. This is an increase from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $3.87. This represents a yield of 340.0%. Grupo Aeroportuario Del Pacifico's payout ratio is 40.25%.

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.

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