Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC is Albert D Mason Inc.'s 8th Largest Position

Key Points

• Albert D Mason Inc. reduced its stake in Grupo Aeroportuario Del Pacifico by 19.2% in the second quarter, making it the 8th largest position in their portfolio, worth approximately $2.49 million.
• The company recently announced a semi-annual dividend of $4.4656, representing a yield of 350.0%, up from a previous dividend of $4.32.
• Grupo Aeroportuario Del Pacifico reported earnings of $2.70 EPS for the last quarter, missing expectations, and has a consensus rating of "Hold" from analysts.

Albert D Mason Inc. cut its stake in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) by 19.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,834 shares of the transportation company's stock after selling 2,582 shares during the period. Grupo Aeroportuario Del Pacifico makes up approximately 1.8% of Albert D Mason Inc.'s holdings, making the stock its 8th largest holding. Albert D Mason Inc.'s holdings in Grupo Aeroportuario Del Pacifico were worth $2,488,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PAC. Nuveen LLC purchased a new position in shares of Grupo Aeroportuario Del Pacifico during the 1st quarter worth approximately $35,349,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Grupo Aeroportuario Del Pacifico during the 1st quarter valued at $16,136,000. Carnegie Investment Counsel acquired a new position in shares of Grupo Aeroportuario Del Pacifico during the first quarter worth about $13,756,000. 1832 Asset Management L.P. acquired a new position in shares of Grupo Aeroportuario Del Pacifico during the first quarter worth about $13,027,000. Finally, Deutsche Bank AG lifted its stake in shares of Grupo Aeroportuario Del Pacifico by 7.2% during the first quarter. Deutsche Bank AG now owns 813,007 shares of the transportation company's stock worth $150,821,000 after purchasing an additional 54,495 shares in the last quarter. 11.73% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario Del Pacifico Stock Down 0.2%

Shares of NYSE:PAC opened at $221.85 on Friday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $11.21 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 2.86 and a beta of 1.13. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 52 week low of $163.76 and a 52 week high of $259.33. The firm has a 50 day simple moving average of $242.20 and a 200 day simple moving average of $226.31.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The transportation company reported $2.70 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.05). The firm had revenue of $584.36 million during the quarter, compared to analysts' expectations of $10.86 billion. Grupo Aeroportuario Del Pacifico had a net margin of 24.28% and a return on equity of 39.81%. As a group, research analysts expect that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 earnings per share for the current year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, August 25th. Shareholders of record on Wednesday, August 13th were given a $4.4656 dividend. This represents a yield of 350.0%. The ex-dividend date was 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 81.95%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PAC shares. Wall Street Zen downgraded shares of Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Citigroup reaffirmed a "hold" rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, September 10th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $210.00.

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.

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