Hsbc Holdings PLC Makes New $644,000 Investment in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Key Points

• HSBC Holdings PLC has acquired a new position in Grupo Aeroportuario Del Pacifico, purchasing 3,441 shares valued at approximately $644,000 in the first quarter.
• Grupo Aeroportuario Del Pacifico reported an EPS of $2.70 for the last quarter, missing analysts' expectations, and had revenues of $584.36 million compared to forecasts of $10.86 billion.
• The company has recently increased its semi-annual dividend to $4.4656, which represents a significant yield of 350.0%.

Hsbc Holdings PLC bought a new stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 3,441 shares of the transportation company's stock, valued at approximately $644,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in shares of Grupo Aeroportuario Del Pacifico by 60.2% during the fourth 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 in the last quarter. Northern Trust Corp lifted its stake in Grupo Aeroportuario Del Pacifico by 1,688.3% in the fourth quarter. Northern Trust Corp now owns 75,536 shares of the transportation company's stock valued at $13,218,000 after buying an additional 71,312 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Grupo Aeroportuario Del Pacifico by 8,020.0% during the 4th 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 during the period. SG Americas Securities LLC grew its holdings in 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 buying an additional 618 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Grupo Aeroportuario Del Pacifico in the fourth quarter worth $875,000. Institutional investors and hedge funds own 11.73% of the company's stock.

Grupo Aeroportuario Del Pacifico Price Performance

Shares of Grupo Aeroportuario Del Pacifico stock traded up $2.70 during midday trading on Thursday, reaching $245.24. The company had a trading volume of 31,472 shares, compared to its average volume of 88,147. The stock has a fifty day simple moving average of $235.40 and a 200 day simple moving average of $215.35. The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of 25.44, a price-to-earnings-growth ratio of 2.98 and a beta of 1.11. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 1-year low of $163.76 and a 1-year high of $256.22. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.02.

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 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.05). The firm had revenue of $584.36 million for the quarter, compared to the consensus estimate of $10.86 billion. Grupo Aeroportuario Del Pacifico had a return on equity of 39.81% and a net margin of 24.28%. As a group, equities research analysts forecast 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 company also recently announced a semi-annual dividend, which was paid on Monday, August 25th. Shareholders of record on Wednesday, August 13th were issued a $4.4656 dividend. This represents a yield of 350.0%. This is a boost from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. The ex-dividend date was Wednesday, August 13th. Grupo Aeroportuario Del Pacifico's dividend payout ratio (DPR) is 81.85%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PAC shares. JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a research note on Friday, May 23rd. Scotiabank upgraded shares of Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a report on Monday, May 19th. Wall Street Zen lowered Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Bank of America lowered Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research report on Thursday, June 12th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Grupo Aeroportuario Del Pacifico currently has a consensus rating of "Hold" and a consensus target price of $197.50.

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.