IQ EQ FUND MANAGEMENT IRELAND Ltd Purchases Shares of 7,487 Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC)

Key Points

• IQ EQ Fund Management Ireland Ltd has acquired 7,487 shares of Grupo Aeroportuario Del Pacifico, valued at approximately $1,389,000, indicating growing institutional interest in the transportation company.
• Grupo Aeroportuario Del Pacifico announced a semi-annual dividend of $4.4656 per share, representing a 350.0% dividend yield, with the ex-dividend date set for August 13th.
• Despite strong performance metrics, including a 24.28% net margin, the company reported a slight earnings miss in their last quarterly results, with EPS of $2.70 compared to the consensus estimate of $2.75.

IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 7,487 shares of the transportation company's stock, valued at approximately $1,389,000.

Other large investors have also recently made changes to their positions in the company. Parallel Advisors LLC lifted its position in shares of Grupo Aeroportuario Del Pacifico by 20.3% during 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 in the last quarter. GHP Investment Advisors Inc. purchased a new stake in shares of Grupo Aeroportuario Del Pacifico in the 1st quarter valued at approximately $70,000. Tower Research Capital LLC TRC increased its stake in 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 valued at $71,000 after purchasing an additional 401 shares during the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of Grupo Aeroportuario Del Pacifico in the 4th quarter valued at about $132,000. Finally, Snowden Capital Advisors LLC raised its holdings in shares of Grupo Aeroportuario Del Pacifico by 15.0% in the fourth quarter. Snowden Capital Advisors LLC now owns 1,476 shares of the transportation company's stock valued at $258,000 after buying an additional 193 shares during the last quarter. 11.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PAC. 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. Scotiabank upgraded Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. upgraded Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a research note 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, August 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $200.00.

Grupo Aeroportuario Del Pacifico Stock Up 0.9%

Shares of PAC stock traded up $2.27 on Thursday, hitting $242.08. The company's stock had a trading volume of 68,983 shares, compared to its average volume of 84,556. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a fifty-two week low of $149.05 and a fifty-two week high of $242.78. The stock has a market capitalization of $12.23 billion, a price-to-earnings ratio of 25.11, a P/E/G ratio of 2.91 and a beta of 1.14. 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 firm's fifty day moving average price is $229.12 and its 200-day moving average price is $208.11.

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 during the quarter, compared to the consensus estimate of $10.86 billion. Research analysts anticipate 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 business also recently declared a semi-annual dividend, which will be paid on Monday, August 25th. Stockholders of record on Wednesday, August 13th will be paid a $4.4656 dividend. This is a boost from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a dividend yield of 350.0%. Grupo Aeroportuario Del Pacifico's dividend payout ratio (DPR) is currently 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.