IQ EQ FUND MANAGEMENT IRELAND Ltd Makes New Investment in 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 purchased a new stake in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,487 shares of the transportation company's stock, valued at approximately $1,389,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. LPL Financial LLC acquired a new stake in Grupo Aeroportuario Del Pacifico during the 4th quarter worth $470,000. O Shaughnessy Asset Management LLC grew its holdings in Grupo Aeroportuario Del Pacifico by 8.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 7,551 shares of the transportation company's stock worth $1,321,000 after acquiring an additional 590 shares during the period. Geode Capital Management LLC grew its holdings in Grupo Aeroportuario Del Pacifico by 6.1% during the 4th quarter. Geode Capital Management LLC now owns 2,615 shares of the transportation company's stock worth $458,000 after acquiring an additional 150 shares during the period. Envestnet Asset Management Inc. grew its holdings in Grupo Aeroportuario Del Pacifico by 21.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 8,018 shares of the transportation company's stock worth $1,403,000 after acquiring an additional 1,436 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Grupo Aeroportuario Del Pacifico during the 4th quarter worth $875,000. Institutional investors and hedge funds own 11.73% of the company's stock.

Grupo Aeroportuario Del Pacifico Stock Down 0.4%

PAC traded down $0.99 during trading on Friday, hitting $241.06. The company had a trading volume of 35,763 shares, compared to its average volume of 83,890. The company has a market capitalization of $12.18 billion, a PE ratio of 25.01, a PEG ratio of 2.94 and a beta of 1.14. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a one year low of $151.65 and a one year high of $244.01. The firm's 50-day moving average price is $229.33 and its 200 day moving average price is $208.48. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.02.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last posted its quarterly earnings data 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 company 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%. As a group, equities 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 disclosed a semi-annual dividend, which will be paid on Monday, August 25th. Investors of record on Wednesday, August 13th will be given a $4.4656 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a yield of 350.0%. This is an increase from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. Grupo Aeroportuario Del Pacifico's payout ratio is presently 40.25%.

Wall Street Analyst Weigh In

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

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.