Mackenzie Financial Corp Sells 28,692 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Mackenzie Financial Corp lessened its position in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 41.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,049 shares of the transportation company's stock after selling 28,692 shares during the quarter. Mackenzie Financial Corp owned approximately 0.08% of Grupo Aeroportuario del Pacífico worth $7,008,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Signaturefd LLC lifted its position in shares of Grupo Aeroportuario del Pacífico by 32.1% during the 4th quarter. Signaturefd LLC now owns 333 shares of the transportation company's stock worth $58,000 after buying an additional 81 shares during the period. Fifth Third Bancorp grew its stake in shares of Grupo Aeroportuario del Pacífico by 327.4% during the fourth quarter. Fifth Third Bancorp now owns 359 shares of the transportation company's stock worth $63,000 after purchasing an additional 275 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Grupo Aeroportuario del Pacífico by 8,020.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 406 shares of the transportation company's stock worth $71,000 after purchasing an additional 401 shares during the period. Blue Trust Inc. grew its stake in shares of Grupo Aeroportuario del Pacífico by 13.6% during the fourth quarter. Blue Trust Inc. now owns 443 shares of the transportation company's stock worth $78,000 after purchasing an additional 53 shares during the period. Finally, US Bancorp DE grew its stake in Grupo Aeroportuario del Pacífico by 22.1% in the fourth quarter. US Bancorp DE now owns 547 shares of the transportation company's stock valued at $96,000 after acquiring an additional 99 shares during the period. Institutional investors and hedge funds own 11.73% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on PAC. Wall Street Zen raised Grupo Aeroportuario del Pacífico from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Jefferies Financial Group raised Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and upped their price objective for the stock from $140.00 to $210.00 in a research report on Wednesday, February 12th. Bank of America cut Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. raised Grupo Aeroportuario del Pacífico from an "underweight" rating to a "neutral" rating in a research report on Friday, May 23rd. Finally, Scotiabank raised Grupo Aeroportuario del Pacífico from a "sector perform" rating to a "sector outperform" rating in a research report on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $200.00.

Grupo Aeroportuario del Pacífico Stock Up 0.2%

PAC traded up $0.48 on Friday, hitting $230.31. 101,696 shares of the company were exchanged, compared to its average volume of 74,136. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 12 month low of $146.62 and a 12 month high of $234.21. The company has a market cap of $11.64 billion, a PE ratio of 22.89, a PEG ratio of 1.28 and a beta of 1.10. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50. The stock's fifty day moving average is $203.57 and its 200-day moving average is $193.49.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported $2.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.13 by ($0.41). Grupo Aeroportuario del Pacífico had a return on equity of 43.75% and a net margin of 27.04%. The company had revenue of $541.03 million for the quarter, compared to the consensus estimate of $554.93 million. Equities research analysts predict that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 EPS for the current fiscal year.

Grupo Aeroportuario del Pacífico Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, May 27th will be given a $4.3222 dividend. This represents a dividend yield of 3.4%. This is a boost from Grupo Aeroportuario del Pacífico's previous semi-annual dividend of $3.87. The ex-dividend date is Tuesday, May 27th. Grupo Aeroportuario del Pacífico's dividend payout ratio (DPR) is presently 40.78%.

About Grupo Aeroportuario del Pacífico

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.