National Bank of Canada FI Boosts Holdings in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC)

Key Points

• National Bank of Canada FI increased its stake in Grupo Aeroportuario Del Pacifico by 49.6%, owning 65,978 shares valued at approximately $12.24 million as of its latest SEC filing.
• Grupo Aeroportuario Del Pacifico recently declared a semi-annual dividend of $4.4656 per share, yielding 350.0%, which is an increase from its previous dividend of $4.32.
• Wall Street analysts currently have a consensus rating of "Hold" on the stock, with an average price target of $200.00, despite mixed ratings from different firms.

National Bank of Canada FI grew its stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) by 49.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,978 shares of the transportation company's stock after purchasing an additional 21,875 shares during the quarter. National Bank of Canada FI owned approximately 0.13% of Grupo Aeroportuario Del Pacifico worth $12,238,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Parallel Advisors LLC boosted its stake in shares of Grupo Aeroportuario Del Pacifico by 20.3% during the first quarter. Parallel Advisors LLC now owns 350 shares of the transportation company's stock valued at $65,000 after purchasing an additional 59 shares during the period. Kestra Private Wealth Services LLC boosted its stake in shares of Grupo Aeroportuario Del Pacifico by 2.2% during the first quarter. Kestra Private Wealth Services LLC now owns 2,973 shares of the transportation company's stock valued at $552,000 after purchasing an additional 65 shares during the period. Geode Capital Management LLC boosted its stake in shares of Grupo Aeroportuario Del Pacifico by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 2,615 shares of the transportation company's stock valued at $458,000 after purchasing an additional 150 shares during the period. Snowden Capital Advisors LLC boosted its stake in shares of Grupo Aeroportuario Del Pacifico by 15.0% during the fourth quarter. Snowden Capital Advisors LLC now owns 1,476 shares of the transportation company's stock valued at $258,000 after purchasing an additional 193 shares during the period. Finally, Ethic Inc. boosted its stake in shares of Grupo Aeroportuario Del Pacifico by 11.9% during the fourth quarter. Ethic Inc. now owns 1,846 shares of the transportation company's stock valued at $323,000 after purchasing an additional 197 shares during the period. Hedge funds and other institutional investors own 11.73% of the company's stock.

Grupo Aeroportuario Del Pacifico Stock Up 2.1%

Grupo Aeroportuario Del Pacifico stock traded up $5.05 on Friday, hitting $249.25. 42,541 shares of the stock traded hands, compared to its average volume of 81,181. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.02. The firm has a market cap of $12.59 billion, a P/E ratio of 25.86, a price-to-earnings-growth ratio of 3.02 and a beta of 1.14. The business's fifty day simple moving average is $230.64 and its 200 day simple moving average is $210.48. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 1 year low of $156.48 and a 1 year high of $251.85.

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 the consensus estimate of $2.75 by ($0.05). The firm had revenue of $584.36 million for 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, sell-side 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 disclosed a semi-annual dividend, which will be paid on Monday, August 25th. Shareholders of record on Wednesday, August 13th will be given a dividend of $4.4656 per share. This is an increase from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. This represents a yield of 350.0%. The ex-dividend date of this dividend is Wednesday, August 13th. Grupo Aeroportuario Del Pacifico's payout ratio is 81.74%.

Wall Street Analysts Forecast Growth

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

Grupo Aeroportuario Del Pacifico 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.