Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Shares Bought by Novem Group

Novem Group boosted its stake in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) by 32.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,997 shares of the transportation company's stock after acquiring an additional 1,475 shares during the period. Novem Group's holdings in Grupo Aeroportuario Del Pacifico were worth $1,113,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of PAC. Price T Rowe Associates Inc. MD increased its stake in Grupo Aeroportuario Del Pacifico by 22.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,056,454 shares of the transportation company's stock valued at $184,870,000 after purchasing an additional 190,955 shares during the period. Deutsche Bank AG grew its holdings in shares of Grupo Aeroportuario Del Pacifico by 82.0% during the fourth quarter. Deutsche Bank AG now owns 758,512 shares of the transportation company's stock worth $132,732,000 after buying an additional 341,661 shares during the last quarter. Lazard Asset Management LLC increased its position in Grupo Aeroportuario Del Pacifico by 4.1% in the 4th quarter. Lazard Asset Management LLC now owns 665,506 shares of the transportation company's stock valued at $116,455,000 after acquiring an additional 25,918 shares during the period. Itau Unibanco Holding S.A. increased its position in Grupo Aeroportuario Del Pacifico by 31.0% in the 4th quarter. Itau Unibanco Holding S.A. now owns 174,266 shares of the transportation company's stock valued at $30,495,000 after acquiring an additional 41,266 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in Grupo Aeroportuario Del Pacifico by 317.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 95,750 shares of the transportation company's stock valued at $16,755,000 after acquiring an additional 72,798 shares during the last quarter. Institutional investors and hedge funds own 11.73% of the company's stock.

Grupo Aeroportuario Del Pacifico Price Performance

Shares of PAC traded down $2.29 during trading hours on Friday, reaching $233.25. The company had a trading volume of 96,666 shares, compared to its average volume of 80,354. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.62. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 12-month low of $146.62 and a 12-month high of $241.62. The firm has a 50 day simple moving average of $223.55 and a 200-day simple moving average of $200.27. The company has a market capitalization of $11.79 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 2.39 and a beta of 1.09.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last issued its earnings results on Tuesday, April 29th. The transportation company reported $2.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.13 by ($0.41). Grupo Aeroportuario Del Pacifico had a net margin of 25.64% and a return on equity of 37.67%. The company had revenue of $541.03 million during the quarter, compared to analysts' expectations of $554.93 million. Research 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 company also recently disclosed a semi-annual dividend, which was paid on Monday, June 9th. Investors of record on Tuesday, May 27th were issued a dividend of $4.3222 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This is a boost from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $3.87. This represents a yield of 3.4%. Grupo Aeroportuario Del Pacifico's payout ratio is currently 40.89%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PAC. Bank of America downgraded Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research note on Thursday, June 12th. 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. Wall Street Zen lowered shares of Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Finally, JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a research report on Friday, May 23rd. One investment 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target 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.