Novem Group Raises Holdings in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC)

Novem Group increased its holdings in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) by 32.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,997 shares of the transportation company's stock after buying an additional 1,475 shares during the quarter. Novem Group's holdings in Grupo Aeroportuario Del Pacifico were worth $1,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. WCM Investment Management LLC grew its stake in Grupo Aeroportuario Del Pacifico by 24.9% during the 1st quarter. WCM Investment Management LLC now owns 4,968 shares of the transportation company's stock worth $932,000 after buying an additional 991 shares during the last quarter. GHP Investment Advisors Inc. purchased a new position in Grupo Aeroportuario Del Pacifico during the 1st quarter worth $70,000. ABS Direct Equity Fund LLC grew its stake in Grupo Aeroportuario Del Pacifico by 34.6% during the 1st quarter. ABS Direct Equity Fund LLC now owns 14,200 shares of the transportation company's stock worth $2,634,000 after buying an additional 3,650 shares during the last quarter. Marshall Financial Group LLC grew its stake in Grupo Aeroportuario Del Pacifico by 6.4% during the 1st quarter. Marshall Financial Group LLC now owns 6,305 shares of the transportation company's stock worth $1,170,000 after buying an additional 377 shares during the last quarter. Finally, Albert D Mason Inc. grew its stake in Grupo Aeroportuario Del Pacifico by 20.9% during the 1st quarter. Albert D Mason Inc. now owns 13,416 shares of the transportation company's stock worth $2,489,000 after buying an additional 2,321 shares during the last quarter. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario Del Pacifico Stock Performance

Grupo Aeroportuario Del Pacifico stock traded down $2.29 during trading hours on Friday, hitting $233.25. 96,666 shares of the stock traded hands, compared to its average volume of 80,552. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.68 and a quick ratio of 1.68. The firm's 50 day moving average price is $224.10 and its 200-day moving average price is $200.86. The stock has a market capitalization of $11.79 billion, a price-to-earnings ratio of 24.58, a P/E/G ratio of 2.36 and a beta of 1.09. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 1 year low of $146.62 and a 1 year high of $241.62.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last issued its quarterly earnings data 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 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 analyst estimates of $554.93 million. As a group, equities analysts expect that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 EPS for the current fiscal year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, June 9th. Stockholders of record on Tuesday, May 27th were paid a $4.3222 dividend. This is an increase from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $3.87. The ex-dividend date was Tuesday, May 27th. This represents a dividend yield of 3.4%. Grupo Aeroportuario Del Pacifico's dividend payout ratio is presently 40.89%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PAC shares. Wall Street Zen downgraded Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. 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, Bank of America downgraded Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research note on Thursday, June 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus 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.