Novem Group Buys Shares of 4,522 Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Novem Group purchased a new stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,522 shares of the transportation company's stock, valued at approximately $791,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Northern Trust Corp increased its holdings in shares of Grupo Aeroportuario del Pacífico by 1,688.3% during the fourth quarter. Northern Trust Corp now owns 75,536 shares of the transportation company's stock worth $13,218,000 after purchasing an additional 71,312 shares during the period. Kestra Private Wealth Services LLC grew its holdings in shares of Grupo Aeroportuario del Pacífico by 7.1% during the 4th quarter. Kestra Private Wealth Services LLC now owns 2,908 shares of the transportation company's stock valued at $509,000 after purchasing an additional 194 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Grupo Aeroportuario del Pacífico by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 811 shares of the transportation company's stock worth $144,000 after purchasing an additional 237 shares during the period. JPMorgan Chase & Co. boosted its stake in Grupo Aeroportuario del Pacífico by 26.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,158 shares of the transportation company's stock worth $376,000 after purchasing an additional 448 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Grupo Aeroportuario del Pacífico by 7.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 92,372 shares of the transportation company's stock worth $16,164,000 after buying an additional 6,139 shares during the last quarter. 11.73% of the stock is owned by institutional investors.

Grupo Aeroportuario del Pacífico Trading Up 0.1%

Shares of PAC traded up $0.31 during trading hours on Tuesday, reaching $228.31. The stock had a trading volume of 48,383 shares, compared to its average volume of 73,427. The firm has a 50-day moving average of $200.47 and a 200 day moving average of $192.10. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 52 week low of $146.62 and a 52 week high of $234.30. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. The company has a market cap of $11.54 billion, a P/E ratio of 22.72, a P/E/G ratio of 1.28 and a beta of 1.10.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $2.72 EPS for the quarter, missing analysts' consensus estimates of $3.13 by ($0.41). The firm had revenue of $541.03 million during the quarter, compared to analyst estimates of $554.93 million. Grupo Aeroportuario del Pacífico had a net margin of 27.04% and a return on equity of 43.75%. On average, sell-side analysts expect that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 earnings per share for the current fiscal year.

Grupo Aeroportuario del Pacífico Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PAC. Wall Street Zen raised Grupo Aeroportuario del Pacífico from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Bank of America cut Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a report on Tuesday, March 4th. JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario del Pacífico from an "underweight" rating to a "neutral" rating in a research note on Friday. Jefferies Financial Group raised Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and lifted their price target for the stock from $140.00 to $210.00 in a research note on Wednesday, February 12th. Finally, Scotiabank raised Grupo Aeroportuario del Pacífico from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, May 19th. Four 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $200.00.

Grupo Aeroportuario del Pacífico 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.