Novem Group Acquires New Holdings in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

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

Several other large investors have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD increased its position in shares of Grupo Aeroportuario del Pacífico by 22.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,056,454 shares of the transportation company's stock worth $184,870,000 after buying an additional 190,955 shares during the period. Deutsche Bank AG increased its position in shares of Grupo Aeroportuario del Pacífico 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 period. Lazard Asset Management LLC increased its position in shares of Grupo Aeroportuario del Pacífico by 4.1% during the fourth quarter. Lazard Asset Management LLC now owns 665,506 shares of the transportation company's stock worth $116,455,000 after buying an additional 25,918 shares during the period. Itau Unibanco Holding S.A. increased its position in shares of Grupo Aeroportuario del Pacífico by 31.0% during the fourth quarter. Itau Unibanco Holding S.A. now owns 174,266 shares of the transportation company's stock worth $30,495,000 after buying an additional 41,266 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Grupo Aeroportuario del Pacífico by 317.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 95,750 shares of the transportation company's stock worth $16,755,000 after buying an additional 72,798 shares during the period. Institutional investors own 11.73% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PAC shares. Scotiabank upgraded shares of Grupo Aeroportuario del Pacífico from a "sector perform" rating to a "sector outperform" rating in a research report on Monday, May 19th. Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and increased their price objective for the stock from $140.00 to $210.00 in a research report on Wednesday, February 12th. JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario del Pacífico from an "underweight" rating to a "neutral" rating in a research report on Friday. Bank of America cut shares of Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a report on Tuesday, March 4th. Finally, Wall Street Zen upgraded shares of Grupo Aeroportuario del Pacífico from a "hold" rating to a "buy" rating in a report on Thursday. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $200.00.

Grupo Aeroportuario del Pacífico Stock Up 2.4%

NYSE:PAC traded up $5.47 during trading hours on Friday, reaching $232.67. The company had a trading volume of 71,927 shares, compared to its average volume of 73,519. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a twelve month low of $146.62 and a twelve month high of $233.62. The firm has a market cap of $11.76 billion, a price-to-earnings ratio of 23.13, a P/E/G ratio of 1.28 and a beta of 1.10. The business's 50-day simple moving average is $199.67 and its two-hundred day simple moving average is $191.66. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08.

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

Grupo Aeroportuario del Pacífico Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th will be paid a $4.3222 dividend. 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. The ex-dividend date of this dividend is Tuesday, May 27th. Grupo Aeroportuario del Pacífico's dividend payout ratio (DPR) is 40.78%.

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.