Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 128,974 shares of the transportation company's stock after selling 10,006 shares during the period. Nuveen Asset Management LLC owned approximately 0.26% of Grupo Aeroportuario del Pacífico worth $22,569,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in Grupo Aeroportuario del Pacífico by 13.6% in the 4th quarter. Blue Trust Inc. now owns 443 shares of the transportation company's stock valued at $78,000 after buying an additional 53 shares during the last quarter. Signaturefd LLC boosted its position in Grupo Aeroportuario del Pacífico by 32.1% in the 4th quarter. Signaturefd LLC now owns 333 shares of the transportation company's stock valued at $58,000 after buying an additional 81 shares during the last quarter. Financial Advocates Investment Management boosted its position in Grupo Aeroportuario del Pacífico by 3.7% in the 4th quarter. Financial Advocates Investment Management now owns 2,487 shares of the transportation company's stock valued at $435,000 after buying an additional 88 shares during the last quarter. US Bancorp DE lifted its position in shares of Grupo Aeroportuario del Pacífico by 22.1% during the fourth quarter. US Bancorp DE now owns 547 shares of the transportation company's stock worth $96,000 after purchasing an additional 99 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Grupo Aeroportuario del Pacífico by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 2,615 shares of the transportation company's stock worth $458,000 after purchasing an additional 150 shares during the last quarter. 11.73% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Pacífico Stock Performance

NYSE PAC traded up $0.60 during trading hours on Thursday, reaching $228.74. The company's stock had a trading volume of 13,403 shares, compared to its average volume of 85,803. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. The business has a 50-day simple moving average of $202.05 and a 200 day simple moving average of $192.57. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 52 week low of $146.62 and a 52 week high of $234.21. The stock has a market cap of $11.56 billion, a PE ratio of 22.77, a PEG ratio of 1.28 and a beta of 1.10.

Grupo Aeroportuario del Pacífico (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 Pacífico had a return on equity of 43.75% and a net margin of 27.04%. The business had revenue of $541.03 million during the quarter, compared to the consensus estimate of $554.93 million. Equities research analysts predict 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 firm also recently announced a semi-annual dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th will be issued a $4.3222 dividend. The ex-dividend date is Tuesday, May 27th. This represents a yield of 3.4%. This is a boost from Grupo Aeroportuario del Pacífico's previous semi-annual dividend of $3.87. Grupo Aeroportuario del Pacífico's dividend payout ratio (DPR) is currently 40.78%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PAC. Scotiabank raised 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 raised shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and increased their price target for the stock from $140.00 to $210.00 in a research report on Wednesday, February 12th. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario del Pacífico from an "underweight" rating to a "neutral" rating in a research report on Friday, May 23rd. Wall Street Zen raised shares of Grupo Aeroportuario del Pacífico from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Bank of America cut shares of Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a research report on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $200.00.

About Grupo Aeroportuario del Pacífico

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.