Nuveen LLC Buys Shares of 190,549 Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Key Points

• Nuveen LLC acquired 190,549 shares of Grupo Aeroportuario Del Pacifico, valued at approximately $35.3 million, representing about 0.38% ownership as of their latest SEC filing.
• The company recently increased its semi-annual dividend to $4.4656 per share, a positive change from the previous dividend of $4.32, with a yield of 350%.
• Grupo Aeroportuario Del Pacifico experienced mixed analyst ratings, with upgrades and downgrades leading to an average rating of "Hold" and a consensus target price of $200.00.

Nuveen LLC bought a new stake in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 190,549 shares of the transportation company's stock, valued at approximately $35,349,000. Nuveen LLC owned 0.38% of Grupo Aeroportuario Del Pacifico as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Parallel Advisors LLC grew its position in shares of Grupo Aeroportuario Del Pacifico by 20.3% in the first quarter. Parallel Advisors LLC now owns 350 shares of the transportation company's stock valued at $65,000 after purchasing an additional 59 shares during the period. GHP Investment Advisors Inc. acquired a new stake in Grupo Aeroportuario Del Pacifico during the 1st quarter worth $70,000. Tower Research Capital LLC TRC boosted its stake in Grupo Aeroportuario Del Pacifico by 8,020.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 406 shares of the transportation company's stock worth $71,000 after purchasing an additional 401 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in Grupo Aeroportuario Del Pacifico during the 4th quarter worth $132,000. Finally, Snowden Capital Advisors LLC boosted its stake in Grupo Aeroportuario Del Pacifico by 15.0% during the 4th quarter. Snowden Capital Advisors LLC now owns 1,476 shares of the transportation company's stock worth $258,000 after purchasing an additional 193 shares during the last quarter. Institutional investors and hedge funds own 11.73% of the company's stock.

Grupo Aeroportuario Del Pacifico Trading Down 1.1%

Shares of PAC stock traded down $2.6660 on Thursday, hitting $247.5240. 83,452 shares of the stock traded hands, compared to its average volume of 76,056. The firm's 50-day moving average price is $231.78 and its two-hundred day moving average price is $212.20. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a twelve month low of $156.48 and a twelve month high of $256.22. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $12.51 billion, a PE ratio of 25.68, a PEG ratio of 3.09 and a beta of 1.14.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last posted its earnings results on Monday, July 21st. The transportation company reported $2.70 EPS for the quarter, missing analysts' consensus estimates of $2.75 by ($0.05). Grupo Aeroportuario Del Pacifico had a net margin of 24.28% and a return on equity of 39.81%. The company had revenue of $584.36 million during the quarter, compared to analyst estimates of $10.86 billion. As a group, analysts anticipate that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 EPS for the current year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, August 25th. Shareholders of record on Wednesday, August 13th will be given a $4.4656 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This is an increase from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. This represents a yield of 350.0%. Grupo Aeroportuario Del Pacifico's dividend payout ratio is currently 81.95%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a research note on Friday, May 23rd. Scotiabank raised shares of Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, May 19th. Bank of America cut shares of Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research note on Thursday, June 12th. Finally, Wall Street Zen cut shares of Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Grupo Aeroportuario Del Pacifico has an average rating of "Moderate Buy" 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.