190,549 Shares in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC Purchased by Nuveen LLC

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

Other large investors also recently bought and sold shares of the company. LPL Financial LLC acquired a new stake in shares of Grupo Aeroportuario Del Pacifico during the 4th quarter valued at approximately $470,000. Geode Capital Management LLC raised its holdings in shares of Grupo Aeroportuario Del Pacifico 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 period. Envestnet Asset Management Inc. lifted its position in shares of Grupo Aeroportuario Del Pacifico by 21.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 8,018 shares of the transportation company's stock worth $1,403,000 after buying an additional 1,436 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Grupo Aeroportuario Del Pacifico in the 4th quarter valued at about $875,000. Finally, Barclays PLC bought a new stake in shares of Grupo Aeroportuario Del Pacifico during the 4th quarter valued at about $483,000. Institutional investors own 11.73% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Scotiabank raised shares of Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a report on Monday, May 19th. Bank of America downgraded Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a report on Thursday, June 12th. Wall Street Zen lowered Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a research note on Friday, May 23rd. One equities research 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $200.00.

Grupo Aeroportuario Del Pacifico Price Performance

PAC stock traded up $0.20 during trading hours on Thursday, hitting $250.39. 10,821 shares of the stock traded hands, compared to its average volume of 89,190. The stock has a 50-day simple moving average of $231.49 and a 200 day simple moving average of $211.78. The company has a market cap of $12.65 billion, a P/E ratio of 25.98, a P/E/G ratio of 3.11 and a beta of 1.14. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a one year low of $156.48 and a one year high of $256.22. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.02.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The transportation company reported $2.70 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $584.36 million for the quarter, compared to the consensus estimate of $10.86 billion. Equities analysts forecast that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 earnings per share for the current year.

Grupo Aeroportuario Del Pacifico Increases Dividend

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

About Grupo Aeroportuario Del Pacifico

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.