Russell Investments Group Ltd. Boosts Stock Holdings in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Key Points

• Russell Investments Group Ltd. increased its stake in Grupo Aeroportuario Del Pacifico by 10.5% during the first quarter, acquiring 9,531 additional shares, bringing its total to 100,263 shares valued at approximately $18.6 million.
• The company announced a semi-annual dividend of $4.4656 per share, an increase from the previous $4.32, representing a yield of 350.0% with a payout ratio of 81.74%.
• Analyst ratings are mixed, with one downgrade to "hold" and a consensus target price of $200.00, while the stock has a current valuation with a market cap of $12.59 billion, opening at $249.25.

Russell Investments Group Ltd. increased its stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) by 10.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,263 shares of the transportation company's stock after buying an additional 9,531 shares during the quarter. Russell Investments Group Ltd. owned about 0.20% of Grupo Aeroportuario Del Pacifico worth $18,600,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Parallel Advisors LLC grew its holdings in shares of Grupo Aeroportuario Del Pacifico by 20.3% during the first quarter. Parallel Advisors LLC now owns 350 shares of the transportation company's stock valued at $65,000 after buying an additional 59 shares during the last quarter. GHP Investment Advisors Inc. purchased a new position in Grupo Aeroportuario Del Pacifico during the 1st quarter worth approximately $70,000. Tower Research Capital LLC TRC raised its position 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 buying an additional 401 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in Grupo Aeroportuario Del Pacifico during the 4th quarter worth approximately $132,000. Finally, Snowden Capital Advisors LLC raised its position 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 buying an additional 193 shares during the last quarter. 11.73% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario Del Pacifico Price Performance

Shares of NYSE:PAC traded up $1.4150 during midday trading on Friday, reaching $248.8650. 11,181 shares of the company's stock traded hands, compared to its average volume of 89,173. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 1 year low of $156.48 and a 1 year high of $256.22. The company has a market cap of $12.58 billion, a P/E ratio of 25.77, a PEG ratio of 3.09 and a beta of 1.14. 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 company has a fifty day simple moving average of $231.78 and a two-hundred day simple moving average of $212.20.

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

Grupo Aeroportuario Del Pacifico Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, August 25th. Stockholders of record on Wednesday, August 13th will be given a dividend of $4.4656 per share. This is a positive change from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. The ex-dividend date is Wednesday, August 13th. This represents a dividend yield of 350.0%. Grupo Aeroportuario Del Pacifico's payout ratio is 81.95%.

Analysts Set New Price Targets

PAC has been the topic of a number of recent research reports. Bank of America downgraded Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research note on Thursday, June 12th. Wall Street Zen downgraded Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Scotiabank upgraded Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, May 19th. Finally, JPMorgan Chase & Co. upgraded Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a research note on Friday, May 23rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Grupo Aeroportuario Del Pacifico presently has an average rating of "Moderate Buy" and a consensus target price of $200.00.

Grupo Aeroportuario Del Pacifico 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.