Russell Investments Group Ltd. Purchases 9,531 Shares of 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 holdings in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) by 10.5% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PAC. Nuveen LLC bought a new stake in shares of Grupo Aeroportuario Del Pacifico during the 1st quarter valued at about $35,349,000. Virtu Financial LLC bought a new position in shares of Grupo Aeroportuario Del Pacifico during the 1st quarter valued at approximately $337,000. Invesco Ltd. grew its stake in shares of Grupo Aeroportuario Del Pacifico by 2.6% during the 1st quarter. Invesco Ltd. now owns 7,461 shares of the transportation company's stock valued at $1,384,000 after acquiring an additional 190 shares during the period. National Bank of Canada FI grew its stake in shares of Grupo Aeroportuario Del Pacifico by 49.6% during the 1st quarter. National Bank of Canada FI now owns 65,978 shares of the transportation company's stock valued at $12,238,000 after acquiring an additional 21,875 shares during the period. Finally, Deutsche Bank AG grew its stake in shares of Grupo Aeroportuario Del Pacifico by 7.2% during the 1st quarter. Deutsche Bank AG now owns 813,007 shares of the transportation company's stock valued at $150,821,000 after acquiring an additional 54,495 shares during the period. 11.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Grupo Aeroportuario Del Pacifico Trading Down 0.3%

Shares of NYSE PAC traded down $0.7110 during trading hours on Thursday, hitting $249.4790. 37,843 shares of the company traded hands, compared to its average volume of 89,380. The stock has a market capitalization of $12.61 billion, a price-to-earnings ratio of 25.88, a price-to-earnings-growth ratio of 3.11 and a beta of 1.14. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.02. The company's 50 day moving average price is $231.49 and its 200 day moving average price is $211.78. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 12 month low of $156.48 and a 12 month high of $256.22.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last released its earnings results 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). The company had revenue of $584.36 million for the quarter, compared to the consensus estimate of $10.86 billion. Grupo Aeroportuario Del Pacifico had a net margin of 24.28% and a return on equity of 39.81%. On average, equities research analysts anticipate that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 earnings per share for the current fiscal year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The firm also recently disclosed 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. This is a boost from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a yield of 350.0%. Grupo Aeroportuario Del Pacifico's dividend payout ratio is currently 81.95%.

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.