Virtu Financial LLC Takes $337,000 Position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Key Points

• Virtu Financial LLC has invested approximately $337,000 in Grupo Aeroportuario Del Pacifico, acquiring 1,815 shares in the first quarter.
• The company recently announced an increase in its semi-annual dividend to $4.4656 per share, reflecting a significant dividend yield of 350.0%.
• Grupo Aeroportuario Del Pacifico's stock has a current market cap of $12.59 billion and reported a net margin of 24.28% in its latest earnings results.

Virtu Financial LLC acquired a new position in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,815 shares of the transportation company's stock, valued at approximately $337,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PAC. LPL Financial LLC purchased a new stake in Grupo Aeroportuario Del Pacifico in the 4th quarter worth approximately $470,000. Geode Capital Management LLC boosted its position in Grupo Aeroportuario Del Pacifico by 6.1% during the 4th 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. grew its stake in shares of Grupo Aeroportuario Del Pacifico by 21.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 8,018 shares of the transportation company's stock valued at $1,403,000 after acquiring an additional 1,436 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Grupo Aeroportuario Del Pacifico during the fourth quarter valued at about $875,000. Finally, Barclays PLC acquired a new stake in shares of Grupo Aeroportuario Del Pacifico during the fourth quarter valued at about $483,000. 11.73% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario Del Pacifico Price Performance

NYSE:PAC traded up $2.3240 during midday trading on Tuesday, hitting $254.2040. 19,860 shares of the stock were exchanged, compared to its average volume of 89,341. The company has a market capitalization of $12.84 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 3.08 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. 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 business has a 50-day moving average price of $230.91 and a two-hundred day moving average price of $211.23.

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 analysts' consensus estimates of $2.75 by ($0.05). The firm had revenue of $584.36 million during the quarter, compared to analyst estimates of $10.86 billion. Grupo Aeroportuario Del Pacifico had a return on equity of 39.81% and a net margin of 24.28%. Sell-side analysts predict 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 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 81.74%.

Analyst Ratings Changes

Several analysts have recently weighed in on PAC shares. 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. Bank of America downgraded Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research note on Thursday, June 12th. 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 investment 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, Grupo Aeroportuario Del Pacifico has a consensus rating of "Moderate Buy" and a consensus target price of $200.00.

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.