Walleye Capital LLC Purchases New Stake in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Key Points

• Walleye Capital LLC acquired a new stake in Grupo Aeroportuario Del Pacifico, purchasing 2,460 shares worth approximately $456,000 in the first quarter.
• The company announced a semi-annual dividend increase to $4.4656 per share, reflecting a 350.0% yield and a payout ratio of 81.95%.
• Banco de America downgraded Grupo Aeroportuario Del Pacifico from "neutral" to "underperform," while other analysts maintain a consensus rating of "Hold" with an average target price of $197.50.

Walleye Capital LLC purchased a new stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,460 shares of the transportation company's stock, valued at approximately $456,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Deutsche Bank AG lifted its holdings in Grupo Aeroportuario Del Pacifico by 82.0% during the fourth quarter. Deutsche Bank AG now owns 758,512 shares of the transportation company's stock valued at $132,732,000 after purchasing an additional 341,661 shares during the last quarter. Nuveen LLC purchased a new stake in Grupo Aeroportuario Del Pacifico during the first quarter valued at about $35,349,000. Carnegie Investment Counsel purchased a new stake in Grupo Aeroportuario Del Pacifico during the first quarter valued at about $13,756,000. Northern Trust Corp lifted its holdings in Grupo Aeroportuario Del Pacifico by 1,688.3% during the fourth quarter. Northern Trust Corp now owns 75,536 shares of the transportation company's stock valued at $13,218,000 after purchasing an additional 71,312 shares during the last quarter. Finally, 1832 Asset Management L.P. purchased a new stake in Grupo Aeroportuario Del Pacifico during the first quarter valued at about $13,027,000. Institutional investors own 11.73% of the company's stock.

Grupo Aeroportuario Del Pacifico Trading Up 1.1%

Shares of PAC opened at $243.68 on Wednesday. The firm's 50 day simple moving average is $235.04 and its 200 day simple moving average is $215.17. The company has a market capitalization of $12.31 billion, a P/E ratio of 25.28, a P/E/G ratio of 2.98 and a beta of 1.11. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.95 and a quick ratio of 0.95. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 1-year low of $163.76 and a 1-year high of $256.22.

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 for the quarter, missing analysts' consensus estimates of $2.75 by ($0.05). The company had revenue of $584.36 million during the quarter, compared to analysts' expectations of $10.86 billion. Grupo Aeroportuario Del Pacifico had a net margin of 24.28% and a return on equity of 39.81%. Sell-side analysts forecast 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 business also recently announced a semi-annual dividend, which was paid on Monday, August 25th. Investors of record on Wednesday, August 13th were paid a $4.4656 dividend. This is an increase from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. This represents a yield of 350.0%. The ex-dividend date of this dividend was Wednesday, August 13th. Grupo Aeroportuario Del Pacifico's payout ratio is 81.95%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PAC shares. Bank of America downgraded shares of Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a report on Thursday, June 12th. 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. Wall Street Zen downgraded shares of Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, JPMorgan Chase & Co. raised shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a report on Friday, May 23rd. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Grupo Aeroportuario Del Pacifico currently has a consensus rating of "Hold" and an average target price of $197.50.

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.

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