The Manufacturers Life Insurance Company Sells 2,518 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

The Manufacturers Life Insurance Company lowered its stake in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 28.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,299 shares of the transportation company's stock after selling 2,518 shares during the quarter. The Manufacturers Life Insurance Company's holdings in Grupo Aeroportuario del Pacífico were worth $1,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of PAC. Kestra Private Wealth Services LLC grew its holdings in Grupo Aeroportuario del Pacífico by 7.1% in the fourth quarter. Kestra Private Wealth Services LLC now owns 2,908 shares of the transportation company's stock worth $509,000 after purchasing an additional 194 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Grupo Aeroportuario del Pacífico by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 811 shares of the transportation company's stock worth $144,000 after purchasing an additional 237 shares during the period. JPMorgan Chase & Co. grew its holdings in Grupo Aeroportuario del Pacífico by 26.2% in the third quarter. JPMorgan Chase & Co. now owns 2,158 shares of the transportation company's stock worth $376,000 after purchasing an additional 448 shares during the period. Janney Montgomery Scott LLC grew its holdings in Grupo Aeroportuario del Pacífico by 7.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 92,372 shares of the transportation company's stock worth $16,164,000 after purchasing an additional 6,139 shares during the period. Finally, US Bancorp DE grew its holdings in Grupo Aeroportuario del Pacífico by 22.1% in the fourth quarter. US Bancorp DE now owns 547 shares of the transportation company's stock worth $96,000 after purchasing an additional 99 shares during the period. Hedge funds and other institutional investors own 11.73% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Barclays reiterated an "equal weight" rating on shares of Grupo Aeroportuario del Pacífico in a research note on Tuesday, January 21st. StockNews.com upgraded shares of Grupo Aeroportuario del Pacífico from a "sell" rating to a "hold" rating in a research note on Saturday, April 26th. Bank of America downgraded shares of Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a research note on Tuesday, March 4th. Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and upped their target price for the stock from $140.00 to $210.00 in a research note on Wednesday, February 12th. Finally, Scotiabank upgraded shares of Grupo Aeroportuario del Pacífico from a "sector perform" rating to a "sector outperform" rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Grupo Aeroportuario del Pacífico presently has a consensus rating of "Hold" and an average target price of $200.00.

Grupo Aeroportuario del Pacífico Stock Performance

Grupo Aeroportuario del Pacífico stock traded up $6.44 during midday trading on Monday, reaching $228.91. 83,407 shares of the company traded hands, compared to its average volume of 73,021. The firm has a market capitalization of $11.57 billion, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 1.28 and a beta of 1.10. The business has a 50 day moving average of $196.65 and a two-hundred day moving average of $190.22. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 12 month low of $146.62 and a 12 month high of $229.10. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $2.72 earnings per share for the quarter, missing analysts' consensus estimates of $3.13 by ($0.41). The company had revenue of $541.03 million for the quarter, compared to the consensus estimate of $554.93 million. Grupo Aeroportuario del Pacífico had a net margin of 27.04% and a return on equity of 43.75%. As a group, research analysts predict that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 earnings per share for the current year.

Grupo Aeroportuario del Pacífico Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 27th will be given a dividend of $4.3222 per share. This is an increase from Grupo Aeroportuario del Pacífico's previous semi-annual dividend of $3.87. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a yield of 3.4%. Grupo Aeroportuario del Pacífico's dividend payout ratio is 40.78%.

Grupo Aeroportuario del Pacífico 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.