Grupo Aeroportuario Del Pacifico (NYSE:PAC) Reaches New 1-Year High - Here's What Happened

Key Points

• Grupo Aeroportuario Del Pacifico shares reached a new 52-week high of $257.00, reflecting a recent overall positive trading trend for the company.
• The company announced an increase in its semi-annual dividend to $4.4656 per share, representing a yield of 350.0% and highlighting strong company performance despite missing earnings estimates.
• Recent analyst ratings reveal a consensus of "Hold" for the stock, with some upgrades and downgrades occurred, indicating mixed investor sentiment around future growth potential.

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $257.00 and last traded at $256.54, with a volume of 22754 shares changing hands. The stock had previously closed at $248.22.

Analyst Ratings Changes

A number of research firms have recently issued reports on PAC. JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a research note on Friday, May 23rd. Citigroup reiterated a "hold" rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, September 10th. Bank of America cut shares of Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research note on Thursday, June 12th. Scotiabank upgraded shares of Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, May 19th. Finally, Wall Street Zen cut shares of Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $197.50.

Grupo Aeroportuario Del Pacifico Stock Down 1.9%

The firm's 50-day moving average is $238.95 and its two-hundred day moving average is $218.91. 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 stock has a market cap of $12.45 billion, a P/E ratio of 25.56, a PEG ratio of 3.11 and a beta of 1.11.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last released its earnings results on Monday, July 21st. The transportation company reported $2.70 EPS for the quarter, missing analysts' consensus estimates of $2.75 by ($0.05). Grupo Aeroportuario Del Pacifico had a return on equity of 39.81% and a net margin of 24.28%.The business had revenue of $584.36 million for the quarter, compared to analyst estimates of $10.86 billion. 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 year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, August 25th. Shareholders of record on Wednesday, August 13th were issued a dividend of $4.4656 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a yield of 350.0%. This is a boost from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. Grupo Aeroportuario Del Pacifico's dividend payout ratio (DPR) is presently 81.95%.

Institutional Trading of Grupo Aeroportuario Del Pacifico

A number of institutional investors have recently bought and sold shares of PAC. Bank of America Corp DE grew its holdings in Grupo Aeroportuario Del Pacifico by 60.2% during the 4th quarter. Bank of America Corp DE now owns 17,736 shares of the transportation company's stock worth $3,104,000 after acquiring an additional 6,665 shares during the period. Quantinno Capital Management LP grew its holdings in Grupo Aeroportuario Del Pacifico by 24.3% during the 4th quarter. Quantinno Capital Management LP now owns 2,950 shares of the transportation company's stock worth $516,000 after acquiring an additional 576 shares during the period. Raiffeisen Bank International AG acquired a new stake in Grupo Aeroportuario Del Pacifico during the 4th quarter worth $132,000. Snowden Capital Advisors LLC grew its holdings in shares of Grupo Aeroportuario Del Pacifico by 15.0% in the 4th quarter. Snowden Capital Advisors LLC now owns 1,476 shares of the transportation company's stock valued at $258,000 after buying an additional 193 shares during the period. Finally, Novem Group acquired a new position in shares of Grupo Aeroportuario Del Pacifico in the 4th quarter valued at $791,000. Institutional investors and hedge funds own 11.73% of the company's stock.

Grupo Aeroportuario Del Pacifico Company 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.