Grupo Aeroportuario Del Pacifico (NYSE:PAC) Hits New 52-Week High - What's Next?

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) shares hit 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 trading hands. The stock had previously closed at $248.22.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PAC. Citigroup restated a "hold" rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday. Scotiabank raised Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a research report on Monday, May 19th. Wall Street Zen cut Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Bank of America lowered shares of Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research note on Thursday, June 12th. Finally, JPMorgan Chase & Co. raised shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a research note on Friday, May 23rd. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $197.50.

Grupo Aeroportuario Del Pacifico Trading Up 3.4%

The company's fifty day moving average is $237.28 and its two-hundred day moving average is $217.06. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.02. The stock has a market cap of $12.97 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 3.11 and a beta of 1.11.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last announced its quarterly earnings data 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 net margin of 24.28% and a return on equity of 39.81%. On average, research analysts predict that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 EPS for the current fiscal year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The firm also recently declared 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. This is a positive change from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a yield of 350.0%. Grupo Aeroportuario Del Pacifico's dividend payout ratio (DPR) is presently 81.95%.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

Several hedge funds and other institutional investors have recently made changes to their positions in PAC. Allworth Financial LP increased its stake in Grupo Aeroportuario Del Pacifico by 48.1% in the second quarter. Allworth Financial LP now owns 154 shares of the transportation company's stock valued at $35,000 after purchasing an additional 50 shares during the last quarter. CWM LLC boosted its holdings in shares of Grupo Aeroportuario Del Pacifico by 41.5% in the 2nd quarter. CWM LLC now owns 174 shares of the transportation company's stock valued at $40,000 after buying an additional 51 shares in the last quarter. Hantz Financial Services Inc. grew its position in shares of Grupo Aeroportuario Del Pacifico by 680.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 195 shares of the transportation company's stock valued at $45,000 after buying an additional 170 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Grupo Aeroportuario Del Pacifico during the 1st quarter worth $54,000. Finally, Parallel Advisors LLC lifted its position in Grupo Aeroportuario Del Pacifico by 20.3% in the first quarter. Parallel Advisors LLC now owns 350 shares of the transportation company's stock valued at $65,000 after acquiring an additional 59 shares during the last quarter. Institutional investors and hedge funds own 11.73% of the company's stock.

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.

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