Grupo Aeroportuario Del Pacifico (NYSE:PAC) Reaches New 12-Month High - What's Next?

Key Points

• Grupo Aeroportuario Del Pacifico shares reached a new 52-week high at $245.25, closing at $243.90 with a trading volume of 69,074 shares.
• The company recently declared a semi-annual dividend of $4.4656, reflecting a significant dividend yield of 350.0%, an increase from the previous $4.32 dividend.
• Current analyst ratings show a consensus of "Hold" with an average price target of $200.00, indicating mixed sentiment towards the stock amidst recent changes in ratings by various firms.

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $245.25 and last traded at $243.90, with a volume of 69074 shares traded. The stock had previously closed at $240.92.

Analysts Set New Price Targets

Several research analysts have commented on the company. Scotiabank raised Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a research report on Monday, May 19th. Bank of America lowered Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research report on Thursday, June 12th. Wall Street Zen lowered Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, JPMorgan Chase & Co. raised Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $200.00.

Grupo Aeroportuario Del Pacifico Stock Performance

The firm has a market cap of $12.32 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 2.92 and a beta of 1.14. 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 fifty day moving average price of $229.57 and a 200-day moving average price of $209.13.

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 (EPS) 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 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, analysts expect 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 firm also recently declared a semi-annual dividend, which will be paid on Monday, August 25th. Investors of record on Wednesday, August 13th will be paid a $4.4656 dividend. This represents a dividend yield of 350.0%. This is a boost from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. The ex-dividend date is Wednesday, August 13th. Grupo Aeroportuario Del Pacifico's dividend payout ratio (DPR) is presently 40.25%.

Institutional Trading of Grupo Aeroportuario Del Pacifico

A number of institutional investors have recently modified their holdings of the business. Allworth Financial LP boosted its stake in shares of 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 buying an additional 50 shares in the last quarter. CWM LLC boosted its stake in shares of Grupo Aeroportuario Del Pacifico by 41.5% in the second 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. Parallel Advisors LLC boosted its stake in shares of 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 buying an additional 59 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of Grupo Aeroportuario Del Pacifico by 2.2% in the first quarter. Kestra Private Wealth Services LLC now owns 2,973 shares of the transportation company's stock valued at $552,000 after buying an additional 65 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Grupo Aeroportuario Del Pacifico by 1.6% in the second quarter. Envestnet Asset Management Inc. now owns 7,334 shares of the transportation company's stock valued at $1,684,000 after buying an additional 115 shares in the last quarter. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

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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