Grupo Aeroportuario Del Pacifico (NYSE:PAC) Sets New 52-Week High - Still a Buy?

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.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PAC. JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a report on Friday, May 23rd. Bank of America lowered shares of Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a report on Thursday, June 12th. Wall Street Zen lowered shares of Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Scotiabank upgraded shares of Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a report on Monday, May 19th. 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $200.00.

Grupo Aeroportuario Del Pacifico Price Performance

The company's fifty day moving average is $230.64 and its 200 day moving average is $210.48. 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 $12.59 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 3.02 and a beta of 1.14.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The transportation company reported $2.70 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.05). Grupo Aeroportuario Del Pacifico had a net margin of 24.28% and a return on equity of 39.81%. The business had revenue of $584.36 million during the quarter, compared to analysts' expectations of $10.86 billion. As a group, sell-side analysts anticipate 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 declared a semi-annual dividend, which will be paid on Monday, August 25th. Stockholders of record on Wednesday, August 13th will be given a dividend of $4.4656 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This is an increase from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. This represents a dividend yield of 350.0%. Grupo Aeroportuario Del Pacifico's dividend payout ratio is 81.74%.

Institutional Trading of Grupo Aeroportuario Del Pacifico

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE lifted its stake in Grupo Aeroportuario Del Pacifico by 60.2% during the fourth quarter. Bank of America Corp DE now owns 17,736 shares of the transportation company's stock worth $3,104,000 after purchasing an additional 6,665 shares during the last quarter. Northern Trust Corp lifted its stake 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 worth $13,218,000 after purchasing an additional 71,312 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Grupo Aeroportuario Del Pacifico by 8,020.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 406 shares of the transportation company's stock worth $71,000 after purchasing an additional 401 shares during the last quarter. SG Americas Securities LLC lifted its stake in Grupo Aeroportuario Del Pacifico by 40.8% during the first quarter. SG Americas Securities LLC now owns 2,133 shares of the transportation company's stock worth $396,000 after purchasing an additional 618 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Grupo Aeroportuario Del Pacifico in the fourth quarter valued at $875,000. 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.