Grupo Aeroportuario Del Pacifico (NYSE:PAC) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Grupo Aeroportuario Del Pacifico experienced a significant increase in trading volume, with approximately 99,113 shares traded, up 4% from the previous session.
• The company declared a **semi-annual dividend** of $4.4656 per share, reflecting a robust yield of **350.0%**, which is an increase from the prior dividend amount.
• Current consensus rating for the stock is **"Hold"** with an average target price of **$210.00**, following recent downgrades from multiple analysts.

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 99,113 shares traded hands during trading, an increase of 4% from the previous session's volume of 94,945 shares.The stock last traded at $225.14 and had previously closed at $222.33.

Analyst Upgrades and Downgrades

Several research analysts have commented on PAC shares. Citigroup reaffirmed a "hold" rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, September 10th. Wall Street Zen downgraded Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Grupo Aeroportuario Del Pacifico presently has a consensus rating of "Hold" and an average target price of $210.00.

Grupo Aeroportuario Del Pacifico Trading Up 1.0%

The company has a 50 day moving average of $243.27 and a 200 day moving average of $225.83. 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 capitalization of $11.41 billion, a price-to-earnings ratio of 23.42, a P/E/G ratio of 2.75 and a beta of 1.13.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $584.36 million during the quarter, compared to analyst estimates of $10.86 billion. 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 company also recently declared a semi-annual dividend, which was paid on Monday, August 25th. Shareholders of record on Wednesday, August 13th were given a dividend of $4.4656 per share. This represents a yield of 350.0%. 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. Grupo Aeroportuario Del Pacifico's dividend payout ratio is presently 81.95%.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

Several institutional investors have recently added to or reduced their stakes in PAC. SG Americas Securities LLC grew its stake in shares of Grupo Aeroportuario Del Pacifico by 40.8% in the first quarter. SG Americas Securities LLC now owns 2,133 shares of the transportation company's stock valued at $396,000 after buying an additional 618 shares in the last quarter. GHP Investment Advisors Inc. bought a new stake in shares of Grupo Aeroportuario Del Pacifico in the 1st quarter worth approximately $70,000. WCM Investment Management LLC lifted its holdings in shares of Grupo Aeroportuario Del Pacifico by 24.9% in the 1st quarter. WCM Investment Management LLC now owns 4,968 shares of the transportation company's stock worth $932,000 after purchasing an additional 991 shares during the last quarter. Novem Group lifted its holdings in shares of Grupo Aeroportuario Del Pacifico by 32.6% in the 1st quarter. Novem Group now owns 5,997 shares of the transportation company's stock worth $1,113,000 after purchasing an additional 1,475 shares during the last quarter. Finally, Kestra Private Wealth Services LLC raised its stake in Grupo Aeroportuario Del Pacifico by 2.2% during the 1st quarter. Kestra Private Wealth Services LLC now owns 2,973 shares of the transportation company's stock valued at $552,000 after acquiring an additional 65 shares in the last quarter. 11.73% of the stock is currently owned by institutional investors and hedge funds.

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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