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

Key Points

• Grupo Aeroportuario Del Pacifico's stock price reached a new 52-week high at $251.94 during trading, with a recent trading volume of 51,758 shares.
• The company reported quarterly earnings of $2.70 per share, which missed analysts' expectations, and had a net margin of 24.28%.
• A semi-annual dividend of $4.4656 has been announced, representing a yield of 350.0%, reflecting a positive change from the previous dividend amount.

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $251.94 and last traded at $251.58, with a volume of 51758 shares. The stock had previously closed at $249.18.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PAC. Scotiabank raised Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. raised Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a research note on Friday, May 23rd. 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. Finally, Bank of America lowered shares of Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research report on Thursday, June 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $200.00.

Grupo Aeroportuario Del Pacifico Stock Performance

The firm's 50-day simple moving average is $230.64 and its two-hundred day simple moving average is $210.77. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.02. The stock has a market capitalization of $12.71 billion, a PE ratio of 26.10, a PEG ratio of 3.08 and a beta of 1.14.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $584.36 million for the quarter, compared to analysts' expectations 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, equities research 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 business also recently announced a semi-annual dividend, which will be paid on Monday, August 25th. Shareholders of record on Wednesday, August 13th will be given a $4.4656 dividend. This represents a yield of 350.0%. The ex-dividend date is Wednesday, August 13th. This is a positive change from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. Grupo Aeroportuario Del Pacifico's payout ratio is currently 81.74%.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

A number of institutional investors have recently modified their holdings of the stock. Allworth Financial LP boosted its position in Grupo Aeroportuario Del Pacifico by 48.1% during 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 raised its stake in shares of Grupo Aeroportuario Del Pacifico by 41.5% during the 2nd quarter. CWM LLC now owns 174 shares of the transportation company's stock worth $40,000 after purchasing an additional 51 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Grupo Aeroportuario Del Pacifico by 680.0% during 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 bought a new stake in shares of Grupo Aeroportuario Del Pacifico in the 1st quarter valued at approximately $54,000. Finally, Parallel Advisors LLC increased its holdings 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 worth $65,000 after buying an additional 59 shares during the last quarter. 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.

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