Northern Trust Corp Boosts Stock Position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Northern Trust Corp boosted its holdings in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 1,688.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,536 shares of the transportation company's stock after buying an additional 71,312 shares during the period. Northern Trust Corp owned approximately 0.15% of Grupo Aeroportuario del Pacífico worth $13,218,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of Grupo Aeroportuario del Pacífico by 26.2% during the third quarter. JPMorgan Chase & Co. now owns 2,158 shares of the transportation company's stock valued at $376,000 after buying an additional 448 shares during the period. Outlook Wealth Advisors LLC increased its stake in shares of Grupo Aeroportuario del Pacífico by 12.2% in the fourth quarter. Outlook Wealth Advisors LLC now owns 2,397 shares of the transportation company's stock worth $419,000 after purchasing an additional 261 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Grupo Aeroportuario del Pacífico by 7.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 92,372 shares of the transportation company's stock valued at $16,164,000 after acquiring an additional 6,139 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Grupo Aeroportuario del Pacífico by 327.4% in the 4th quarter. Fifth Third Bancorp now owns 359 shares of the transportation company's stock worth $63,000 after acquiring an additional 275 shares during the last quarter. Finally, Marshall Financial Group LLC lifted its holdings in Grupo Aeroportuario del Pacífico by 6.0% during the 4th quarter. Marshall Financial Group LLC now owns 5,928 shares of the transportation company's stock valued at $1,037,000 after buying an additional 338 shares in the last quarter. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Pacífico Trading Down 0.7%

NYSE:PAC traded down $1.62 during mid-day trading on Wednesday, hitting $226.05. The company had a trading volume of 4,585 shares, compared to its average volume of 72,893. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50. The firm has a market cap of $11.42 billion, a P/E ratio of 22.49, a P/E/G ratio of 1.28 and a beta of 1.10. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a fifty-two week low of $146.62 and a fifty-two week high of $230.21. The business's fifty day moving average is $197.53 and its two-hundred day moving average is $190.48.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $2.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.13 by ($0.41). Grupo Aeroportuario del Pacífico had a net margin of 27.04% and a return on equity of 43.75%. The firm had revenue of $541.03 million during the quarter, compared to the consensus estimate of $554.93 million. As a group, research analysts expect that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 earnings per share for the current year.

Grupo Aeroportuario del Pacífico Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th will be issued a $4.3222 dividend. The ex-dividend date is Tuesday, May 27th. This represents a yield of 3.4%. This is a positive change from Grupo Aeroportuario del Pacífico's previous semi-annual dividend of $3.87. Grupo Aeroportuario del Pacífico's dividend payout ratio is presently 40.78%.

Analyst Ratings Changes

PAC has been the topic of several research analyst reports. Bank of America downgraded shares of Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a research report on Tuesday, March 4th. Scotiabank upgraded shares of Grupo Aeroportuario del Pacífico from a "sector perform" rating to a "sector outperform" rating in a research report on Monday. StockNews.com raised shares of Grupo Aeroportuario del Pacífico from a "sell" rating to a "hold" rating in a report on Saturday, April 26th. Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and boosted their price objective for the company from $140.00 to $210.00 in a research note on Wednesday, February 12th. Finally, Barclays reiterated an "equal weight" rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $200.00.

Grupo Aeroportuario del Pacífico 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.