Northern Trust Corp Purchases 71,312 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Northern Trust Corp boosted its position in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 1,688.3% in the fourth quarter, according to the company in 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 purchasing an additional 71,312 shares during the period. Northern Trust Corp owned approximately 0.15% of Grupo Aeroportuario del Pacífico worth $13,218,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its position in shares of Grupo Aeroportuario del Pacífico by 22.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,056,454 shares of the transportation company's stock worth $184,870,000 after buying an additional 190,955 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Grupo Aeroportuario del Pacífico by 317.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 95,750 shares of the transportation company's stock worth $16,755,000 after purchasing an additional 72,798 shares during the last quarter. Uniplan Investment Counsel Inc. acquired a new position in shares of Grupo Aeroportuario del Pacífico in the 4th quarter worth approximately $1,832,000. Janney Montgomery Scott LLC grew its stake in shares of Grupo Aeroportuario del Pacífico by 7.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 92,372 shares of the transportation company's stock worth $16,164,000 after purchasing an additional 6,139 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Grupo Aeroportuario del Pacífico in the fourth quarter worth approximately $875,000. 11.73% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario del Pacífico Stock Up 2.9%

Shares of NYSE PAC traded up $6.44 during trading hours on Monday, hitting $228.91. The company had a trading volume of 83,407 shares, compared to its average volume of 73,020. The stock has a market capitalization of $11.57 billion, a P/E ratio of 22.75, a price-to-earnings-growth ratio of 1.28 and a beta of 1.10. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 1-year low of $146.62 and a 1-year high of $229.32. The firm's 50 day moving average is $195.74 and its 200-day moving average is $189.78.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last announced 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). The business had revenue of $541.03 million for the quarter, compared to analyst estimates of $554.93 million. Grupo Aeroportuario del Pacífico had a net margin of 27.04% and a return on equity of 43.75%. On average, analysts expect that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 earnings per share for the current fiscal year.

Grupo Aeroportuario del Pacífico Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 27th will be given a $4.3222 dividend. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a dividend yield of 3.4%. This is a boost from Grupo Aeroportuario del Pacífico's previous semi-annual dividend of $3.87. Grupo Aeroportuario del Pacífico's dividend payout ratio (DPR) is presently 40.78%.

Wall Street Analysts Forecast Growth

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

Grupo Aeroportuario del Pacífico 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.