Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Shares Purchased by Pitcairn Co.

Pitcairn Co. boosted its position in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 9.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,331 shares of the transportation company’s stock after buying an additional 382 shares during the quarter. Pitcairn Co.’s holdings in Grupo Aeroportuario del Pacífico were worth $754,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PAC. Van ECK Associates Corp boosted its stake in shares of Grupo Aeroportuario del Pacífico by 67.9% during the 3rd quarter. Van ECK Associates Corp now owns 220 shares of the transportation company’s stock worth $38,000 after acquiring an additional 89 shares in the last quarter. Signaturefd LLC raised its holdings in Grupo Aeroportuario del Pacífico by 34.0% in the 3rd quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock worth $44,000 after purchasing an additional 64 shares during the period. Blue Trust Inc. boosted its position in Grupo Aeroportuario del Pacífico by 163.0% during the second quarter. Blue Trust Inc. now owns 284 shares of the transportation company’s stock worth $46,000 after purchasing an additional 176 shares in the last quarter. US Bancorp DE grew its holdings in Grupo Aeroportuario del Pacífico by 24.4% in the third quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock valued at $78,000 after purchasing an additional 88 shares during the period. Finally, Cozad Asset Management Inc. purchased a new stake in shares of Grupo Aeroportuario del Pacífico in the third quarter valued at approximately $218,000. Hedge funds and other institutional investors own 11.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group increased their target price on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Citigroup raised shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a report on Wednesday, August 28th. Bank of America raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Thursday, September 5th. Finally, Scotiabank cut Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $224.00 to $185.00 in a report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Grupo Aeroportuario del Pacífico has an average rating of “Moderate Buy” and an average target price of $195.00.

Grupo Aeroportuario del Pacífico Trading Up 1.1 %

Shares of PAC opened at $187.08 on Monday. The firm’s fifty day moving average is $177.04 and its two-hundred day moving average is $171.02. The stock has a market cap of $9.45 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 1.65 and a beta of 1.46. 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 52-week low of $139.64 and a 52-week high of $197.31.

Grupo Aeroportuario del Pacífico Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be paid a dividend of $3.7626 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $15.05 annualized dividend and a yield of 8.04%. Grupo Aeroportuario del Pacífico’s dividend payout ratio is presently 19.18%.

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.