Metis Global Partners LLC Grows Position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Metis Global Partners LLC grew its stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 54.0% during the 3rd quarter, Holdings Channel reports. The fund owned 21,542 shares of the transportation company’s stock after acquiring an additional 7,553 shares during the period. Metis Global Partners LLC’s holdings in Grupo Aeroportuario del Pacífico were worth $3,749,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Van ECK Associates Corp grew its holdings in shares of Grupo Aeroportuario del Pacífico by 67.9% during the third quarter. Van ECK Associates Corp now owns 220 shares of the transportation company’s stock worth $38,000 after buying an additional 89 shares in the last quarter. Signaturefd LLC boosted its position in Grupo Aeroportuario del Pacífico by 34.0% during the third quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock worth $44,000 after acquiring an additional 64 shares during the last quarter. Blue Trust Inc. grew its stake in Grupo Aeroportuario del Pacífico by 163.0% in the 2nd quarter. Blue Trust Inc. now owns 284 shares of the transportation company’s stock worth $46,000 after acquiring an additional 176 shares during the period. US Bancorp DE raised its holdings in Grupo Aeroportuario del Pacífico by 24.4% in the 3rd quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock valued at $78,000 after acquiring an additional 88 shares during the last quarter. Finally, Cozad Asset Management Inc. purchased a new position in shares of Grupo Aeroportuario del Pacífico during the 3rd quarter worth $218,000. Institutional investors and hedge funds own 11.73% of the company’s stock.

Grupo Aeroportuario del Pacífico Stock Performance

NYSE PAC opened at $182.14 on Friday. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 1-year low of $129.76 and a 1-year high of $197.31. The firm has a market capitalization of $9.20 billion, a P/E ratio of 18.11, a P/E/G ratio of 1.55 and a beta of 1.46. The business’s 50-day simple moving average is $175.25 and its 200-day simple moving average is $171.14.

Grupo Aeroportuario del Pacífico Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders 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 8.26%. Grupo Aeroportuario del Pacífico’s dividend payout ratio is currently 19.18%.

Analyst Upgrades and Downgrades

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

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.