Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE lifted its holdings in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 60.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,736 shares of the transportation company's stock after buying an additional 6,665 shares during the period. Bank of America Corp DE's holdings in Grupo Aeroportuario del Pacífico were worth $3,104,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PAC. BNP Paribas Financial Markets boosted its position in Grupo Aeroportuario del Pacífico by 9.6% during the fourth quarter. BNP Paribas Financial Markets now owns 23,234 shares of the transportation company's stock valued at $4,066,000 after purchasing an additional 2,028 shares during the last quarter. Itau Unibanco Holding S.A. increased its stake in shares of Grupo Aeroportuario del Pacífico by 31.0% in the fourth quarter. Itau Unibanco Holding S.A. now owns 174,266 shares of the transportation company's stock worth $30,495,000 after purchasing an additional 41,266 shares during the period. Northern Trust Corp increased its stake in shares of Grupo Aeroportuario del Pacífico by 1,688.3% in the fourth quarter. Northern Trust Corp now owns 75,536 shares of the transportation company's stock worth $13,218,000 after purchasing an additional 71,312 shares during the period. Aquatic Capital Management LLC increased its stake in Grupo Aeroportuario del Pacífico by 207.4% during the fourth quarter. Aquatic Capital Management LLC now owns 3,381 shares of the transportation company's stock valued at $592,000 after acquiring an additional 2,281 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake 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 valued at $184,870,000 after purchasing an additional 190,955 shares during the period. Institutional investors and hedge funds own 11.73% of the company's stock.

Grupo Aeroportuario del Pacífico Price Performance

Shares of NYSE:PAC opened at $230.31 on Friday. The company's fifty day moving average is $203.57 and its 200 day moving average is $193.41. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 52 week low of $146.62 and a 52 week high of $234.21. The stock has a market cap of $11.64 billion, a PE ratio of 22.89, a PEG 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 (NYSE:PAC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $2.72 earnings per share for the quarter, missing analysts' consensus estimates of $3.13 by ($0.41). The business had revenue of $541.03 million during the quarter, compared to analysts' expectations of $554.93 million. Grupo Aeroportuario del Pacífico had a return on equity of 43.75% and a net margin of 27.04%. Research analysts anticipate 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 announced a semi-annual dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, May 27th will be issued a $4.3222 dividend. This represents a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, May 27th. 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 (DPR) is 40.78%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wall Street Zen upgraded shares of Grupo Aeroportuario del Pacífico from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Scotiabank upgraded shares of Grupo Aeroportuario del Pacífico from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, May 19th. Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and lifted their price target for the company from $140.00 to $210.00 in a research report on Wednesday, February 12th. Bank of America cut shares of Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a research note on Tuesday, March 4th. Finally, JPMorgan Chase & Co. raised shares of Grupo Aeroportuario del Pacífico from an "underweight" rating to a "neutral" rating in a research note on Friday, May 23rd. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Grupo Aeroportuario del Pacífico has a consensus rating of "Moderate Buy" and a consensus target price of $200.00.

Check Out Our Latest Analysis on Grupo Aeroportuario del Pacífico

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.

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