Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 60.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,039 shares of the transportation company’s stock after selling 37,369 shares during the period. Envestnet Asset Management Inc.’s holdings in Grupo Aeroportuario del Pacífico were worth $4,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Northcape Capital Pty Ltd lifted its stake in shares of Grupo Aeroportuario del Pacífico by 6.2% in the 1st quarter. Northcape Capital Pty Ltd now owns 46,570 shares of the transportation company’s stock valued at $9,086,000 after purchasing an additional 2,723 shares during the period. Csenge Advisory Group purchased a new stake in Grupo Aeroportuario del Pacífico in the 2nd quarter worth $327,000. Vestmark Advisory Solutions Inc. increased its holdings in Grupo Aeroportuario del Pacífico by 34.8% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 2,194 shares of the transportation company’s stock worth $428,000 after acquiring an additional 566 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Grupo Aeroportuario del Pacífico by 6.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 26,444 shares of the transportation company’s stock worth $4,726,000 after acquiring an additional 1,675 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in Grupo Aeroportuario del Pacífico in the 2nd quarter worth $9,682,000. 11.98% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Pacífico Price Performance

Grupo Aeroportuario del Pacífico stock opened at $143.89 on Tuesday. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 52-week low of $107.25 and a 52-week high of $200.85. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 0.85 and a beta of 1.26. The company has a fifty day simple moving average of $143.99 and a 200-day simple moving average of $168.46. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.07.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last announced its quarterly earnings data on Monday, October 23rd. The transportation company reported $2.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.13 by ($0.23). Grupo Aeroportuario del Pacífico had a net margin of 29.40% and a return on equity of 50.26%. The firm had revenue of $424.73 million during the quarter. On average, equities analysts anticipate that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10.68 EPS for the current fiscal year.

Grupo Aeroportuario del Pacífico Cuts Dividend

The company also recently disclosed a — dividend, which was paid on Monday, October 23rd. Investors of record on Wednesday, October 11th were issued a $2.1322 dividend. This represents a dividend yield of 5.5%. The ex-dividend date of this dividend was Tuesday, October 10th. Grupo Aeroportuario del Pacífico’s dividend payout ratio is currently 56.00%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. StockNews.com assumed coverage on shares of Grupo Aeroportuario del Pacífico in a report on Thursday, October 5th. They issued a “hold” rating for the company. Barclays raised shares of Grupo Aeroportuario del Pacífico from an “equal weight” rating to an “overweight” rating in a report on Tuesday, October 24th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $165.00.

Grupo Aeroportuario del Pacífico Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, manages, operates, and develops airports primarily in Mexico's Pacific region. The company was incorporated in 1998 and is headquartered in Guadalajara, Mexico.