2,226 Shares in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Acquired by Financial Advocates Investment Management

Financial Advocates Investment Management bought a new position in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,226 shares of the transportation company’s stock, valued at approximately $347,000.

Several other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. bought a new stake in shares of Grupo Aeroportuario del Pacífico during the 1st quarter valued at $32,000. Blue Trust Inc. increased 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 buying an additional 176 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Grupo Aeroportuario del Pacífico by 112.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 276 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 146 shares during the period. Mather Group LLC. purchased a new position in shares of Grupo Aeroportuario del Pacífico in the first quarter valued at about $119,000. Finally, SG Americas Securities LLC purchased a new position in shares of Grupo Aeroportuario del Pacífico in the second quarter valued at about $242,000. Hedge funds and other institutional investors own 11.73% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on PAC shares. Citigroup raised Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research note on Wednesday. Bank of America upgraded shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Grupo Aeroportuario del Pacífico has a consensus rating of “Buy” and an average price target of $175.00.

Grupo Aeroportuario del Pacífico Trading Up 4.4 %

Shares of Grupo Aeroportuario del Pacífico stock opened at $178.22 on Friday. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a twelve month low of $107.25 and a twelve month high of $197.31. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.56. The business has a 50-day moving average price of $159.91 and a 200-day moving average price of $163.99. The firm has a market cap of $9.01 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 2.63 and a beta of 1.46.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last released its quarterly earnings results on Monday, July 22nd. The transportation company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $3.01 by ($0.46). Grupo Aeroportuario del Pacífico had a net margin of 29.26% and a return on equity of 47.50%. The firm had revenue of $421.54 million for the quarter. Equities research analysts anticipate that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 9.81 EPS for the current fiscal year.

Grupo Aeroportuario del Pacífico Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, August 2nd. Investors of record on Monday, July 22nd were issued a $3.8657 dividend. The ex-dividend date was Monday, July 22nd. This is a positive change from Grupo Aeroportuario del Pacífico’s previous semi-annual dividend of $2.09. This represents a dividend yield of 4.7%. Grupo Aeroportuario del Pacífico’s dividend payout ratio (DPR) is 33.75%.

About Grupo Aeroportuario del Pacífico

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.