Grupo Aeroportuario del Pacífico (NYSE:PAC) Shares Gap Up to $156.89

Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) gapped up before the market opened on Wednesday . The stock had previously closed at $156.89, but opened at $164.40. Grupo Aeroportuario del Pacífico shares last traded at $172.27, with a volume of 63,322 shares.

Analysts Set New Price Targets

Separately, Bank of America raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Wednesday.

Grupo Aeroportuario del Pacífico Stock Up 4.4 %

The company has a debt-to-equity ratio of 1.56, a current ratio of 1.13 and a quick ratio of 1.13. The business’s fifty day moving average price is $159.91 and its two-hundred day moving average price is $163.99. The stock has a market capitalization of $9.01 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 2.63 and a beta of 1.46.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last issued its quarterly earnings results on Monday, July 22nd. The transportation company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.46). The firm had revenue of $421.54 million for the quarter. Grupo Aeroportuario del Pacífico had a return on equity of 47.50% and a net margin of 29.26%. On average, equities research analysts forecast 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 company also recently announced a semi-annual dividend, which was paid on Friday, August 2nd. Investors of record on Monday, July 22nd were given a $3.8657 dividend. The ex-dividend date was Monday, July 22nd. This represents a yield of 4.7%. This is a positive change from Grupo Aeroportuario del Pacífico’s previous semi-annual dividend of $2.09. Grupo Aeroportuario del Pacífico’s dividend payout ratio is currently 33.75%.

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

A number of institutional investors have recently bought and sold shares of the business. UMB Bank n.a. acquired a new stake in shares of Grupo Aeroportuario del Pacífico in the first quarter worth $32,000. Blue Trust Inc. grew its position in Grupo Aeroportuario del Pacífico by 163.0% during the 2nd quarter. Blue Trust Inc. now owns 284 shares of the transportation company’s stock worth $46,000 after purchasing an additional 176 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Grupo Aeroportuario del Pacífico by 112.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 276 shares of the transportation company’s stock valued at $48,000 after buying an additional 146 shares during the last quarter. Mather Group LLC. acquired a new position in shares of Grupo Aeroportuario del Pacífico in the 1st quarter valued at about $119,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Grupo Aeroportuario del Pacífico in the second quarter worth about $242,000. 11.73% of the stock is owned by hedge funds and other institutional investors.

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.