Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Shares Sold by Creative Planning

Creative Planning lowered its stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,144 shares of the transportation company’s stock after selling 92 shares during the quarter. Creative Planning’s holdings in Grupo Aeroportuario del Pacífico were worth $373,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of PAC. Blue Trust Inc. lifted its holdings in Grupo Aeroportuario del Pacífico by 163.0% in the second 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. SG Americas Securities LLC acquired a new stake in Grupo Aeroportuario del Pacífico in the second quarter worth about $242,000. Virtu Financial LLC acquired a new stake in Grupo Aeroportuario del Pacífico in the 1st quarter valued at about $293,000. Outlook Wealth Advisors LLC acquired a new stake in Grupo Aeroportuario del Pacífico in the 2nd quarter valued at about $304,000. Finally, Financial Advocates Investment Management acquired a new stake in Grupo Aeroportuario del Pacífico in the 2nd quarter valued at about $347,000. Institutional investors and hedge funds own 11.73% of the company’s stock.

Analysts Set New Price Targets

PAC has been the subject of a number of research analyst reports. Citigroup raised shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a report on Wednesday, August 28th. The Goldman Sachs Group upped their price target on shares of Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the company a “buy” rating in a report on Friday, August 30th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Thursday, September 5th. Bank of America raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Wednesday, August 28th. Finally, Scotiabank downgraded Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the stock from $224.00 to $185.00 in a report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Grupo Aeroportuario del Pacífico Price Performance

NYSE PAC opened at $182.61 on Friday. The stock’s 50-day moving average price is $174.97 and its two-hundred day moving average price is $171.04. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. The company has a market cap of $9.23 billion, a PE ratio of 18.15, a PEG ratio of 1.49 and a beta of 1.46. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 1 year low of $125.29 and a 1 year high of $197.31.

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.