Fmr LLC Increases Stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Fmr LLC boosted its stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 1,454.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,367 shares of the transportation company’s stock after purchasing an additional 18,121 shares during the period. Fmr LLC’s holdings in Grupo Aeroportuario del Pacífico were worth $3,370,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Albert D Mason Inc. increased its stake in shares of Grupo Aeroportuario del Pacífico by 0.5% during the third quarter. Albert D Mason Inc. now owns 12,645 shares of the transportation company’s stock valued at $2,200,000 after buying an additional 63 shares during the period. Signaturefd LLC boosted its position in shares of Grupo Aeroportuario del Pacífico by 34.0% during the third quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 64 shares in the last quarter. US Bancorp DE boosted its position in shares of Grupo Aeroportuario del Pacífico by 24.4% during the third quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock valued at $78,000 after purchasing an additional 88 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Grupo Aeroportuario del Pacífico by 67.9% during the third quarter. Van ECK Associates Corp now owns 220 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 89 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Grupo Aeroportuario del Pacífico by 37.3% during the third quarter. Blue Trust Inc. now owns 390 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 106 shares in the last quarter. 11.73% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Pacífico Trading Down 0.2 %

Grupo Aeroportuario del Pacífico stock opened at $188.80 on Friday. 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 business’s fifty day simple moving average is $180.17 and its two-hundred day simple moving average is $170.97. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 12 month low of $139.64 and a 12 month high of $200.00. The company has a market capitalization of $9.54 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 1.68 and a beta of 1.47.

Grupo Aeroportuario del Pacífico Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were issued a $3.7626 dividend. This represents a $15.05 annualized dividend and a yield of 7.97%. The ex-dividend date of this dividend was Monday, November 25th. Grupo Aeroportuario del Pacífico’s dividend payout ratio (DPR) is 19.18%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PAC shares. Citigroup upgraded Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research report on Wednesday, August 28th. UBS Group upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Thursday, September 5th. The Goldman Sachs Group lifted their price target on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, Scotiabank downgraded Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and dropped their target price 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 assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

Grupo Aeroportuario del Pacífico Company 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.