JPMorgan Chase & Co. Lowers Stock Position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

JPMorgan Chase & Co. cut its stake in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 6.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,017 shares of the transportation company’s stock after selling 141 shares during the period. JPMorgan Chase & Co.’s holdings in Grupo Aeroportuario del Pacífico were worth $353,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. LPL Financial LLC acquired a new stake in shares of Grupo Aeroportuario del Pacífico in the 4th quarter valued at approximately $470,000. American Century Companies Inc. raised its stake in Grupo Aeroportuario del Pacífico by 5.4% in the 4th quarter. American Century Companies Inc. now owns 46,033 shares of the transportation company’s stock valued at $8,055,000 after purchasing an additional 2,366 shares during the last quarter. Maryland State Retirement & Pension System lifted its stake in shares of Grupo Aeroportuario del Pacífico by 5.8% during the fourth quarter. Maryland State Retirement & Pension System now owns 53,676 shares of the transportation company’s stock valued at $9,393,000 after buying an additional 2,936 shares during the period. Signaturefd LLC boosted its holdings in shares of Grupo Aeroportuario del Pacífico by 32.1% during the fourth quarter. Signaturefd LLC now owns 333 shares of the transportation company’s stock worth $58,000 after purchasing an additional 81 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Grupo Aeroportuario del Pacífico in the 4th quarter worth about $875,000. 11.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PAC shares. Barclays reissued an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Tuesday, January 21st. Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and upped their target price for the company from $140.00 to $210.00 in a research note on Wednesday, February 12th. StockNews.com upgraded Grupo Aeroportuario del Pacífico from a “sell” rating to a “hold” rating in a research note on Saturday, April 26th. Finally, Bank of America lowered shares of Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $200.00.

Grupo Aeroportuario del Pacífico Trading Up 0.8 %

Shares of NYSE PAC opened at $205.10 on Friday. The company has a market cap of $10.36 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 1.28 and a beta of 1.11. The stock’s 50 day simple moving average is $189.96 and its 200 day simple moving average is $186.60. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 12-month low of $146.62 and a 12-month high of $207.81.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $2.72 EPS for the quarter, missing the consensus estimate of $3.13 by ($0.41). The firm had revenue of $541.03 million for the quarter, compared to the consensus estimate of $554.93 million. Grupo Aeroportuario del Pacífico had a return on equity of 43.75% and a net margin of 27.04%. Equities research analysts expect that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 EPS for the current year.

Grupo Aeroportuario del Pacífico 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.