Wells Fargo & Company MN Has $515,000 Stock Holdings in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Wells Fargo & Company MN trimmed its holdings in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 7.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,946 shares of the transportation company’s stock after selling 235 shares during the period. Wells Fargo & Company MN’s holdings in Grupo Aeroportuario del Pacífico were worth $515,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pitcairn Co. grew its stake in shares of Grupo Aeroportuario del Pacífico by 8.0% in the 4th quarter. Pitcairn Co. now owns 4,677 shares of the transportation company’s stock valued at $818,000 after purchasing an additional 346 shares during the period. Geode Capital Management LLC grew its position in Grupo Aeroportuario del Pacífico by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 2,615 shares of the transportation company’s stock valued at $458,000 after acquiring an additional 150 shares during the period. O Shaughnessy Asset Management LLC grew its position in Grupo Aeroportuario del Pacífico by 8.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,551 shares of the transportation company’s stock valued at $1,321,000 after acquiring an additional 590 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Grupo Aeroportuario del Pacífico by 317.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 95,750 shares of the transportation company’s stock worth $16,755,000 after acquiring an additional 72,798 shares in the last quarter. Finally, LPL Financial LLC bought a new position in shares of Grupo Aeroportuario del Pacífico during the fourth quarter valued at $470,000. Institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario del Pacífico Trading Up 0.8 %

Shares of NYSE PAC opened at $205.10 on Friday. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 1-year low of $146.62 and a 1-year high of $207.81. The company has a 50-day moving average of $189.96 and a two-hundred day moving average of $186.70. The company has a market cap of $10.36 billion, a PE ratio of 20.39, a P/E/G ratio of 1.28 and a beta of 1.11. 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 (NYSE:PAC) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $2.72 earnings per share for the quarter, missing the consensus estimate of $3.13 by ($0.41). The company had revenue of $541.03 million during 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%. As a group, equities analysts expect that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.