Northern Trust Corp Buys 512 Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Northern Trust Corp boosted its holdings in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 0.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,048 shares of the transportation company’s stock after acquiring an additional 512 shares during the period. Northern Trust Corp owned 0.15% of Grupo Aeroportuario Del Pacifico worth $14,108,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Parallel Advisors LLC raised its stake in Grupo Aeroportuario Del Pacifico by 20.3% in the 1st quarter. Parallel Advisors LLC now owns 350 shares of the transportation company’s stock valued at $65,000 after acquiring an additional 59 shares during the period. Kestra Private Wealth Services LLC raised its stake in Grupo Aeroportuario Del Pacifico by 2.2% in the 1st quarter. Kestra Private Wealth Services LLC now owns 2,973 shares of the transportation company’s stock valued at $552,000 after acquiring an additional 65 shares during the period. Invesco Ltd. raised its stake in Grupo Aeroportuario Del Pacifico by 2.6% in the 1st quarter. Invesco Ltd. now owns 7,461 shares of the transportation company’s stock valued at $1,384,000 after acquiring an additional 190 shares during the period. Snowden Capital Advisors LLC raised its stake in Grupo Aeroportuario Del Pacifico by 15.0% in the 4th quarter. Snowden Capital Advisors LLC now owns 1,476 shares of the transportation company’s stock valued at $258,000 after acquiring an additional 193 shares during the period. Finally, Ethic Inc. raised its stake in Grupo Aeroportuario Del Pacifico by 11.9% in the 4th quarter. Ethic Inc. now owns 1,846 shares of the transportation company’s stock valued at $323,000 after acquiring an additional 197 shares during the period. Institutional investors own 11.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PAC shares. Scotiabank upgraded Grupo Aeroportuario Del Pacifico from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 19th. JPMorgan Chase & Co. upgraded Grupo Aeroportuario Del Pacifico from an “underweight” rating to a “neutral” rating in a research note on Friday, May 23rd. Wall Street Zen cut Grupo Aeroportuario Del Pacifico from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Bank of America downgraded Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “underperform” rating in a report on Thursday, June 12th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $197.50.

Grupo Aeroportuario Del Pacifico Stock Performance

PAC opened at $242.02 on Thursday. The firm has a market cap of $12.23 billion, a P/E ratio of 25.11, a price-to-earnings-growth ratio of 2.98 and a beta of 1.11. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 52-week low of $163.76 and a 52-week high of $256.22. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.95 and a current ratio of 0.95. The business’s fifty day moving average is $235.40 and its 200-day moving average is $215.35.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last released its earnings results on Monday, July 21st. The transportation company reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.75 by ($0.05). The company had revenue of $584.36 million for the quarter, compared to analyst estimates of $10.86 billion. Grupo Aeroportuario Del Pacifico had a return on equity of 39.81% and a net margin of 24.28%. Sell-side analysts expect that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 EPS for the current fiscal year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, August 25th. Stockholders of record on Wednesday, August 13th were issued a dividend of $4.4656 per share. This is an increase from Grupo Aeroportuario Del Pacifico’s previous semi-annual dividend of $4.32. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a dividend yield of 350.0%. Grupo Aeroportuario Del Pacifico’s payout ratio is currently 81.85%.

Grupo Aeroportuario Del Pacifico 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.