Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC Holdings Lowered by Rhumbline Advisers

Rhumbline Advisers trimmed its stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 1.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,233 shares of the transportation company’s stock after selling 202 shares during the quarter. Rhumbline Advisers’ holdings in Grupo Aeroportuario Del Pacifico were worth $1,898,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jane Street Group LLC bought a new stake in Grupo Aeroportuario Del Pacifico during the first quarter worth approximately $730,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Grupo Aeroportuario Del Pacifico in the first quarter worth approximately $16,136,000. Goldman Sachs Group Inc. grew its position in Grupo Aeroportuario Del Pacifico by 65.8% in the first quarter. Goldman Sachs Group Inc. now owns 39,976 shares of the transportation company’s stock worth $7,416,000 after buying an additional 15,862 shares during the last quarter. Focus Partners Advisor Solutions LLC acquired a new position in Grupo Aeroportuario Del Pacifico in the first quarter worth approximately $209,000. Finally, Canada Pension Plan Investment Board acquired a new position in Grupo Aeroportuario Del Pacifico in the first quarter worth approximately $7,010,000. 11.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on PAC. Citigroup restated a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, September 10th. Wall Street Zen lowered shares of Grupo Aeroportuario Del Pacifico from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Bank of America lowered shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “underperform” rating in a report on Thursday, June 12th. Finally, JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario Del Pacifico from an “underweight” rating to a “neutral” rating in a report on Friday, May 23rd. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $197.50.

Grupo Aeroportuario Del Pacifico Stock Up 1.0%

Grupo Aeroportuario Del Pacifico stock opened at $249.34 on Thursday. The firm has a market cap of $12.60 billion, a PE ratio of 25.87, a P/E/G ratio of 3.05 and a beta of 1.11. 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 firm’s 50 day moving average price is $239.40 and its two-hundred day moving average price is $219.12. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a twelve month low of $163.76 and a twelve month high of $259.33.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last released its quarterly earnings data on Monday, July 21st. The transportation company reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.05). Grupo Aeroportuario Del Pacifico had a net margin of 24.28% and a return on equity of 39.81%. The company had revenue of $584.36 million during the quarter, compared to analyst estimates of $10.86 billion. On average, research analysts predict 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 firm also recently declared a semi-annual dividend, which was paid on Monday, August 25th. Stockholders of record on Wednesday, August 13th were paid a dividend of $4.4656 per share. This is a positive change from Grupo Aeroportuario Del Pacifico’s previous semi-annual dividend of $4.32. The ex-dividend date was Wednesday, August 13th. This represents a dividend yield of 350.0%. Grupo Aeroportuario Del Pacifico’s dividend payout ratio (DPR) is currently 81.95%.

About Grupo Aeroportuario Del Pacifico

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.