National Bank of Canada FI Has $12.24 Million Stake in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC)

National Bank of Canada FI boosted its position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 49.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,978 shares of the transportation company’s stock after buying an additional 21,875 shares during the period. National Bank of Canada FI’s holdings in Grupo Aeroportuario Del Pacifico were worth $12,238,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of PAC. Bank of America Corp DE grew its position in Grupo Aeroportuario Del Pacifico by 60.2% in the 4th quarter. Bank of America Corp DE now owns 17,736 shares of the transportation company’s stock worth $3,104,000 after purchasing an additional 6,665 shares in the last quarter. Northern Trust Corp grew its position in Grupo Aeroportuario Del Pacifico by 1,688.3% in the 4th quarter. Northern Trust Corp now owns 75,536 shares of the transportation company’s stock worth $13,218,000 after purchasing an additional 71,312 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Grupo Aeroportuario Del Pacifico by 8,020.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 406 shares of the transportation company’s stock worth $71,000 after purchasing an additional 401 shares in the last quarter. SG Americas Securities LLC grew its position in Grupo Aeroportuario Del Pacifico by 40.8% in the 1st quarter. SG Americas Securities LLC now owns 2,133 shares of the transportation company’s stock worth $396,000 after purchasing an additional 618 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Grupo Aeroportuario Del Pacifico in the 4th quarter worth about $875,000. Institutional investors and hedge funds own 11.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PAC. Wall Street Zen downgraded shares of Grupo Aeroportuario Del Pacifico from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario Del Pacifico from an “underweight” rating to a “neutral” rating in a research note on Friday, May 23rd. Bank of America cut shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “underperform” rating in a research note on Thursday, June 12th. Finally, Scotiabank upgraded shares of Grupo Aeroportuario Del Pacifico from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $200.00.

Grupo Aeroportuario Del Pacifico Stock Up 1.2%

Shares of Grupo Aeroportuario Del Pacifico stock opened at $243.90 on Tuesday. 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 stock has a market capitalization of $12.32 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 2.92 and a beta of 1.14. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 52-week low of $151.65 and a 52-week high of $245.25. The company has a 50-day simple moving average of $229.57 and a two-hundred day simple moving average of $209.13.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last issued 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 firm had revenue of $584.36 million during the quarter, compared to analysts’ expectations of $10.86 billion. Grupo Aeroportuario Del Pacifico had a return on equity of 39.81% and a net margin of 24.28%. On average, analysts anticipate 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 declared a semi-annual dividend, which will be paid on Monday, August 25th. Stockholders of record on Wednesday, August 13th will be paid a $4.4656 dividend. This is a boost from Grupo Aeroportuario Del Pacifico’s previous semi-annual dividend of $4.32. This represents a dividend yield of 350.0%. The ex-dividend date is Wednesday, August 13th. Grupo Aeroportuario Del Pacifico’s dividend payout ratio (DPR) is presently 40.25%.

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.