Carnegie Investment Counsel Raises Holdings in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Carnegie Investment Counsel increased its holdings in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 10.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 81,625 shares of the transportation company’s stock after purchasing an additional 7,470 shares during the quarter. Carnegie Investment Counsel’s holdings in Grupo Aeroportuario Del Pacifico were worth $18,743,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. CWM LLC lifted its stake in Grupo Aeroportuario Del Pacifico by 41.5% during the second quarter. CWM LLC now owns 174 shares of the transportation company’s stock worth $40,000 after purchasing an additional 51 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Grupo Aeroportuario Del Pacifico during the first quarter worth $54,000. GHP Investment Advisors Inc. acquired a new position in Grupo Aeroportuario Del Pacifico during the first quarter worth $70,000. Blue Trust Inc. lifted its stake in Grupo Aeroportuario Del Pacifico by 24.9% during the second quarter. Blue Trust Inc. now owns 596 shares of the transportation company’s stock worth $137,000 after purchasing an additional 119 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new position in Grupo Aeroportuario Del Pacifico during the second quarter worth $204,000. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario Del Pacifico Stock Up 0.5%

Shares of NYSE PAC opened at $216.54 on Friday. The stock has a market cap of $10.94 billion, a P/E ratio of 20.78, a PEG ratio of 2.73 and a beta of 1.13. The company has a current ratio of 2.01, a quick ratio of 0.95 and a debt-to-equity ratio of 2.21. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 12-month low of $163.76 and a 12-month high of $259.33. The business’s fifty day simple moving average is $239.77 and its 200-day simple moving average is $227.15.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last announced its quarterly earnings data on Monday, October 20th. The transportation company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.96 by ($0.10). The company had revenue of $520.69 million during the quarter, compared to analyst estimates of $11.04 billion. Grupo Aeroportuario Del Pacifico had a net margin of 25.27% and a return on equity of 42.07%. As a group, equities 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 business also recently disclosed a semi-annual dividend, which was paid on Monday, August 25th. Stockholders of record on Wednesday, August 13th were paid a $4.4656 dividend. The ex-dividend date was Wednesday, August 13th. This is an increase from Grupo Aeroportuario Del Pacifico’s previous semi-annual dividend of $4.32. This represents a dividend yield of 350.0%. Grupo Aeroportuario Del Pacifico’s payout ratio is 81.95%.

Analysts Set New Price Targets

A number of research firms have commented on PAC. Citigroup restated a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, September 10th. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut Grupo Aeroportuario Del Pacifico from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $210.00.

Grupo Aeroportuario Del Pacifico 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.