900 Shares in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC Purchased by Alamar Capital Management LLC

Alamar Capital Management LLC acquired a new position in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) in the second quarter, HoldingsChannel reports. The firm acquired 900 shares of the transportation company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its position in Grupo Aeroportuario Del Pacifico by 4.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,101,933 shares of the transportation company’s stock worth $204,421,000 after purchasing an additional 45,479 shares in the last quarter. Deutsche Bank AG grew its holdings in Grupo Aeroportuario Del Pacifico by 7.2% in the 1st quarter. Deutsche Bank AG now owns 813,007 shares of the transportation company’s stock valued at $150,821,000 after buying an additional 54,495 shares during the period. Nuveen LLC purchased a new stake in Grupo Aeroportuario Del Pacifico in the 1st quarter valued at about $35,349,000. Russell Investments Group Ltd. grew its holdings in Grupo Aeroportuario Del Pacifico by 10.5% in the 1st quarter. Russell Investments Group Ltd. now owns 100,263 shares of the transportation company’s stock valued at $18,600,000 after buying an additional 9,531 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Grupo Aeroportuario Del Pacifico in the 1st quarter valued at about $16,136,000. Hedge funds and other institutional investors own 11.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on PAC shares. Wall Street Zen cut Grupo Aeroportuario Del Pacifico from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, October 8th. Finally, Citigroup reaffirmed a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, September 10th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $210.00.

Grupo Aeroportuario Del Pacifico Price Performance

Shares of NYSE PAC opened at $216.54 on Friday. 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. The company has a current ratio of 2.01, a quick ratio of 0.95 and a debt-to-equity ratio of 2.21. The business has a 50 day simple moving average of $239.77 and a 200-day simple moving average of $227.15. The company has a market capitalization of $10.94 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 2.73 and a beta of 1.13.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last issued its earnings results on Monday, October 20th. The transportation company reported $2.86 earnings per share 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 return on equity of 42.07% and a net margin of 25.27%. As a group, equities research analysts expect that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 earnings per share for the current year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, August 25th. Investors of record on Wednesday, August 13th were paid a dividend of $4.4656 per share. This is an increase from Grupo Aeroportuario Del Pacifico’s previous semi-annual dividend of $4.32. This represents a yield of 350.0%. The ex-dividend date of this dividend was Wednesday, August 13th. Grupo Aeroportuario Del Pacifico’s dividend payout ratio (DPR) is 81.95%.

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.