Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC Shares Sold by Anthracite Investment Company Inc.

Anthracite Investment Company Inc. trimmed its stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 35.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 4,500 shares of the transportation company’s stock after selling 2,500 shares during the period. Anthracite Investment Company Inc.’s holdings in Grupo Aeroportuario Del Pacifico were worth $1,033,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PAC. CWM LLC grew its stake in Grupo Aeroportuario Del Pacifico by 41.5% during the 2nd 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 shares of Grupo Aeroportuario Del Pacifico during the 1st quarter worth about $54,000. Blue Trust Inc. boosted its position in shares of Grupo Aeroportuario Del Pacifico by 24.9% during the 2nd quarter. Blue Trust Inc. now owns 596 shares of the transportation company’s stock worth $137,000 after acquiring an additional 119 shares in the last quarter. Ballentine Partners LLC acquired a new position in shares of Grupo Aeroportuario Del Pacifico during the 2nd quarter worth about $204,000. Finally, Alamar Capital Management LLC acquired a new position in shares of Grupo Aeroportuario Del Pacifico during the 2nd quarter worth about $207,000. 11.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on PAC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Saturday. 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, Citigroup reaffirmed a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, September 10th. Two equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $210.00.

Grupo Aeroportuario Del Pacifico Stock Up 0.1%

PAC opened at $216.65 on Friday. The business has a 50 day moving average price of $239.12 and a two-hundred day moving average price of $227.80. The company has a quick ratio of 0.95, a current ratio of 2.01 and a debt-to-equity ratio of 2.21. The company has a market cap of $10.95 billion, a PE ratio of 20.79, a P/E/G ratio of 2.74 and a beta of 1.13. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 52 week low of $163.76 and a 52 week high of $259.33.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last released its earnings results 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). Grupo Aeroportuario Del Pacifico had a return on equity of 42.07% and a net margin of 25.27%.The business had revenue of $520.69 million for the quarter, compared to analyst estimates of $11.04 billion. As a group, research analysts anticipate that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 EPS for the current year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, August 25th. Investors of record on Wednesday, August 13th were issued a $4.4656 dividend. The ex-dividend date was Wednesday, August 13th. This represents a dividend yield of 350.0%. This is an increase from Grupo Aeroportuario Del Pacifico’s previous semi-annual dividend of $4.32. Grupo Aeroportuario Del Pacifico’s payout ratio is currently 75.82%.

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.