Rhumbline Advisers Cuts Position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Rhumbline Advisers trimmed its holdings in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 10.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,987 shares of the transportation company’s stock after selling 1,107 shares during the quarter. Rhumbline Advisers’ holdings in Grupo Aeroportuario del Pacífico were worth $1,556,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. UMB Bank n.a. bought a new position in Grupo Aeroportuario del Pacífico in the 1st quarter valued at $32,000. EverSource Wealth Advisors LLC grew its position in Grupo Aeroportuario del Pacífico by 112.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 276 shares of the transportation company’s stock valued at $48,000 after buying an additional 146 shares during the period. Blue Trust Inc. increased its holdings in Grupo Aeroportuario del Pacífico by 163.0% during the second quarter. Blue Trust Inc. now owns 284 shares of the transportation company’s stock worth $46,000 after buying an additional 176 shares during the last quarter. Mather Group LLC. bought a new stake in Grupo Aeroportuario del Pacífico in the first quarter worth about $119,000. Finally, SG Americas Securities LLC purchased a new position in Grupo Aeroportuario del Pacífico in the second quarter valued at about $242,000. 11.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on PAC shares. Citigroup upgraded Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Thursday, September 5th. The Goldman Sachs Group boosted their price objective on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Bank of America upgraded shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $205.00.

Grupo Aeroportuario del Pacífico Trading Up 0.7 %

Shares of PAC opened at $184.58 on Friday. The business’s 50-day moving average price is $165.03 and its 200-day moving average price is $166.26. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.56. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a twelve month low of $107.25 and a twelve month high of $197.31. The stock has a market cap of $9.33 billion, a PE ratio of 16.48, a P/E/G ratio of 1.63 and a beta of 1.47.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last posted its earnings results on Monday, July 22nd. The transportation company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.46). Grupo Aeroportuario del Pacífico had a return on equity of 47.50% and a net margin of 29.26%. The firm had revenue of $421.54 million for the quarter. On average, equities analysts forecast that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 9.88 EPS for the current fiscal year.

Grupo Aeroportuario del Pacífico Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, August 2nd. Investors of record on Monday, July 22nd were paid a dividend of $3.8657 per share. This is a positive change from Grupo Aeroportuario del Pacífico’s previous semi-annual dividend of $2.09. The ex-dividend date was Monday, July 22nd. This represents a yield of 4.7%. Grupo Aeroportuario del Pacífico’s dividend payout ratio (DPR) is currently 33.84%.

Grupo Aeroportuario del Pacífico 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.