Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Shares Bought by US Bancorp DE

US Bancorp DE increased its holdings in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 24.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 448 shares of the transportation company’s stock after buying an additional 88 shares during the period. US Bancorp DE’s holdings in Grupo Aeroportuario del Pacífico were worth $78,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of PAC. Signaturefd LLC lifted its holdings in Grupo Aeroportuario del Pacífico by 34.0% in the third quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock worth $44,000 after acquiring an additional 64 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Grupo Aeroportuario del Pacífico by 163.0% in the 2nd quarter. Blue Trust Inc. now owns 284 shares of the transportation company’s stock worth $46,000 after purchasing an additional 176 shares during the last quarter. SG Americas Securities LLC acquired a new position in Grupo Aeroportuario del Pacífico during the 2nd quarter valued at approximately $242,000. Virtu Financial LLC bought a new position in Grupo Aeroportuario del Pacífico during the 1st quarter worth $293,000. Finally, Outlook Wealth Advisors LLC acquired a new stake in Grupo Aeroportuario del Pacífico in the second quarter worth $304,000. Institutional investors own 11.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PAC. Citigroup raised shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Thursday, September 5th. Bank of America upgraded shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 28th. Scotiabank downgraded Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $224.00 to $185.00 in a research report on Wednesday, September 25th. Finally, The Goldman Sachs Group raised their target price on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

Grupo Aeroportuario del Pacífico Stock Down 0.3 %

Grupo Aeroportuario del Pacífico stock opened at $181.66 on Friday. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 52 week low of $131.71 and a 52 week high of $197.31. The stock has a market cap of $9.18 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 1.55 and a beta of 1.46. The company’s 50-day moving average price is $175.54 and its two-hundred day moving average price is $171.04. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08.

Grupo Aeroportuario del Pacífico Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be paid a dividend of $3.7626 per share. This represents a $15.05 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date of this dividend is Monday, November 25th. Grupo Aeroportuario del Pacífico’s payout ratio is currently 19.18%.

Grupo Aeroportuario del Pacífico 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.