Grupo Aeroportuario del Pacífico (NYSE:PAC) Sets New 1-Year High – Here’s What Happened

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $199.00 and last traded at $199.00, with a volume of 240 shares. The stock had previously closed at $197.86.

Wall Street Analyst Weigh In

PAC has been the topic of a number of recent research reports. UBS Group upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th. Citigroup upgraded Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research report on Wednesday, August 28th. Scotiabank lowered shares of Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $224.00 to $185.00 in a report on Wednesday, September 25th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Thursday, September 5th. Finally, The Goldman Sachs Group boosted their target price on shares of Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $195.00.

Grupo Aeroportuario del Pacífico Price Performance

The firm has a market cap of $9.70 billion, a price-to-earnings ratio of 19.08, a P/E/G ratio of 1.63 and a beta of 1.47. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. The stock’s fifty day moving average price is $178.15 and its 200-day moving average price is $170.85.

Grupo Aeroportuario del Pacífico Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were given a dividend of $3.7626 per share. This represents a $15.05 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date of this dividend was Monday, November 25th. Grupo Aeroportuario del Pacífico’s dividend payout ratio is presently 19.18%.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

Institutional investors and hedge funds have recently modified their holdings of the company. Van ECK Associates Corp boosted its stake in shares of Grupo Aeroportuario del Pacífico by 67.9% in the 3rd quarter. Van ECK Associates Corp now owns 220 shares of the transportation company’s stock valued at $38,000 after buying an additional 89 shares during the period. Signaturefd LLC grew its position in shares of Grupo Aeroportuario del Pacífico by 34.0% during 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. increased 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 valued at $46,000 after acquiring an additional 176 shares during the period. US Bancorp DE raised its position in Grupo Aeroportuario del Pacífico by 24.4% in the 3rd quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock valued at $78,000 after purchasing an additional 88 shares during the last quarter. Finally, Cozad Asset Management Inc. purchased a new position in Grupo Aeroportuario del Pacífico during the 3rd quarter worth $218,000. Hedge funds and other institutional investors own 11.73% of the company’s stock.

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.