Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Shares Acquired by State Street Corp

State Street Corp grew its holdings in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 11.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 374,595 shares of the transportation company’s stock after acquiring an additional 37,005 shares during the period. State Street Corp owned about 0.74% of Grupo Aeroportuario del Pacífico worth $65,187,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Quantinno Capital Management LP raised its position in Grupo Aeroportuario del Pacífico by 19.1% during the third quarter. Quantinno Capital Management LP now owns 2,374 shares of the transportation company’s stock valued at $413,000 after acquiring an additional 380 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Grupo Aeroportuario del Pacífico during the 3rd quarter worth approximately $23,145,000. Centiva Capital LP increased its holdings in shares of Grupo Aeroportuario del Pacífico by 7.2% during the 3rd quarter. Centiva Capital LP now owns 2,447 shares of the transportation company’s stock valued at $426,000 after purchasing an additional 165 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Grupo Aeroportuario del Pacífico by 16.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,206 shares of the transportation company’s stock valued at $3,690,000 after purchasing an additional 3,032 shares during the period. Finally, FMR LLC boosted its holdings in Grupo Aeroportuario del Pacífico by 1,454.3% during the third quarter. FMR LLC now owns 19,367 shares of the transportation company’s stock worth $3,370,000 after buying an additional 18,121 shares in the last quarter. Hedge funds and other institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario del Pacífico Price Performance

Grupo Aeroportuario del Pacífico stock opened at $182.89 on Thursday. The company has a fifty day simple moving average of $180.94 and a 200-day simple moving average of $170.87. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $9.24 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 1.66 and a beta of 1.47. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 52-week low of $139.64 and a 52-week high of $200.00.

Grupo Aeroportuario del Pacífico Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were issued a dividend of $3.7626 per share. This represents a $15.05 annualized dividend and a dividend yield of 8.23%. The ex-dividend date of this dividend was Monday, November 25th. Grupo Aeroportuario del Pacífico’s dividend payout ratio is currently 19.18%.

Analysts Set New Price Targets

A number of research analysts have weighed in on PAC shares. Citigroup upgraded shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research report on Wednesday, August 28th. UBS Group upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a 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 report on Wednesday, August 28th. Finally, The Goldman Sachs Group raised their price target on shares of 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. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $195.00.

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.