Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Stock Holdings Lessened by Stifel Financial Corp

Stifel Financial Corp cut its stake in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 6.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,408 shares of the transportation company’s stock after selling 162 shares during the period. Stifel Financial Corp’s holdings in Grupo Aeroportuario del Pacífico were worth $421,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Financial Advocates Investment Management acquired a new stake in shares of Grupo Aeroportuario del Pacífico during the 2nd quarter valued at $347,000. American Century Companies Inc. boosted its position in Grupo Aeroportuario del Pacífico by 6.4% during the second quarter. American Century Companies Inc. now owns 36,486 shares of the transportation company’s stock valued at $5,683,000 after purchasing an additional 2,198 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Grupo Aeroportuario del Pacífico by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 138,103 shares of the transportation company’s stock valued at $21,515,000 after purchasing an additional 5,481 shares in the last quarter. Sei Investments Co. increased its position in Grupo Aeroportuario del Pacífico by 7.4% in the 2nd quarter. Sei Investments Co. now owns 13,373 shares of the transportation company’s stock worth $2,083,000 after purchasing an additional 927 shares during the last quarter. Finally, 1832 Asset Management L.P. purchased a new stake in shares of Grupo Aeroportuario del Pacífico during the 2nd quarter worth about $13,976,000. Institutional investors and hedge funds own 11.73% of the company’s stock.

Grupo Aeroportuario del Pacífico Trading Down 0.6 %

Shares of PAC stock opened at $178.71 on Friday. The firm has a fifty day moving average of $181.90 and a 200-day moving average of $171.65. The stock has a market cap of $9.03 billion, a price-to-earnings ratio of 17.76, a P/E/G 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. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50.

Grupo Aeroportuario del Pacífico Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were issued a dividend of $3.7626 per share. The ex-dividend date was Monday, November 25th. This represents a $15.05 dividend on an annualized basis and a dividend yield of 8.42%. Grupo Aeroportuario del Pacífico’s payout ratio is presently 19.18%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Scotiabank cut Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $224.00 to $185.00 in a research note on Wednesday, September 25th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Thursday, September 5th. UBS Group raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th. Finally, The Goldman Sachs Group upped their price objective on shares of Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Grupo Aeroportuario del Pacífico has an average rating of “Moderate Buy” and a consensus 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.