Geode Capital Management LLC Purchases 175 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Geode Capital Management LLC increased its position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 7.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,465 shares of the transportation company’s stock after purchasing an additional 175 shares during the period. Geode Capital Management LLC’s holdings in Grupo Aeroportuario del Pacífico were worth $429,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. ABS Direct Equity Fund LLC raised its holdings in Grupo Aeroportuario del Pacífico by 4.9% during the third quarter. ABS Direct Equity Fund LLC now owns 15,160 shares of the transportation company’s stock worth $2,638,000 after buying an additional 710 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Grupo Aeroportuario del Pacífico by 7,927.9% in the 3rd quarter. National Bank of Canada FI now owns 48,970 shares of the transportation company’s stock worth $8,521,000 after acquiring an additional 48,360 shares during the last quarter. State Street Corp lifted its position in Grupo Aeroportuario del Pacífico by 11.0% in the 3rd quarter. State Street Corp now owns 374,595 shares of the transportation company’s stock valued at $65,187,000 after acquiring an additional 37,005 shares in the last quarter. Quantinno Capital Management LP boosted its stake in Grupo Aeroportuario del Pacífico by 19.1% during the 3rd quarter. Quantinno Capital Management LP now owns 2,374 shares of the transportation company’s stock valued at $413,000 after purchasing an additional 380 shares during the last quarter. Finally, Itau Unibanco Holding S.A. bought a new stake in Grupo Aeroportuario del Pacífico during the 3rd quarter worth approximately $23,145,000. Institutional investors and hedge funds own 11.73% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Scotiabank lowered Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $224.00 to $185.00 in a report on Wednesday, September 25th. UBS Group upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Grupo Aeroportuario del Pacífico currently has an average rating of “Moderate Buy” and an average target price of $195.00.

Grupo Aeroportuario del Pacífico Price Performance

Grupo Aeroportuario del Pacífico stock opened at $183.70 on Monday. The stock has a market cap of $9.28 billion, a P/E ratio of 18.26, a P/E/G ratio of 1.66 and a beta of 1.46. 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 company’s 50 day moving average price is $183.42 and its two-hundred day moving average price is $173.08. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were paid a $3.7626 dividend. The ex-dividend date was Monday, November 25th. This represents a $15.05 dividend on an annualized basis and a yield of 8.19%. Grupo Aeroportuario del Pacífico’s dividend payout ratio (DPR) is presently 19.18%.

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.