Ritholtz Wealth Management Has $522,000 Holdings in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Ritholtz Wealth Management decreased its position in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,985 shares of the transportation company’s stock after selling 168 shares during the quarter. Ritholtz Wealth Management’s holdings in Grupo Aeroportuario del Pacífico were worth $522,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new stake in shares of Grupo Aeroportuario del Pacífico during the third quarter valued at about $23,145,000. 1832 Asset Management L.P. acquired a new position in shares of Grupo Aeroportuario del Pacífico in the second quarter valued at approximately $13,976,000. National Bank of Canada FI raised its holdings in 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 valued at $8,521,000 after buying an additional 48,360 shares during the last quarter. State Street Corp boosted its position in Grupo Aeroportuario del Pacífico by 11.0% during the 3rd quarter. State Street Corp now owns 374,595 shares of the transportation company’s stock worth $65,187,000 after buying an additional 37,005 shares during the period. Finally, FMR LLC grew its holdings in Grupo Aeroportuario del Pacífico by 1,454.3% during the 3rd quarter. FMR LLC now owns 19,367 shares of the transportation company’s stock worth $3,370,000 after acquiring an additional 18,121 shares during the last quarter. Institutional investors and hedge funds own 11.73% of the company’s stock.

Grupo Aeroportuario del Pacífico Trading Up 0.1 %

NYSE:PAC opened at $189.70 on Tuesday. 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. The firm’s fifty day moving average is $185.08 and its 200-day moving average is $174.51. The firm has a market cap of $9.59 billion, a P/E ratio of 18.86, a P/E/G ratio of 1.34 and a beta of 1.46.

Grupo Aeroportuario del Pacífico Announces Dividend

The company 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. The ex-dividend date was Monday, November 25th. This represents a $15.05 dividend on an annualized basis and a yield of 7.93%.

Analysts Set New Price Targets

Several research firms have recently issued reports on PAC. 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. Scotiabank lowered Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $224.00 to $185.00 in a research report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $195.00.

About Grupo Aeroportuario del Pacífico

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.