Grupo Aeroportuario del Pacífico (NYSE:PAC) Receives Equal Weight Rating from Barclays

Barclays reissued their equal weight rating on shares of Grupo Aeroportuario del Pacífico (NYSE:PAC) in a research report report published on Tuesday, MarketBeat reports.

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

Grupo Aeroportuario del Pacífico Price Performance

Shares of Grupo Aeroportuario del Pacífico stock opened at $188.00 on Tuesday. The stock has a market capitalization of $9.50 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 1.23 and a beta of 1.46. Grupo Aeroportuario del Pacífico has a one year low of $139.64 and a one year high of $200.00. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50. The business’s 50 day simple moving average is $185.30 and its two-hundred day simple moving average is $174.75.

Grupo Aeroportuario del Pacífico Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were paid a dividend of $3.7626 per share. This represents a $15.05 dividend on an annualized basis and a dividend yield of 8.01%. The ex-dividend date of this dividend was Monday, November 25th. Grupo Aeroportuario del Pacífico’s dividend payout ratio is 19.18%.

Institutional Trading of Grupo Aeroportuario del Pacífico

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Financial Group LLC increased its position in shares of Grupo Aeroportuario del Pacífico by 6.0% during the fourth quarter. Marshall Financial Group LLC now owns 5,928 shares of the transportation company’s stock valued at $1,037,000 after acquiring an additional 338 shares in the last quarter. Fifth Third Bancorp raised its stake in Grupo Aeroportuario del Pacífico by 327.4% during the 4th quarter. Fifth Third Bancorp now owns 359 shares of the transportation company’s stock worth $63,000 after acquiring an additional 275 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Grupo Aeroportuario del Pacífico by 7.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 92,372 shares of the transportation company’s stock valued at $16,164,000 after purchasing an additional 6,139 shares in the last quarter. Outlook Wealth Advisors LLC increased its stake in Grupo Aeroportuario del Pacífico by 12.2% in the 4th quarter. Outlook Wealth Advisors LLC now owns 2,397 shares of the transportation company’s stock worth $419,000 after buying an additional 261 shares in the last quarter. Finally, Northcape Capital Pty Ltd boosted its stake in Grupo Aeroportuario del Pacífico by 4.5% in the 4th quarter. Northcape Capital Pty Ltd now owns 171,841 shares of the transportation company’s stock worth $30,070,000 after purchasing an additional 7,473 shares during the period. Hedge funds and other institutional investors own 11.73% of the company’s stock.

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.