900 Shares in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC Bought by Alamar Capital Management LLC

Alamar Capital Management LLC purchased a new position in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 900 shares of the transportation company’s stock, valued at approximately $207,000.

Several other hedge funds have also recently modified their holdings of the stock. CWM LLC lifted its holdings in shares of Grupo Aeroportuario Del Pacifico by 41.5% during the second quarter. CWM LLC now owns 174 shares of the transportation company’s stock worth $40,000 after purchasing an additional 51 shares during the period. Kestra Private Wealth Services LLC lifted its holdings in Grupo Aeroportuario Del Pacifico by 2.2% in the first quarter. Kestra Private Wealth Services LLC now owns 2,973 shares of the transportation company’s stock valued at $552,000 after acquiring an additional 65 shares during the period. Blue Trust Inc. lifted its holdings in Grupo Aeroportuario Del Pacifico by 24.9% in the second quarter. Blue Trust Inc. now owns 596 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 119 shares during the period. Invesco Ltd. lifted its holdings in Grupo Aeroportuario Del Pacifico by 2.6% in the first quarter. Invesco Ltd. now owns 7,461 shares of the transportation company’s stock valued at $1,384,000 after acquiring an additional 190 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Grupo Aeroportuario Del Pacifico in the first quarter valued at $54,000. 11.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PAC has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Grupo Aeroportuario Del Pacifico from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Citigroup reissued a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, September 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Grupo Aeroportuario Del Pacifico currently has a consensus rating of “Hold” and an average price target of $210.00.

Grupo Aeroportuario Del Pacifico Trading Up 0.5%

NYSE:PAC opened at $216.54 on Friday. The company has a market capitalization of $10.94 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 2.73 and a beta of 1.13. The company has a quick ratio of 0.95, a current ratio of 2.01 and a debt-to-equity ratio of 2.21. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 52-week low of $163.76 and a 52-week high of $259.33. The stock has a fifty day simple moving average of $239.77 and a 200-day simple moving average of $227.15.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last released its quarterly earnings results on Monday, October 20th. The transportation company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.96 by ($0.10). The firm had revenue of $520.69 million for the quarter, compared to analyst estimates of $11.04 billion. Grupo Aeroportuario Del Pacifico had a return on equity of 42.07% and a net margin of 25.27%. On average, equities research analysts expect that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 earnings per share for the current fiscal year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, August 25th. Stockholders of record on Wednesday, August 13th were paid a dividend of $4.4656 per share. This is a boost from Grupo Aeroportuario Del Pacifico’s previous semi-annual dividend of $4.32. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a dividend yield of 350.0%. Grupo Aeroportuario Del Pacifico’s dividend payout ratio is presently 81.95%.

Grupo Aeroportuario Del Pacifico 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.