Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC Shares Bought by Carnegie Investment Counsel

Carnegie Investment Counsel raised its holdings in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 10.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,625 shares of the transportation company’s stock after purchasing an additional 7,470 shares during the period. Carnegie Investment Counsel owned about 0.16% of Grupo Aeroportuario Del Pacifico worth $18,743,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PAC. CWM LLC grew its holdings in Grupo Aeroportuario Del Pacifico by 41.5% in the second quarter. CWM LLC now owns 174 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 51 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Grupo Aeroportuario Del Pacifico in the first quarter valued at approximately $54,000. GHP Investment Advisors Inc. acquired a new stake in Grupo Aeroportuario Del Pacifico in the first quarter valued at approximately $70,000. Blue Trust Inc. increased its stake in Grupo Aeroportuario Del Pacifico by 24.9% during the 2nd quarter. Blue Trust Inc. now owns 596 shares of the transportation company’s stock worth $137,000 after buying an additional 119 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new stake in Grupo Aeroportuario Del Pacifico during the 2nd quarter worth approximately $204,000. 11.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Wall Street Zen lowered Grupo Aeroportuario Del Pacifico from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Citigroup reiterated a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, September 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $210.00.

Grupo Aeroportuario Del Pacifico Price Performance

PAC stock opened at $216.54 on Friday. The company has a debt-to-equity ratio of 2.21, a current ratio of 2.01 and a quick ratio of 0.95. The business has a 50 day simple moving average of $239.77 and a 200-day simple moving average of $227.15. The firm 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. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 1 year low of $163.76 and a 1 year high of $259.33.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last posted its quarterly earnings results on Monday, October 20th. The transportation company reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.10). The company had revenue of $520.69 million during the quarter, compared to analysts’ expectations of $11.04 billion. Grupo Aeroportuario Del Pacifico had a net margin of 25.27% and a return on equity of 42.07%. Equities research analysts anticipate 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 firm also recently disclosed a semi-annual dividend, which was paid on Monday, August 25th. Investors of record on Wednesday, August 13th were given a $4.4656 dividend. The ex-dividend date was Wednesday, August 13th. This is a positive change from Grupo Aeroportuario Del Pacifico’s previous semi-annual dividend of $4.32. This represents a yield of 350.0%. Grupo Aeroportuario Del Pacifico’s dividend payout ratio (DPR) is currently 81.95%.

Grupo Aeroportuario Del Pacifico 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.