Anthracite Investment Company Inc. Trims Holdings in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Anthracite Investment Company Inc. trimmed its position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 35.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,500 shares of the transportation company’s stock after selling 2,500 shares during the quarter. Anthracite Investment Company Inc.’s holdings in Grupo Aeroportuario Del Pacifico were worth $1,033,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in shares of Grupo Aeroportuario Del Pacifico by 4.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,101,933 shares of the transportation company’s stock worth $204,421,000 after purchasing an additional 45,479 shares during the last quarter. Deutsche Bank AG grew its holdings in Grupo Aeroportuario Del Pacifico by 7.2% during the first quarter. Deutsche Bank AG now owns 813,007 shares of the transportation company’s stock worth $150,821,000 after acquiring an additional 54,495 shares during the period. Nuveen LLC acquired a new stake in Grupo Aeroportuario Del Pacifico during the first quarter worth about $35,349,000. Russell Investments Group Ltd. grew its holdings in Grupo Aeroportuario Del Pacifico by 10.5% during the first quarter. Russell Investments Group Ltd. now owns 100,263 shares of the transportation company’s stock worth $18,600,000 after acquiring an additional 9,531 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Grupo Aeroportuario Del Pacifico during the first quarter worth about $16,136,000. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario Del Pacifico Stock Performance

NYSE PAC opened at $216.65 on Friday. 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. The company has a market cap of $10.95 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 2.74 and a beta of 1.13. 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 stock’s 50 day simple moving average is $239.12 and its 200-day simple moving average is $227.80.

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

Grupo Aeroportuario Del Pacifico Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, August 25th. Shareholders of record on Wednesday, August 13th were given a $4.4656 dividend. This is an increase from Grupo Aeroportuario Del Pacifico’s previous semi-annual dividend of $4.32. This represents a yield of 350.0%. The ex-dividend date was Wednesday, August 13th. Grupo Aeroportuario Del Pacifico’s dividend payout ratio (DPR) is presently 75.82%.

Analyst Ratings Changes

Several analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Saturday. Wall Street Zen lowered Grupo Aeroportuario Del Pacifico from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Citigroup reaffirmed a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, September 10th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $210.00.

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.