Bank of Montreal Can Sells 476 Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Bank of Montreal Can reduced its holdings in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 3.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,835 shares of the transportation company’s stock after selling 476 shares during the period. Bank of Montreal Can’s holdings in Grupo Aeroportuario Del Pacifico were worth $3,406,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC grew its position in shares of Grupo Aeroportuario Del Pacifico by 41.5% during the 2nd quarter. CWM LLC now owns 174 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 51 shares during the period. Kestra Private Wealth Services LLC raised its holdings in Grupo Aeroportuario Del Pacifico by 2.2% in the 1st quarter. Kestra Private Wealth Services LLC now owns 2,973 shares of the transportation company’s stock worth $552,000 after purchasing an additional 65 shares during the period. Envestnet Asset Management Inc. lifted its position in Grupo Aeroportuario Del Pacifico by 1.6% during the second quarter. Envestnet Asset Management Inc. now owns 7,334 shares of the transportation company’s stock valued at $1,684,000 after purchasing an additional 115 shares in the last quarter. Blue Trust Inc. grew its holdings in Grupo Aeroportuario Del Pacifico by 24.9% during the second quarter. Blue Trust Inc. now owns 596 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 119 shares during the period. Finally, Hantz Financial Services Inc. grew its holdings in Grupo Aeroportuario Del Pacifico by 680.0% during the second quarter. Hantz Financial Services Inc. now owns 195 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 170 shares during the period. Hedge funds and other institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario Del Pacifico Stock Up 1.9%

NYSE PAC opened at $217.14 on Wednesday. The stock’s 50 day moving average is $231.58 and its 200 day moving average is $230.24. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 2.21. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 12 month low of $168.62 and a 12 month high of $259.33. The stock has a market cap of $10.97 billion, a PE ratio of 20.84, a P/E/G ratio of 2.72 and a beta of 1.13.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last announced its quarterly earnings data 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 for 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%. Research analysts predict that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PAC has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, October 8th. Citigroup restated a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, September 10th. Finally, Wall Street Zen lowered shares of Grupo Aeroportuario Del Pacifico from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $210.00.

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.