ABS Direct Equity Fund LLC lessened its position in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 30.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,550 shares of the transportation company's stock after selling 4,610 shares during the quarter. Grupo Aeroportuario del Pacífico comprises approximately 2.1% of ABS Direct Equity Fund LLC's portfolio, making the stock its 19th largest position. ABS Direct Equity Fund LLC's holdings in Grupo Aeroportuario del Pacífico were worth $1,846,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Albert D Mason Inc. raised its holdings in shares of Grupo Aeroportuario del Pacífico by 0.5% in the third quarter. Albert D Mason Inc. now owns 12,645 shares of the transportation company's stock valued at $2,200,000 after buying an additional 63 shares during the last quarter. Signaturefd LLC increased its holdings in Grupo Aeroportuario del Pacífico by 34.0% during the 3rd quarter. Signaturefd LLC now owns 252 shares of the transportation company's stock valued at $44,000 after acquiring an additional 64 shares in the last quarter. US Bancorp DE lifted its stake in Grupo Aeroportuario del Pacífico by 24.4% in the 3rd quarter. US Bancorp DE now owns 448 shares of the transportation company's stock valued at $78,000 after buying an additional 88 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Grupo Aeroportuario del Pacífico by 67.9% during the third quarter. Van ECK Associates Corp now owns 220 shares of the transportation company's stock valued at $38,000 after acquiring an additional 89 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Grupo Aeroportuario del Pacífico by 37.3% in the third quarter. Blue Trust Inc. now owns 390 shares of the transportation company's stock valued at $68,000 after buying an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 11.73% of the company's stock.
Wall Street Analyst Weigh In
PAC has been the subject of several research analyst reports. UBS Group upgraded Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a research note on Tuesday, November 26th. Barclays restated an "equal weight" rating on shares of Grupo Aeroportuario del Pacífico in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Grupo Aeroportuario del Pacífico currently has an average rating of "Moderate Buy" and a consensus target price of $195.00.
Get Our Latest Analysis on Grupo Aeroportuario del Pacífico
Grupo Aeroportuario del Pacífico Trading Down 0.7 %
NYSE:PAC traded down $1.32 during trading hours on Tuesday, hitting $186.52. 108,213 shares of the stock were exchanged, compared to its average volume of 73,630. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a twelve month low of $139.64 and a twelve month high of $200.00. The company's 50 day moving average is $185.88 and its two-hundred day moving average is $175.56. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $9.42 billion, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 1.22 and a beta of 1.46.
Grupo Aeroportuario del Pacífico Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were issued a dividend of $3.7626 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $15.05 dividend on an annualized basis and a dividend yield of 8.07%.
Grupo Aeroportuario del Pacífico Company Profile
(
Free Report)
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.
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