Fmr LLC Boosts Stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

FMR LLC increased its stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 1,454.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,367 shares of the transportation company's stock after acquiring an additional 18,121 shares during the period. FMR LLC's holdings in Grupo Aeroportuario del Pacífico were worth $3,370,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PAC. Metis Global Partners LLC increased its stake in shares of Grupo Aeroportuario del Pacífico by 54.0% in the third quarter. Metis Global Partners LLC now owns 21,542 shares of the transportation company's stock worth $3,749,000 after buying an additional 7,553 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Grupo Aeroportuario del Pacífico during the 2nd quarter worth about $242,000. Marshall Financial Group LLC acquired a new position in shares of Grupo Aeroportuario del Pacífico in the 2nd quarter valued at about $867,000. 1832 Asset Management L.P. acquired a new position in shares of Grupo Aeroportuario del Pacífico in the 2nd quarter valued at about $13,976,000. Finally, Mackenzie Financial Corp increased its holdings in Grupo Aeroportuario del Pacífico by 5.6% in the second quarter. Mackenzie Financial Corp now owns 70,614 shares of the transportation company's stock worth $11,000,000 after buying an additional 3,754 shares during the last quarter. 11.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PAC shares. Bank of America raised Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a research report on Wednesday, August 28th. The Goldman Sachs Group raised their target price on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the stock a "buy" rating in a report on Friday, August 30th. UBS Group upgraded Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Grupo Aeroportuario del Pacífico in a research report on Thursday, September 5th. Finally, Citigroup raised Grupo Aeroportuario del Pacífico to a "strong-buy" rating in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $195.00.

Grupo Aeroportuario del Pacífico Trading Down 0.2 %

Shares of PAC traded down $0.35 during mid-day trading on Friday, reaching $188.80. 103,025 shares of the company were exchanged, compared to its average volume of 61,497. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 52 week low of $139.64 and a 52 week high of $200.00. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a market capitalization of $9.54 billion, a PE ratio of 18.77, a PEG ratio of 1.68 and a beta of 1.47. The business has a 50 day simple moving average of $180.17 and a two-hundred day simple moving average of $170.89.

Grupo Aeroportuario del Pacífico Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were given a dividend of $3.7626 per share. The ex-dividend date was Monday, November 25th. This represents a $15.05 annualized dividend and a dividend yield of 7.97%. Grupo Aeroportuario del Pacífico's payout ratio is 19.18%.

Grupo Aeroportuario del Pacífico 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.