Grupo Aeroportuario del Pacífico (NYSE:PAC) Sees Unusually-High Trading Volume - Should You Buy?

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 35,584 shares traded hands during trading, an increase of 6% from the previous session's volume of 33,572 shares.The stock last traded at $185.19 and had previously closed at $182.85.

Analyst Upgrades and Downgrades

PAC has been the topic of a number of analyst reports. Scotiabank cut shares of Grupo Aeroportuario del Pacífico from a "sector outperform" rating to a "sector perform" rating and decreased their price objective for the company from $224.00 to $185.00 in a research report on Wednesday, September 25th. UBS Group raised Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has given 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 Stock Performance

The firm has a market capitalization of $9.46 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 1.66 and a beta of 1.46. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. The business's 50 day simple moving average is $183.77 and its two-hundred day simple moving average is $173.30.

Grupo Aeroportuario del Pacífico Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid a dividend of $3.7626 per share. This represents a $15.05 annualized dividend and a dividend yield of 8.04%. The ex-dividend date was Monday, November 25th. Grupo Aeroportuario del Pacífico's dividend payout ratio is presently 19.18%.

Institutional Trading of Grupo Aeroportuario del Pacífico

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Itau Unibanco Holding S.A. purchased a new position in Grupo Aeroportuario del Pacífico during the third quarter valued at approximately $23,145,000. 1832 Asset Management L.P. purchased a new stake in Grupo Aeroportuario del Pacífico in the 2nd quarter worth $13,976,000. National Bank of Canada FI raised its holdings in Grupo Aeroportuario del Pacífico by 7,927.9% during the third quarter. National Bank of Canada FI now owns 48,970 shares of the transportation company's stock valued at $8,521,000 after acquiring an additional 48,360 shares during the period. State Street Corp boosted its stake in shares of Grupo Aeroportuario del Pacífico by 11.0% in the third quarter. State Street Corp now owns 374,595 shares of the transportation company's stock worth $65,187,000 after acquiring an additional 37,005 shares during the period. Finally, FMR LLC grew its position in shares of Grupo Aeroportuario del Pacífico by 1,454.3% during the third quarter. FMR LLC now owns 19,367 shares of the transportation company's stock worth $3,370,000 after purchasing an additional 18,121 shares in the last quarter. Hedge funds and other institutional investors own 11.73% of the company's stock.

Grupo Aeroportuario del Pacífico 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.