Grupo Aeroportuario del Pacífico (NYSE:PAC) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $172.36 and traded as high as $186.97. Grupo Aeroportuario del Pacífico shares last traded at $184.20, with a volume of 24,975 shares changing hands.

Analysts Set New Price Targets

PAC has been the topic of a number of research analyst reports. UBS Group upgraded shares of Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a research note on Tuesday, November 26th. Scotiabank downgraded Grupo Aeroportuario del Pacífico from a "sector outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $224.00 to $185.00 in a report on Wednesday, September 25th. One equities 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 given a strong buy rating to the company's stock. According to MarketBeat, Grupo Aeroportuario del Pacífico has a consensus rating of "Moderate Buy" and a consensus target price of $195.00.

Grupo Aeroportuario del Pacífico Stock Performance

The firm's fifty day moving average price is $182.64 and its 200 day moving average price is $172.54. The firm has a market cap of $9.55 billion, a P/E ratio of 18.78, a price-to-earnings-growth ratio of 1.66 and a beta of 1.46. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50.

Grupo Aeroportuario del Pacífico Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were paid a $3.7626 dividend. This represents a $15.05 dividend on an annualized basis and a yield of 7.96%. The ex-dividend date was Monday, November 25th. Grupo Aeroportuario del Pacífico's dividend payout ratio (DPR) is 19.18%.

Institutional Trading of Grupo Aeroportuario del Pacífico

Several hedge funds and other institutional investors have recently bought and sold shares of PAC. State Street Corp lifted its stake in shares of Grupo Aeroportuario del Pacífico by 11.0% during the 3rd quarter. State Street Corp now owns 374,595 shares of the transportation company's stock worth $65,187,000 after purchasing an additional 37,005 shares during the last quarter. Northcape Capital Pty Ltd raised its holdings in Grupo Aeroportuario del Pacífico by 1.6% in the third quarter. Northcape Capital Pty Ltd now owns 164,368 shares of the transportation company's stock worth $28,603,000 after purchasing an additional 2,557 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Grupo Aeroportuario del Pacífico by 4.1% during the second quarter. Dimensional Fund Advisors LP now owns 138,103 shares of the transportation company's stock valued at $21,515,000 after buying an additional 5,481 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Grupo Aeroportuario del Pacífico in the 3rd quarter valued at about $23,145,000. Finally, 1832 Asset Management L.P. purchased a new position in shares of Grupo Aeroportuario del Pacífico in the 2nd quarter worth approximately $13,976,000. Institutional investors own 11.73% of the company's stock.

About Grupo Aeroportuario del Pacífico

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.