State Street Corp Raises Stock Holdings in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

State Street Corp boosted its holdings in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 11.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 374,595 shares of the transportation company's stock after acquiring an additional 37,005 shares during the period. State Street Corp owned 0.74% of Grupo Aeroportuario del Pacífico worth $65,187,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of PAC. Metis Global Partners LLC raised its holdings in Grupo Aeroportuario del Pacífico by 54.0% during the third quarter. Metis Global Partners LLC now owns 21,542 shares of the transportation company's stock worth $3,749,000 after acquiring an additional 7,553 shares in the last quarter. FMR LLC increased its position in shares of Grupo Aeroportuario del Pacífico by 1,454.3% in 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 during the period. SG Americas Securities LLC bought a new stake in Grupo Aeroportuario del Pacífico during the second quarter worth $242,000. 1832 Asset Management L.P. acquired a new position in Grupo Aeroportuario del Pacífico during the 2nd quarter worth approximately $13,976,000. Finally, BNP Paribas Financial Markets increased its holdings in Grupo Aeroportuario del Pacífico by 16.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,206 shares of the transportation company's stock worth $3,690,000 after purchasing an additional 3,032 shares in the last quarter. 11.73% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Pacífico Stock Down 1.3 %

Shares of NYSE:PAC traded down $2.33 on Thursday, hitting $180.56. 39,273 shares of the company traded hands, compared to its average volume of 61,452. The stock has a 50 day simple moving average of $181.02 and a 200-day simple moving average of $170.94. 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 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 cap of $9.12 billion, a PE ratio of 17.95, a PEG ratio of 1.66 and a beta of 1.47.

Grupo Aeroportuario del Pacífico Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were given a $3.7626 dividend. The ex-dividend date was Monday, November 25th. This represents a $15.05 annualized dividend and a yield of 8.34%. Grupo Aeroportuario del Pacífico's payout ratio is 19.18%.

Analyst Upgrades and Downgrades

PAC has been the subject of several research analyst reports. Scotiabank lowered shares of Grupo Aeroportuario del Pacífico from a "sector outperform" rating to a "sector perform" rating and lowered their price objective for the company from $224.00 to $185.00 in a research note on Wednesday, September 25th. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Grupo Aeroportuario del Pacífico in a research report on Thursday, September 5th. Citigroup upgraded shares of Grupo Aeroportuario del Pacífico to a "strong-buy" rating in a research note on Wednesday, August 28th. The Goldman Sachs Group increased their target price on shares of Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. Finally, UBS Group raised shares of Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $195.00.

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.