Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) is Northcape Capital Pty Ltd's 5th Largest Position

Northcape Capital Pty Ltd raised its position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 4.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 171,841 shares of the transportation company's stock after acquiring an additional 7,473 shares during the period. Grupo Aeroportuario del Pacífico makes up about 4.8% of Northcape Capital Pty Ltd's holdings, making the stock its 5th largest position. Northcape Capital Pty Ltd owned 0.34% of Grupo Aeroportuario del Pacífico worth $30,070,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp lifted its position in Grupo Aeroportuario del Pacífico by 67.9% in the 3rd 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 in the last quarter. Signaturefd LLC lifted its holdings in shares of Grupo Aeroportuario del Pacífico by 34.0% in the third quarter. Signaturefd LLC now owns 252 shares of the transportation company's stock valued at $44,000 after purchasing an additional 64 shares in the last quarter. Blue Trust Inc. lifted its holdings 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 purchasing an additional 106 shares in the last quarter. US Bancorp DE boosted its position in shares of Grupo Aeroportuario del Pacífico by 24.4% during the third quarter. US Bancorp DE now owns 448 shares of the transportation company's stock valued at $78,000 after buying an additional 88 shares during the last quarter. Finally, Cozad Asset Management Inc. bought a new stake in Grupo Aeroportuario del Pacífico during the third quarter worth $218,000. Institutional investors own 11.73% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on PAC shares. Scotiabank cut Grupo Aeroportuario del Pacífico from a "sector outperform" rating to a "sector perform" rating and dropped their price objective for the company from $224.00 to $185.00 in a research note on Wednesday, September 25th. UBS Group raised shares of Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a research 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $195.00.

Grupo Aeroportuario del Pacífico Stock Performance

Grupo Aeroportuario del Pacífico stock traded down $4.30 during mid-day trading on Wednesday, reaching $184.14. 31,309 shares of the company's stock were exchanged, compared to its average volume of 35,202. The firm has a market capitalization of $9.30 billion, a PE ratio of 18.30, a P/E/G ratio of 1.66 and a beta of 1.46. 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 business's fifty day simple moving average is $182.87 and its 200 day simple moving average is $172.62. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a one year low of $139.64 and a one year high of $200.00.

Grupo Aeroportuario del Pacífico Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders 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 8.17%. The ex-dividend date was Monday, November 25th. Grupo Aeroportuario del Pacífico's payout ratio is 19.18%.

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.