BNP Paribas Financial Markets Purchases 3,032 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

BNP Paribas Financial Markets grew its stake in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 16.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 21,206 shares of the transportation company's stock after buying an additional 3,032 shares during the period. BNP Paribas Financial Markets' holdings in Grupo Aeroportuario del Pacífico were worth $3,690,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Northcape Capital Pty Ltd lifted its position in shares of Grupo Aeroportuario del Pacífico by 1.6% in the 3rd quarter. Northcape Capital Pty Ltd now owns 164,368 shares of the transportation company's stock worth $28,603,000 after acquiring an additional 2,557 shares during the period. Dimensional Fund Advisors LP lifted its position in Grupo Aeroportuario del Pacífico by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 138,103 shares of the transportation company's stock worth $21,515,000 after purchasing an additional 5,481 shares during the period. 1832 Asset Management L.P. acquired a new stake in Grupo Aeroportuario del Pacífico during the second quarter worth $13,976,000. Janney Montgomery Scott LLC boosted its stake in Grupo Aeroportuario del Pacífico by 3.5% during the third quarter. Janney Montgomery Scott LLC now owns 86,233 shares of the transportation company's stock worth $15,006,000 after buying an additional 2,918 shares in the last quarter. Finally, Eagle Ridge Investment Management increased its holdings in Grupo Aeroportuario del Pacífico by 2.5% in the 3rd quarter. Eagle Ridge Investment Management now owns 72,552 shares of the transportation company's stock valued at $12,625,000 after buying an additional 1,758 shares during the period. Institutional investors own 11.73% of the company's stock.

Grupo Aeroportuario del Pacífico Trading Up 6.7 %

NYSE:PAC traded up $12.45 on Thursday, reaching $197.86. The company's stock had a trading volume of 63,184 shares, compared to its average volume of 61,502. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 1-year low of $139.64 and a 1-year high of $198.14. The business's 50-day moving average price is $177.53 and its two-hundred day moving average price is $170.87. The firm has a market cap of $10.00 billion, a PE ratio of 18.39, a PEG ratio of 1.61 and a beta of 1.47. 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 will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be given a $3.7626 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $15.05 annualized dividend and a dividend yield of 7.61%. Grupo Aeroportuario del Pacífico's dividend payout ratio is presently 19.18%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PAC. Citigroup upgraded shares of Grupo Aeroportuario del Pacífico to a "strong-buy" rating in a research report on Wednesday, August 28th. Scotiabank lowered 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 report on Thursday, September 5th. Bank of America raised Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a research note on Wednesday, August 28th. Finally, UBS Group upgraded Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $195.00.

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.