Metis Global Partners LLC Buys 7,553 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Metis Global Partners LLC raised its holdings in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 54.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,542 shares of the transportation company's stock after buying an additional 7,553 shares during the quarter. Metis Global Partners LLC's holdings in Grupo Aeroportuario del Pacífico were worth $3,749,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in shares of Grupo Aeroportuario del Pacífico by 67.9% in the third quarter. Van ECK Associates Corp now owns 220 shares of the transportation company's stock valued at $38,000 after buying an additional 89 shares in the last quarter. Signaturefd LLC increased its position in Grupo Aeroportuario del Pacífico by 34.0% in the 3rd quarter. Signaturefd LLC now owns 252 shares of the transportation company's stock valued at $44,000 after acquiring an additional 64 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Grupo Aeroportuario del Pacífico by 163.0% in the second quarter. Blue Trust Inc. now owns 284 shares of the transportation company's stock worth $46,000 after acquiring an additional 176 shares during the last quarter. US Bancorp DE lifted 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 worth $78,000 after purchasing an additional 88 shares in the last quarter. Finally, Cozad Asset Management Inc. bought a new stake in shares of Grupo Aeroportuario del Pacífico during the third quarter valued at approximately $218,000. Institutional investors own 11.73% of the company's stock.

Wall Street Analyst Weigh In

PAC has been the topic of several research reports. Bank of America raised Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a report on Wednesday, August 28th. The Goldman Sachs Group raised their price target on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the company a "buy" rating in a report on Friday, August 30th. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Grupo Aeroportuario del Pacífico in a report on Thursday, September 5th. Scotiabank downgraded shares of Grupo Aeroportuario del Pacífico from a "sector outperform" rating to a "sector perform" rating and cut their target price for the company from $224.00 to $185.00 in a research report on Wednesday, September 25th. Finally, Citigroup raised shares of Grupo Aeroportuario del Pacífico to a "strong-buy" rating in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Grupo Aeroportuario del Pacífico currently has an average rating of "Moderate Buy" and an average target price of $195.00.

Grupo Aeroportuario del Pacífico Trading Down 0.2 %

NYSE:PAC traded down $0.31 on Friday, reaching $181.83. The company's stock had a trading volume of 62,467 shares, compared to its average volume of 60,194. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 1-year low of $131.71 and a 1-year high of $197.31. The business's 50-day moving average price is $175.54 and its two-hundred day moving average price is $171.12. The firm has a market cap of $9.19 billion, a PE ratio of 18.07, a PEG ratio of 1.55 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be paid a $3.7626 dividend. This represents a $15.05 annualized dividend and a dividend yield of 8.28%. The ex-dividend date is Monday, November 25th. Grupo Aeroportuario del Pacífico's dividend 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.