National Bank of Canada FI Boosts Stock Holdings in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

National Bank of Canada FI raised its position in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 7,927.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,970 shares of the transportation company's stock after buying an additional 48,360 shares during the quarter. National Bank of Canada FI owned about 0.10% of Grupo Aeroportuario del Pacífico worth $8,521,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PAC shares. Bank of America upgraded shares of Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. restated an "underweight" rating on shares of Grupo Aeroportuario del Pacífico in a research note on Thursday, September 5th. UBS Group upgraded Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a research report on Tuesday, November 26th. The Goldman Sachs Group raised their target price on 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, Scotiabank lowered shares of Grupo Aeroportuario del Pacífico from a "sector outperform" rating to a "sector perform" rating and reduced their price target for the company from $224.00 to $185.00 in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Grupo Aeroportuario del Pacífico has a consensus 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 $2.12 during trading on Thursday, reaching $189.15. The company had a trading volume of 26,558 shares, compared to its average volume of 61,324. The firm has a market capitalization of $9.56 billion, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 1.69 and a beta of 1.47. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. The firm's 50-day simple moving average is $179.43 and its 200 day simple moving average is $170.86. 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.

Grupo Aeroportuario del Pacífico Announces Dividend

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

Grupo Aeroportuario del Pacífico Company 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.