Mackenzie Financial Corp Grows Position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Mackenzie Financial Corp lifted its position in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 5.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,614 shares of the transportation company's stock after acquiring an additional 3,754 shares during the quarter. Mackenzie Financial Corp owned 0.14% of Grupo Aeroportuario del Pacífico worth $11,000,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Naples Global Advisors LLC boosted its position in Grupo Aeroportuario del Pacífico by 1.3% during the first quarter. Naples Global Advisors LLC now owns 5,447 shares of the transportation company's stock worth $889,000 after purchasing an additional 69 shares in the last quarter. Sei Investments Co. grew its stake in Grupo Aeroportuario del Pacífico by 0.6% in the 1st quarter. Sei Investments Co. now owns 12,446 shares of the transportation company's stock valued at $2,031,000 after acquiring an additional 73 shares during the period. Blue Trust Inc. grew its stake in Grupo Aeroportuario del Pacífico by 163.0% in the 2nd quarter. Blue Trust Inc. now owns 284 shares of the transportation company's stock valued at $46,000 after acquiring an additional 176 shares during the period. UMB Bank n.a. purchased a new stake in Grupo Aeroportuario del Pacífico in the 1st quarter worth $32,000. Finally, Eagle Ridge Investment Management raised its position in Grupo Aeroportuario del Pacífico by 0.9% during the second quarter. Eagle Ridge Investment Management now owns 70,794 shares of the transportation company's stock worth $11,028,000 after acquiring an additional 651 shares during the period. 11.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms 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. JPMorgan Chase & Co. restated an "underweight" rating on shares of Grupo Aeroportuario del Pacífico in a research report on Thursday, September 5th. Bank of America upgraded Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a research report on Wednesday, August 28th. The Goldman Sachs Group raised their price objective 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. Finally, Scotiabank cut shares of Grupo Aeroportuario del Pacífico from a "sector outperform" rating to a "sector perform" rating and reduced their target price for the company from $224.00 to $185.00 in a research report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $195.00.

Grupo Aeroportuario del Pacífico Price Performance

Shares of NYSE:PAC traded down $0.82 during midday trading on Tuesday, hitting $173.20. The company had a trading volume of 52,306 shares, compared to its average volume of 56,558. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a twelve month low of $107.25 and a twelve month high of $197.31. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of 15.46, a price-to-earnings-growth ratio of 1.70 and a beta of 1.47. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.13 and a quick ratio of 1.13. The business's 50-day simple moving average is $167.50 and its 200-day simple moving average is $168.61.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last issued its earnings results on Monday, July 22nd. The transportation company reported $2.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.01 by ($0.46). The company had revenue of $421.54 million during the quarter. Grupo Aeroportuario del Pacífico had a return on equity of 47.50% and a net margin of 29.26%. On average, research analysts predict that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 9.88 earnings per share for the current year.

Grupo Aeroportuario del Pacífico Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, August 2nd. Shareholders of record on Monday, July 22nd were issued a $3.8657 dividend. This represents a yield of 4.7%. This is a positive change from Grupo Aeroportuario del Pacífico's previous semi-annual dividend of $2.09. The ex-dividend date was Monday, July 22nd. Grupo Aeroportuario del Pacífico's payout ratio is presently 33.84%.

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.