Dimensional Fund Advisors LP Purchases 5,481 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Dimensional Fund Advisors LP raised its stake in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 4.1% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 138,103 shares of the transportation company's stock after purchasing an additional 5,481 shares during the period. Dimensional Fund Advisors LP owned approximately 0.27% of Grupo Aeroportuario del Pacífico worth $21,515,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PAC. UMB Bank n.a. purchased a new stake in shares of Grupo Aeroportuario del Pacífico during the first quarter valued at approximately $32,000. Blue Trust Inc. increased its position in shares of Grupo Aeroportuario del Pacífico by 163.0% during the second 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 last quarter. Mather Group LLC. purchased a new stake in shares of Grupo Aeroportuario del Pacífico during the first quarter valued at approximately $119,000. SG Americas Securities LLC purchased a new stake in shares of Grupo Aeroportuario del Pacífico during the second quarter valued at approximately $242,000. Finally, Sanders Morris Harris LLC purchased a new stake in shares of Grupo Aeroportuario del Pacífico during the first quarter valued at approximately $261,000. Institutional investors and hedge funds own 11.73% of the company's stock.

Wall Street Analyst Weigh In

PAC has been the subject of a number of recent research reports. Citigroup raised Grupo Aeroportuario del Pacífico to a "strong-buy" rating in a research report on Wednesday, August 28th. Scotiabank downgraded Grupo Aeroportuario del Pacífico from a "sector outperform" rating to a "sector perform" rating and decreased their target price for the stock from $224.00 to $185.00 in a research report on Wednesday, September 25th. 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. Bank of America raised Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a research report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating on shares of Grupo Aeroportuario del Pacífico in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Grupo Aeroportuario del Pacífico presently has a consensus rating of "Moderate Buy" and a consensus price target of $195.00.

Grupo Aeroportuario del Pacífico Stock Performance

Shares of NYSE PAC traded up $4.43 during mid-day trading on Friday, hitting $172.74. The company had a trading volume of 55,403 shares, compared to its average volume of 56,646. The company has a market capitalization of $8.73 billion, a price-to-earnings ratio of 15.45, a P/E/G ratio of 1.63 and a beta of 1.47. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 1 year low of $107.25 and a 1 year high of $197.31. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.56. The stock's 50-day moving average price is $167.89 and its 200-day moving average price is $168.64.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last announced its quarterly earnings results on Monday, July 22nd. The transportation company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $3.01 by ($0.46). The company had revenue of $421.54 million during the quarter. Grupo Aeroportuario del Pacífico had a net margin of 29.26% and a return on equity of 47.50%. On average, sell-side analysts forecast 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 firm also recently disclosed a semi-annual dividend, which was paid on Friday, August 2nd. Investors of record on Monday, July 22nd were paid a dividend of $3.8657 per share. 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. This represents a yield of 4.7%. Grupo Aeroportuario del Pacífico's dividend payout ratio (DPR) is currently 33.84%.

Grupo Aeroportuario del Pacífico 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.