Bank of Montreal Can Sells 1,334 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Bank of Montreal Can lessened its stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 6.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,135 shares of the transportation company’s stock after selling 1,334 shares during the quarter. Bank of Montreal Can’s holdings in Grupo Aeroportuario del Pacífico were worth $3,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of PAC. Naples Global Advisors LLC raised its holdings in Grupo Aeroportuario del Pacífico by 1.3% in the first quarter. Naples Global Advisors LLC now owns 5,447 shares of the transportation company’s stock worth $889,000 after buying an additional 69 shares during the last quarter. Sei Investments Co. raised its holdings 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 worth $2,031,000 after acquiring an additional 73 shares during the last quarter. Blue Trust Inc. lifted its position 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 in the last quarter. UMB Bank n.a. purchased a new stake in Grupo Aeroportuario del Pacífico during the 1st quarter valued at $32,000. Finally, Eagle Ridge Investment Management boosted its position in shares of 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 valued at $11,028,000 after buying an additional 651 shares during the last quarter. Institutional investors own 11.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PAC shares. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Thursday, September 5th. Bank of America upgraded shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Wednesday, August 28th. 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 stock from $224.00 to $185.00 in a research report on Wednesday, September 25th. The Goldman Sachs Group boosted their target price on shares of Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Citigroup upgraded 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, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $195.00.

Grupo Aeroportuario del Pacífico Stock Down 0.3 %

Shares of PAC stock opened at $172.60 on Thursday. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 12 month low of $107.25 and a 12 month high of $197.31. The company has a 50 day simple moving average of $167.69 and a two-hundred day simple moving average of $168.64. 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 has a market cap of $8.72 billion, a P/E ratio of 15.41, a P/E/G ratio of 1.63 and a beta of 1.47.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last released its 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). Grupo Aeroportuario del Pacífico had a net margin of 29.26% and a return on equity of 47.50%. The company had revenue of $421.54 million for the quarter. On average, research analysts expect 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 business 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. The ex-dividend date of this dividend was Monday, July 22nd. This is an increase from Grupo Aeroportuario del Pacífico’s previous semi-annual dividend of $2.09. This represents a dividend yield of 4.7%. Grupo Aeroportuario del Pacífico’s payout ratio is 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.