Grupo Aeroportuario del Pacífico (NYSE:PAC) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $172.36 and traded as high as $186.97. Grupo Aeroportuario del Pacífico shares last traded at $184.20, with a volume of 24,975 shares trading hands.

Analysts Set New Price Targets

PAC has been the subject of several recent research reports. UBS Group upgraded shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th. Scotiabank downgraded Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $224.00 to $185.00 in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Grupo Aeroportuario del Pacífico presently has an average rating of “Moderate Buy” and a consensus price target of $195.00.

Grupo Aeroportuario del Pacífico Trading Up 3.0 %

The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. The company’s fifty day moving average price is $182.42 and its two-hundred day moving average price is $172.36. The firm has a market cap of $9.31 billion, a PE ratio of 18.31, a P/E/G ratio of 1.66 and a beta of 1.46.

Grupo Aeroportuario del Pacífico Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were issued a $3.7626 dividend. This represents a $15.05 dividend on an annualized basis and a yield of 8.17%. The ex-dividend date of this dividend was Monday, November 25th. Grupo Aeroportuario del Pacífico’s dividend payout ratio is presently 19.18%.

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

A number of large investors have recently modified their holdings of PAC. JPMorgan Chase & Co. boosted its stake in shares of Grupo Aeroportuario del Pacífico by 26.2% in the third quarter. JPMorgan Chase & Co. now owns 2,158 shares of the transportation company’s stock valued at $376,000 after buying an additional 448 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Grupo Aeroportuario del Pacífico by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,465 shares of the transportation company’s stock worth $429,000 after purchasing an additional 175 shares in the last quarter. ABS Direct Equity Fund LLC grew its stake in shares of Grupo Aeroportuario del Pacífico by 4.9% during the 3rd quarter. ABS Direct Equity Fund LLC now owns 15,160 shares of the transportation company’s stock worth $2,638,000 after purchasing an additional 710 shares during the period. National Bank of Canada FI increased its holdings in shares of Grupo Aeroportuario del Pacífico by 7,927.9% in the 3rd quarter. National Bank of Canada FI now owns 48,970 shares of the transportation company’s stock valued at $8,521,000 after purchasing an additional 48,360 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Grupo Aeroportuario del Pacífico by 11.0% in the third quarter. State Street Corp now owns 374,595 shares of the transportation company’s stock valued at $65,187,000 after purchasing an additional 37,005 shares during the period. 11.73% of the stock is owned by hedge funds and other institutional investors.

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.