JPMorgan Chase & Co. Acquires 448 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

JPMorgan Chase & Co. boosted its holdings in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 26.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,158 shares of the transportation company’s stock after buying an additional 448 shares during the period. JPMorgan Chase & Co.’s holdings in Grupo Aeroportuario del Pacífico were worth $376,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Albert D Mason Inc. lifted its position in Grupo Aeroportuario del Pacífico by 0.5% in the third quarter. Albert D Mason Inc. now owns 12,645 shares of the transportation company’s stock valued at $2,200,000 after purchasing an additional 63 shares during the last quarter. Signaturefd LLC raised its stake in shares of Grupo Aeroportuario del Pacífico by 34.0% in the third quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock worth $44,000 after purchasing an additional 64 shares during the last quarter. US Bancorp DE raised its holdings in shares of Grupo Aeroportuario del Pacífico by 24.4% during the third quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock valued at $78,000 after purchasing an additional 88 shares during the last quarter. Van ECK Associates Corp boosted its position in Grupo Aeroportuario del Pacífico by 67.9% in the third quarter. Van ECK Associates Corp now owns 220 shares of the transportation company’s stock worth $38,000 after purchasing an additional 89 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Grupo Aeroportuario del Pacífico by 37.3% in the 3rd quarter. Blue Trust Inc. now owns 390 shares of the transportation company’s stock worth $68,000 after purchasing an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 11.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on PAC shares. Barclays restated an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. UBS Group upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $195.00.

Grupo Aeroportuario del Pacífico Trading Up 0.2 %

NYSE PAC opened at $187.35 on Thursday. The company has a market capitalization of $9.47 billion, a PE ratio of 18.62, a P/E/G ratio of 1.22 and a beta of 1.46. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 1 year low of $139.64 and a 1 year high of $200.00. The company has a fifty day moving average of $185.93 and a 200 day moving average of $175.78. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50.

Grupo Aeroportuario del Pacífico Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were paid a $3.7626 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $15.05 annualized dividend and a dividend yield of 8.03%.

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.