Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its stake in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 16.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,206 shares of the transportation company’s stock after purchasing an additional 3,032 shares during the period. BNP Paribas Financial Markets’ holdings in Grupo Aeroportuario del Pacífico were worth $3,690,000 as of its most recent SEC filing.

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

Grupo Aeroportuario del Pacífico Stock Up 0.9 %

Shares of Grupo Aeroportuario del Pacífico stock opened at $185.03 on Thursday. The company has a fifty day moving average price of $177.42 and a 200 day moving average price of $170.77. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a twelve month low of $139.64 and a twelve month high of $197.31. The stock has a market cap of $9.35 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 1.61 and a beta of 1.47.

Grupo Aeroportuario del Pacífico Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be given a dividend of $3.7626 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $15.05 dividend on an annualized basis and a yield of 8.13%. Grupo Aeroportuario del Pacífico’s dividend payout ratio (DPR) is 19.18%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PAC shares. UBS Group upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group upped their price objective on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, August 30th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Thursday, September 5th. Citigroup upgraded Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a report on Wednesday, August 28th. Finally, Bank of America upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

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.