Grupo Aeroportuario del Pacífico (NYSE:PAC) Sees Large Volume Increase

Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) saw strong trading volume on Tuesday . 37,067 shares traded hands during mid-day trading, a decline of 28% from the previous session’s volume of 51,575 shares.The stock last traded at $162.52 and had previously closed at $163.28.

Grupo Aeroportuario del Pacífico Price Performance

The firm has a 50 day moving average price of $168.77 and a 200 day moving average price of $163.88. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.56. The stock has a market cap of $8.25 billion, a P/E ratio of 14.57, a P/E/G ratio of 2.57 and a beta of 1.46.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last posted its quarterly earnings data on Monday, July 22nd. The transportation company reported $2.55 EPS for the quarter, missing the consensus estimate of $3.01 by ($0.46). Grupo Aeroportuario del Pacífico had a return on equity of 47.50% and a net margin of 29.26%. The company had revenue of $421.54 million during the quarter. On average, analysts forecast that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 9.75 EPS for the current fiscal year.

Grupo Aeroportuario del Pacífico Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, August 2nd. Stockholders of record on Monday, July 22nd will be paid a $3.8657 dividend. The ex-dividend date of this dividend is Monday, July 22nd. This represents a dividend yield of 4.7%. This is an increase from Grupo Aeroportuario del Pacífico’s previous semi-annual dividend of $2.09. Grupo Aeroportuario del Pacífico’s dividend payout ratio (DPR) is 33.84%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Naples Global Advisors LLC raised its stake in Grupo Aeroportuario del Pacífico by 1.3% during the 1st quarter. Naples Global Advisors LLC now owns 5,447 shares of the transportation company’s stock valued at $889,000 after purchasing an additional 69 shares during the period. Sei Investments Co. raised its stake in Grupo Aeroportuario del Pacífico by 0.6% during the 1st quarter. Sei Investments Co. now owns 12,446 shares of the transportation company’s stock valued at $2,031,000 after purchasing an additional 73 shares during the period. Blue Trust Inc. raised its stake in Grupo Aeroportuario del Pacífico by 19.3% during the 4th quarter. Blue Trust Inc. now owns 685 shares of the transportation company’s stock valued at $113,000 after purchasing an additional 111 shares during the period. EverSource Wealth Advisors LLC raised its stake in Grupo Aeroportuario del Pacífico by 112.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 276 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 146 shares during the period. Finally, Albert D Mason Inc. raised its stake in Grupo Aeroportuario del Pacífico by 1.4% during the 1st quarter. Albert D Mason Inc. now owns 12,547 shares of the transportation company’s stock valued at $2,047,000 after purchasing an additional 174 shares during the period. Institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario del Pacífico Company 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.