Grupo Aeroportuario del Pacífico (NYSE:PAC) Trading Down 3.8%

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) was down 3.8% during trading on Wednesday . The company traded as low as $158.18 and last traded at $158.36. Approximately 6,484 shares changed hands during trading, a decline of 87% from the average daily volume of 51,766 shares. The stock had previously closed at $164.57.

Grupo Aeroportuario del Pacífico Stock Performance

The business has a 50 day moving average price of $159.85 and a two-hundred day moving average price of $164.01. The stock has a market cap of $8.12 billion, a P/E ratio of 14.69, a price-to-earnings-growth ratio of 2.54 and a beta of 1.46. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.56.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last issued its earnings results on Monday, July 22nd. The transportation company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.46). The company had revenue of $421.54 million for the quarter. Grupo Aeroportuario del Pacífico had a return on equity of 47.50% and a net margin of 29.26%. On average, sell-side analysts forecast that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 9.81 earnings per share for the current fiscal year.

Grupo Aeroportuario del Pacífico Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, August 2nd. Investors of record on Monday, July 22nd were given a $3.8657 dividend. This represents a yield of 4.7%. The ex-dividend date was Monday, July 22nd. This is a boost from Grupo Aeroportuario del Pacífico’s previous semi-annual dividend of $2.09. Grupo Aeroportuario del Pacífico’s payout ratio is currently 33.84%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UMB Bank n.a. purchased a new stake in shares of Grupo Aeroportuario del Pacífico in the first quarter valued at $32,000. Blue Trust Inc. raised 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 worth $46,000 after purchasing an additional 176 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Grupo Aeroportuario del Pacífico by 112.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 276 shares of the transportation company’s stock worth $48,000 after purchasing an additional 146 shares during the last quarter. Mather Group LLC. purchased a new position in shares of Grupo Aeroportuario del Pacífico during the first quarter valued at approximately $119,000. Finally, SG Americas Securities LLC purchased a new position in shares of Grupo Aeroportuario del Pacífico during the second quarter valued at approximately $242,000. Hedge funds and other institutional investors own 11.73% of the company’s stock.

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.