WCM Investment Management LLC Trims Stock Position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

WCM Investment Management LLC reduced its stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 4.1% during the 4th quarter, HoldingsChannel reports. The firm owned 3,977 shares of the transportation company’s stock after selling 172 shares during the period. WCM Investment Management LLC’s holdings in Grupo Aeroportuario del Pacífico were worth $697,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Van ECK Associates Corp lifted its holdings in shares of Grupo Aeroportuario del Pacífico by 67.9% during 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 period. Signaturefd LLC raised its position in Grupo Aeroportuario del Pacífico by 34.0% during the 3rd quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock worth $44,000 after buying an additional 64 shares during the last quarter. Fifth Third Bancorp raised its position in Grupo Aeroportuario del Pacífico by 327.4% during the 4th quarter. Fifth Third Bancorp now owns 359 shares of the transportation company’s stock worth $63,000 after buying an additional 275 shares during the last quarter. Blue Trust Inc. lifted 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 acquiring an additional 106 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of Grupo Aeroportuario del Pacífico by 24.4% in the third quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock valued at $78,000 after acquiring an additional 88 shares in the last quarter. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PAC has been the subject of several analyst reports. Barclays reissued an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Tuesday, January 21st. UBS Group raised Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Grupo Aeroportuario del Pacífico currently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Grupo Aeroportuario del Pacífico Stock Up 0.5 %

Shares of NYSE PAC opened at $188.11 on Tuesday. 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 firm has a 50-day moving average price of $186.24 and a 200 day moving average price of $177.24. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 52 week low of $139.64 and a 52 week high of $200.00. The stock has a market capitalization of $9.50 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 1.23 and a beta of 1.47.

Grupo Aeroportuario del Pacífico Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid a dividend of $3.7626 per share. This represents a $15.05 annualized dividend and a dividend yield of 8.00%. The ex-dividend date was Monday, November 25th.

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.