ABS Direct Equity Fund LLC Acquires 710 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

ABS Direct Equity Fund LLC lifted its stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 4.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,160 shares of the transportation company’s stock after buying an additional 710 shares during the period. Grupo Aeroportuario del Pacífico comprises approximately 2.9% of ABS Direct Equity Fund LLC’s holdings, making the stock its 12th largest holding. ABS Direct Equity Fund LLC’s holdings in Grupo Aeroportuario del Pacífico were worth $2,638,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Itau Unibanco Holding S.A. bought a new position in shares of Grupo Aeroportuario del Pacífico during the third quarter valued at $23,145,000. 1832 Asset Management L.P. acquired a new stake in shares of Grupo Aeroportuario del Pacífico during the 2nd quarter worth about $13,976,000. National Bank of Canada FI lifted its holdings in Grupo Aeroportuario del Pacífico by 7,927.9% during the 3rd quarter. National Bank of Canada FI now owns 48,970 shares of the transportation company’s stock valued at $8,521,000 after purchasing an additional 48,360 shares during the last quarter. State Street Corp boosted its position in Grupo Aeroportuario del Pacífico by 11.0% in the third quarter. State Street Corp now owns 374,595 shares of the transportation company’s stock valued at $65,187,000 after buying an additional 37,005 shares in the last quarter. Finally, FMR LLC grew its stake in Grupo Aeroportuario del Pacífico by 1,454.3% during the third quarter. FMR LLC now owns 19,367 shares of the transportation company’s stock worth $3,370,000 after buying an additional 18,121 shares during the last quarter. Institutional investors and hedge funds own 11.73% of the company’s stock.

Analysts Set New Price Targets

PAC has been the topic of a number of research analyst reports. Citigroup upgraded Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research report on Wednesday, August 28th. Bank of America upgraded shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 28th. Scotiabank cut shares of Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $224.00 to $185.00 in a research report on Wednesday, September 25th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Thursday, September 5th. Finally, UBS Group raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Grupo Aeroportuario del Pacífico currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

Grupo Aeroportuario del Pacífico Stock Performance

Shares of NYSE:PAC opened at $196.45 on Tuesday. The firm’s 50 day simple moving average is $178.60 and its 200 day simple moving average is $170.70. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a fifty-two week low of $139.64 and a fifty-two week high of $200.00. The company has a market capitalization of $9.93 billion, a price-to-earnings ratio of 19.53, a P/E/G ratio of 1.69 and a beta of 1.47. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were issued a $3.7626 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $15.05 annualized dividend and a yield of 7.66%. Grupo Aeroportuario del Pacífico’s dividend payout ratio (DPR) is presently 19.18%.

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.