Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Shares Bought by US Bancorp DE

US Bancorp DE boosted its holdings in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 24.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 448 shares of the transportation company’s stock after purchasing an additional 88 shares during the period. US Bancorp DE’s holdings in Grupo Aeroportuario del Pacífico were worth $78,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in PAC. Lazard Asset Management LLC increased its holdings in shares of Grupo Aeroportuario del Pacífico by 141.5% in the first quarter. Lazard Asset Management LLC now owns 481,256 shares of the transportation company’s stock valued at $78,526,000 after buying an additional 281,966 shares in the last quarter. 1832 Asset Management L.P. purchased a new stake in shares of Grupo Aeroportuario del Pacífico during the second quarter valued at $13,976,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Grupo Aeroportuario del Pacífico in the 1st quarter valued at $2,676,000. Quadrature Capital Ltd purchased a new position in Grupo Aeroportuario del Pacífico in the 1st quarter worth about $1,485,000. Finally, Marshall Financial Group LLC purchased a new position in Grupo Aeroportuario del Pacífico in the 2nd quarter worth about $867,000. 11.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on PAC. Citigroup raised shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research note 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. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Thursday, September 5th. The Goldman Sachs Group increased their target price on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Scotiabank cut Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $224.00 to $185.00 in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Grupo Aeroportuario del Pacífico presently has an average rating of “Moderate Buy” and a consensus price target of $195.00.

Grupo Aeroportuario del Pacífico Price Performance

NYSE PAC opened at $181.66 on Friday. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50. The firm has a market capitalization of $9.18 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 1.55 and a beta of 1.46. The company has a 50 day simple moving average of $175.54 and a 200-day simple moving average of $171.04. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 52-week low of $131.71 and a 52-week high of $197.31.

Grupo Aeroportuario del Pacífico Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be given a $3.7626 dividend. The ex-dividend date is Monday, November 25th. This represents a $15.05 dividend on an annualized basis and a yield of 8.28%. Grupo Aeroportuario del Pacífico’s payout ratio is 19.18%.

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.