Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 7.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 8,817 shares of the transportation company’s stock after acquiring an additional 588 shares during the period. The Manufacturers Life Insurance Company’s holdings in Grupo Aeroportuario del Pacífico were worth $1,534,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp grew its stake in shares of Grupo Aeroportuario del Pacífico by 67.9% in the 3rd quarter. Van ECK Associates Corp now owns 220 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 89 shares during the last quarter. Signaturefd LLC raised its holdings in Grupo Aeroportuario del Pacífico by 34.0% during the third quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock worth $44,000 after purchasing an additional 64 shares during the last quarter. Blue Trust Inc. raised its holdings in Grupo Aeroportuario del Pacífico by 163.0% during the second 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 last quarter. US Bancorp DE raised its holdings in Grupo Aeroportuario del Pacífico by 24.4% during the third quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock worth $78,000 after purchasing an additional 88 shares during the last quarter. Finally, Cozad Asset Management Inc. acquired a new position in shares of Grupo Aeroportuario del Pacífico in the third quarter worth $218,000. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Pacífico Trading Up 0.0 %

Shares of PAC opened at $196.34 on Wednesday. The stock has a 50-day moving average price of $179.06 and a 200 day moving average price of $170.72. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a one year low of $139.64 and a one year high of $200.00. The company has a market capitalization of $9.92 billion, a P/E ratio of 19.52, 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 quick ratio of 1.50 and a current ratio of 1.50.

Grupo Aeroportuario del Pacífico Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were paid a dividend of $3.7626 per share. This represents a $15.05 annualized dividend and a yield of 7.67%. The ex-dividend date was Monday, November 25th. Grupo Aeroportuario del Pacífico’s payout ratio is currently 19.18%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PAC. Citigroup raised Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Thursday, September 5th. Bank of America raised Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 28th. UBS Group raised Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 26th. Finally, Scotiabank downgraded 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 equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Grupo Aeroportuario del Pacífico presently has an average rating of “Moderate Buy” and an average target price of $195.00.

Grupo Aeroportuario del Pacífico 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.