Blue Trust Inc. Purchases 400 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Blue Trust Inc. boosted its holdings in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 102.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 790 shares of the transportation company’s stock after purchasing an additional 400 shares during the quarter. Blue Trust Inc.’s holdings in Grupo Aeroportuario del Pacífico were worth $137,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PAC. State Street Corp grew its position in shares of Grupo Aeroportuario del Pacífico by 11.0% during the third quarter. State Street Corp now owns 374,595 shares of the transportation company’s stock worth $65,187,000 after purchasing an additional 37,005 shares in the last quarter. Metis Global Partners LLC boosted its stake in Grupo Aeroportuario del Pacífico by 54.0% in the 3rd quarter. Metis Global Partners LLC now owns 21,542 shares of the transportation company’s stock worth $3,749,000 after purchasing an additional 7,553 shares during the period. FMR LLC grew its holdings in Grupo Aeroportuario del Pacífico by 1,454.3% during the 3rd quarter. FMR LLC now owns 19,367 shares of the transportation company’s stock valued at $3,370,000 after buying an additional 18,121 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Grupo Aeroportuario del Pacífico by 16.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 21,206 shares of the transportation company’s stock valued at $3,690,000 after buying an additional 3,032 shares in the last quarter. Finally, National Bank of Canada FI raised its position in shares of Grupo Aeroportuario del Pacífico by 7,927.9% during the third quarter. National Bank of Canada FI now owns 48,970 shares of the transportation company’s stock valued at $8,521,000 after buying an additional 48,360 shares during the last quarter. 11.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PAC shares. UBS Group raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th. Barclays restated an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Grupo Aeroportuario del Pacífico has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

Grupo Aeroportuario del Pacífico Trading Down 1.3 %

Shares of PAC opened at $184.12 on Thursday. The stock has a market capitalization of $9.30 billion, a PE ratio of 18.30, a P/E/G ratio of 1.20 and a beta of 1.47. The company’s fifty day moving average is $186.07 and its 200 day moving average is $176.58. 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, S.A.B. de C.V. has a fifty-two week low of $139.64 and a fifty-two week high of $200.00.

Grupo Aeroportuario del Pacífico Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were given a dividend of $3.7626 per share. This represents a $15.05 annualized dividend and a dividend yield of 8.17%. The ex-dividend date was Monday, November 25th.

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.