National Bank of Canada FI increased its position in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 7,927.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,970 shares of the transportation company's stock after purchasing an additional 48,360 shares during the period. National Bank of Canada FI owned about 0.10% of Grupo Aeroportuario del Pacífico worth $8,521,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. State Street Corp increased its holdings in Grupo Aeroportuario del Pacífico by 11.0% in the 3rd 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 during the period. Northcape Capital Pty Ltd boosted its position in shares of Grupo Aeroportuario del Pacífico by 1.6% during the 3rd quarter. Northcape Capital Pty Ltd now owns 164,368 shares of the transportation company's stock valued at $28,603,000 after acquiring an additional 2,557 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Grupo Aeroportuario del Pacífico by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 138,103 shares of the transportation company's stock valued at $21,515,000 after acquiring an additional 5,481 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in Grupo Aeroportuario del Pacífico in the third quarter valued at about $23,145,000. Finally, 1832 Asset Management L.P. acquired a new position in Grupo Aeroportuario del Pacífico in the second quarter worth about $13,976,000. 11.73% of the stock is currently owned by institutional investors and hedge funds.
PAC has been the topic of a number of recent research reports. UBS Group raised Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a report on Tuesday, November 26th. Bank of America upgraded Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a research note on Wednesday, August 28th. Citigroup upgraded shares of Grupo Aeroportuario del Pacífico to a "strong-buy" rating in a research note 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. Finally, Scotiabank lowered shares of Grupo Aeroportuario del Pacífico from a "sector outperform" rating to a "sector perform" rating and reduced their price target for the company from $224.00 to $185.00 in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, one has issued 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $195.00.
Check Out Our Latest Report on Grupo Aeroportuario del Pacífico
Grupo Aeroportuario del Pacífico stock opened at $191.16 on Thursday. The business's fifty day moving average is $179.43 and its two-hundred day moving average is $170.86. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50. The firm has a market cap of $9.66 billion, a P/E ratio of 19.00, a P/E/G ratio of 1.69 and a beta of 1.47. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were given a $3.7626 dividend. This represents a $15.05 annualized dividend and a yield of 7.87%. The ex-dividend date was Monday, November 25th. Grupo Aeroportuario del Pacífico's payout ratio is presently 19.18%.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Grupo Aeroportuario del Pacífico, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grupo Aeroportuario del Pacífico wasn't on the list.
While Grupo Aeroportuario del Pacífico currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.