Outlook Wealth Advisors LLC Takes $304,000 Position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Outlook Wealth Advisors LLC acquired a new stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,949 shares of the transportation company’s stock, valued at approximately $304,000.

A number of other institutional investors also recently modified their holdings of the company. Lazard Asset Management LLC lifted its position in shares of Grupo Aeroportuario del Pacífico by 141.5% during the 1st quarter. Lazard Asset Management LLC now owns 481,256 shares of the transportation company’s stock valued at $78,526,000 after acquiring an additional 281,966 shares during the period. Northcape Capital Pty Ltd lifted its position in shares of Grupo Aeroportuario del Pacífico by 67.9% during the 1st quarter. Northcape Capital Pty Ltd now owns 162,439 shares of the transportation company’s stock valued at $26,505,000 after acquiring an additional 65,681 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Grupo Aeroportuario del Pacífico by 3.0% during the 1st quarter. Russell Investments Group Ltd. now owns 101,851 shares of the transportation company’s stock valued at $16,619,000 after acquiring an additional 2,941 shares during the period. Capital International Investors lifted its position in shares of Grupo Aeroportuario del Pacífico by 5.1% during the 4th quarter. Capital International Investors now owns 72,786 shares of the transportation company’s stock valued at $12,696,000 after acquiring an additional 3,517 shares during the period. Finally, Mackenzie Financial Corp lifted its position in shares of Grupo Aeroportuario del Pacífico by 10.6% during the 4th quarter. Mackenzie Financial Corp now owns 70,888 shares of the transportation company’s stock valued at $12,421,000 after acquiring an additional 6,776 shares during the period. 11.73% of the stock is owned by institutional investors.

Grupo Aeroportuario del Pacífico Stock Up 2.6 %

PAC traded up $4.23 during trading on Friday, hitting $167.84. 55,227 shares of the company’s stock were exchanged, compared to its average volume of 51,808. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a fifty-two week low of $107.25 and a fifty-two week high of $197.31. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.56. The stock has a market cap of $8.48 billion, a P/E ratio of 14.99, a PEG ratio of 2.41 and a beta of 1.46. The business’s 50 day moving average is $159.63 and its two-hundred day moving average is $163.78.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last posted its earnings results on Monday, July 22nd. The transportation company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.01 by ($0.46). Grupo Aeroportuario del Pacífico had a return on equity of 47.50% and a net margin of 29.26%. The firm had revenue of $421.54 million during the quarter. As a group, equities analysts expect that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 9.81 earnings per share for the current fiscal year.

Grupo Aeroportuario del Pacífico Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, August 2nd. Stockholders of record on Monday, July 22nd were paid a $3.8657 dividend. This is a positive change from Grupo Aeroportuario del Pacífico’s previous semi-annual dividend of $2.09. The ex-dividend date of this dividend was Monday, July 22nd. This represents a dividend yield of 4.7%. Grupo Aeroportuario del Pacífico’s dividend payout ratio is presently 33.75%.

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.