Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC – Get Free Report)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $156.89, but opened at $164.40. Grupo Aeroportuario del Pacífico shares last traded at $172.27, with a volume of 63,322 shares.
Analysts Set New Price Targets
Separately, Bank of America upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Wednesday.
Check Out Our Latest Report on PAC
Grupo Aeroportuario del Pacífico Trading Up 9.5 %
Grupo Aeroportuario del Pacífico (NYSE:PAC – Get Free Report) last posted its quarterly earnings data on Monday, July 22nd. The transportation company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.46). The company had revenue of $421.54 million for the quarter. Grupo Aeroportuario del Pacífico had a return on equity of 47.50% and a net margin of 29.26%. Sell-side analysts anticipate 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 given a $3.8657 dividend. This represents a dividend yield of 4.7%. The ex-dividend date was Monday, July 22nd. This is an increase from Grupo Aeroportuario del Pacífico’s previous semi-annual dividend of $2.09. Grupo Aeroportuario del Pacífico’s dividend payout ratio (DPR) is 33.75%.
Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico
A number of large investors have recently modified their holdings of the business. UMB Bank n.a. purchased a new position in Grupo Aeroportuario del Pacífico in the 1st quarter valued at approximately $32,000. Blue Trust Inc. raised its position in Grupo Aeroportuario del Pacífico by 163.0% during the 2nd quarter. Blue Trust Inc. now owns 284 shares of the transportation company’s stock worth $46,000 after buying an additional 176 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Grupo Aeroportuario del Pacífico by 112.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 276 shares of the transportation company’s stock worth $48,000 after buying an additional 146 shares in the last quarter. Mather Group LLC. purchased a new position in shares of Grupo Aeroportuario del Pacífico in the 1st quarter valued at about $119,000. Finally, SG Americas Securities LLC purchased a new position in Grupo Aeroportuario del Pacífico in the 2nd quarter valued at approximately $242,000. Hedge funds and other institutional investors own 11.73% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Grupo Aeroportuario del Pacífico
- What is a buyback in stocks? A comprehensive guide for investors
- BHP Stock: The Under-the-Radar Growth Story in Commodities
- Conference Calls and Individual Investors
- Analysts Upgrade These 3 Hot Buy-and-Hold Stocks
- What Are Dividends? Buy the Best Dividend Stocks
- Kohl’s Charts a Resilient Path in a Challenging Retail Landscape
Receive News & Ratings for Grupo Aeroportuario del Pacífico Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Aeroportuario del Pacífico and related companies with MarketBeat.com's FREE daily email newsletter.