Itau Unibanco Holding S.A. Makes New $23.15 Million Investment in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Itau Unibanco Holding S.A. bought a new position in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 133,000 shares of the transportation company’s stock, valued at approximately $23,145,000. Itau Unibanco Holding S.A. owned approximately 0.26% of Grupo Aeroportuario del Pacífico as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Scotiabank cut Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $224.00 to $185.00 in a report on Wednesday, September 25th. Citigroup upgraded Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research report on Wednesday, August 28th. Bank of America upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report 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, The Goldman Sachs Group upped their price target on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $195.00.

Grupo Aeroportuario del Pacífico Price Performance

NYSE:PAC opened at $182.22 on Tuesday. The firm has a market capitalization of $9.21 billion, a price-to-earnings ratio of 18.11, a P/E/G ratio of 1.65 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 $197.31. The stock has a fifty day moving average of $177.46 and a 200 day moving average of $170.92. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be issued a $3.7626 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $15.05 annualized dividend and a dividend yield of 8.26%. Grupo Aeroportuario del Pacífico’s dividend payout ratio is currently 19.18%.

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.