Maryland State Retirement & Pension System Trims Stock Holdings in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Maryland State Retirement & Pension System decreased its position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 4.4% in the second quarter, HoldingsChannel.com reports. The fund owned 49,687 shares of the transportation company’s stock after selling 2,263 shares during the period. Maryland State Retirement & Pension System’s holdings in Grupo Aeroportuario Del Pacifico were worth $11,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PAC. SG Americas Securities LLC raised its stake in Grupo Aeroportuario Del Pacifico by 40.8% in the 1st quarter. SG Americas Securities LLC now owns 2,133 shares of the transportation company’s stock worth $396,000 after acquiring an additional 618 shares during the last quarter. Albert D Mason Inc. grew its position in Grupo Aeroportuario Del Pacifico by 20.9% during the 1st quarter. Albert D Mason Inc. now owns 13,416 shares of the transportation company’s stock worth $2,489,000 after purchasing an additional 2,321 shares during the period. Marshall Financial Group LLC grew its position in Grupo Aeroportuario Del Pacifico by 6.4% during the 1st quarter. Marshall Financial Group LLC now owns 6,305 shares of the transportation company’s stock worth $1,170,000 after purchasing an additional 377 shares during the period. ABS Direct Equity Fund LLC grew its position in Grupo Aeroportuario Del Pacifico by 34.6% during the 1st quarter. ABS Direct Equity Fund LLC now owns 14,200 shares of the transportation company’s stock worth $2,634,000 after purchasing an additional 3,650 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new stake in Grupo Aeroportuario Del Pacifico during the 1st quarter worth about $70,000. Hedge funds and other institutional investors own 11.73% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday. Citigroup reaffirmed a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, September 10th. Bank of America lowered Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “underperform” rating in a research note on Thursday, June 12th. Finally, Wall Street Zen downgraded Grupo Aeroportuario Del Pacifico from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Grupo Aeroportuario Del Pacifico presently has an average rating of “Hold” and an average price target of $210.00.

Grupo Aeroportuario Del Pacifico Trading Up 0.5%

Shares of Grupo Aeroportuario Del Pacifico stock opened at $230.54 on Thursday. The firm has a market capitalization of $11.65 billion, a PE ratio of 23.91, a P/E/G ratio of 2.83 and a beta of 1.13. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a twelve month low of $163.76 and a twelve month high of $259.33. The firm’s 50-day moving average price is $243.69 and its 200 day moving average price is $224.63. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.02.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last released its earnings results on Monday, July 21st. The transportation company reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.05). Grupo Aeroportuario Del Pacifico had a return on equity of 39.81% and a net margin of 24.28%.The business had revenue of $584.36 million during the quarter, compared to analysts’ expectations of $10.86 billion. On average, sell-side analysts predict that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 EPS for the current fiscal year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, August 25th. Stockholders of record on Wednesday, August 13th were issued a dividend of $4.4656 per share. The ex-dividend date was Wednesday, August 13th. This represents a dividend yield of 350.0%. This is an increase from Grupo Aeroportuario Del Pacifico’s previous semi-annual dividend of $4.32. Grupo Aeroportuario Del Pacifico’s payout ratio is 81.95%.

Grupo Aeroportuario Del Pacifico 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.