Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC – Get Free Report) have been assigned an average rating of “Hold” from the five brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $150.50.
A number of brokerages have recently weighed in on PAC. StockNews.com began coverage on shares of Grupo Aeroportuario del Pacífico in a research note on Thursday, May 18th. They issued a “hold” rating for the company. HSBC raised shares of Grupo Aeroportuario del Pacífico from a “hold” rating to a “buy” rating in a research note on Monday, May 8th. Finally, Bank of America raised shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “neutral” rating in a research note on Wednesday.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in PAC. Vestmark Advisory Solutions Inc. acquired a new position in shares of Grupo Aeroportuario del Pacífico during the 4th quarter worth $234,000. Maryland State Retirement & Pension System grew its stake in Grupo Aeroportuario del Pacífico by 302.9% in the 1st quarter. Maryland State Retirement & Pension System now owns 50,546 shares of the transportation company’s stock valued at $9,862,000 after buying an additional 38,001 shares during the last quarter. Cozad Asset Management Inc. acquired a new position in Grupo Aeroportuario del Pacífico in the 4th quarter valued at $213,000. Harbour Capital Advisors LLC grew its stake in Grupo Aeroportuario del Pacífico by 13.3% in the 1st quarter. Harbour Capital Advisors LLC now owns 4,299 shares of the transportation company’s stock valued at $839,000 after buying an additional 505 shares during the last quarter. Finally, Ritholtz Wealth Management grew its stake in Grupo Aeroportuario del Pacífico by 25.5% in the 1st quarter. Ritholtz Wealth Management now owns 5,023 shares of the transportation company’s stock valued at $980,000 after buying an additional 1,020 shares during the last quarter. Institutional investors and hedge funds own 12.84% of the company’s stock.
Grupo Aeroportuario del Pacífico Price Performance
Grupo Aeroportuario del Pacífico Cuts Dividend
The company also recently declared a — dividend, which will be paid on Monday, July 24th. Investors of record on Wednesday, July 12th will be given a $2.1661 dividend. The ex-dividend date of this dividend is Tuesday, July 11th. This represents a dividend yield of 3.8%. Grupo Aeroportuario del Pacífico’s dividend payout ratio (DPR) is presently 79.84%.
About Grupo Aeroportuario del Pacífico
Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, manages, operates, and develops airports primarily in Mexico's Pacific region. The company operates 12 airports in Guadalajara, Puerto Vallarta, Tijuana, San José del Cabo, Guanajuato (Bajío), Hermosillo, Mexicali, Los Mochis, La Paz, Manzanillo, Morelia, and Aguascalientes.
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