Vestmark Advisory Solutions Inc. Grows Position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Posted by Defense World Staff on Aug 18th, 2023

Vestmark Advisory Solutions Inc. boosted its stake in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC – Free Report) by 34.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,194 shares of the transportation company’s stock after acquiring an additional 566 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Grupo Aeroportuario del Pacífico were worth $428,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Grupo Aeroportuario del Pacífico during the first quarter valued at about $26,000. Hollencrest Capital Management bought a new position in Grupo Aeroportuario del Pacífico during the fourth quarter valued at approximately $27,000. Ronald Blue Trust Inc. grew its holdings in Grupo Aeroportuario del Pacífico by 75.4% during the 1st quarter. Ronald Blue Trust Inc. now owns 242 shares of the transportation company’s stock valued at $35,000 after buying an additional 104 shares in the last quarter. IFP Advisors Inc increased its stake in Grupo Aeroportuario del Pacífico by 23.3% in the 4th quarter. IFP Advisors Inc now owns 391 shares of the transportation company’s stock worth $53,000 after acquiring an additional 74 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Grupo Aeroportuario del Pacífico by 42.5% during the 1st quarter. Parallel Advisors LLC now owns 342 shares of the transportation company’s stock worth $67,000 after acquiring an additional 102 shares in the last quarter. 12.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PAC has been the subject of a number of recent research reports. StockNews.com began coverage on shares of Grupo Aeroportuario del Pacífico in a report on Thursday. They issued a “hold” rating for the company. HSBC upgraded shares of Grupo Aeroportuario del Pacífico from a “hold” rating to a “buy” rating in a report 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 report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Grupo Aeroportuario del Pacífico presently has an average rating of “Hold” and an average target price of $150.50.

Read Our Latest Research Report on Grupo Aeroportuario del Pacífico

Grupo Aeroportuario del Pacífico Stock Performance

NYSE:PAC opened at $177.10 on Friday. The firm has a market capitalization of $8.95 billion, a PE ratio of 20.61, a PEG ratio of 1.00 and a beta of 1.27. The stock’s fifty day moving average is $183.53 and its 200 day moving average is $183.73. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a fifty-two week low of $126.01 and a fifty-two week high of $200.85. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.24 and a current ratio of 2.24.

Grupo Aeroportuario del Pacífico (NYSE:PAC – Get Free Report) last announced its earnings results on Monday, July 24th. The transportation company reported $2.87 earnings per share for the quarter, meeting the consensus estimate of $2.87. The business had revenue of $487.62 million for the quarter. Grupo Aeroportuario del Pacífico had a net margin of 33.49% and a return on equity of 48.61%. On average, sell-side analysts anticipate that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 11.08 earnings per share for the current year.

Grupo Aeroportuario del Pacífico Cuts Dividend

The company also recently disclosed a — dividend, which was paid on Monday, July 24th. Shareholders of record on Wednesday, July 12th were paid a $2.1661 dividend. This represents a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, July 11th.

Grupo Aeroportuario del Pacífico Company Profile

(Free Report)

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 was incorporated in 1998 and is headquartered in Guadalajara, Mexico.