Grupo Aeroportuario del Pacífico (NYSE:PAC) Given “Equal Weight” Rating at Barclays

Barclays reiterated their equal weight rating on shares of Grupo Aeroportuario del Pacífico (NYSE:PAC) in a research note issued to investors on Tuesday, MarketBeat.com reports.

A number of other equities analysts have also recently weighed in on PAC. UBS Group upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Tuesday, November 26th. Scotiabank cut shares of Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $224.00 to $185.00 in a report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $195.00.

Grupo Aeroportuario del Pacífico Trading Down 0.1 %

Shares of PAC stock opened at $189.35 on Tuesday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. Grupo Aeroportuario del Pacífico has a twelve month low of $139.64 and a twelve month high of $200.00. The company’s 50-day moving average price is $185.71 and its 200-day moving average price is $174.95. The stock has a market cap of $9.57 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 1.22 and a beta of 1.46.

Grupo Aeroportuario del Pacífico Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were issued a $3.7626 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $15.05 dividend on an annualized basis and a dividend yield of 7.95%.

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

Several hedge funds have recently made changes to their positions in the company. Blue Trust Inc. grew its stake in Grupo Aeroportuario del Pacífico by 102.6% during the 4th quarter. Blue Trust Inc. now owns 790 shares of the transportation company’s stock worth $137,000 after buying an additional 400 shares during the last quarter. Marshall Financial Group LLC increased its holdings in shares of Grupo Aeroportuario del Pacífico by 6.0% in the fourth quarter. Marshall Financial Group LLC now owns 5,928 shares of the transportation company’s stock valued at $1,037,000 after purchasing an additional 338 shares during the period. Fifth Third Bancorp grew its position in Grupo Aeroportuario del Pacífico by 327.4% in the 4th quarter. Fifth Third Bancorp now owns 359 shares of the transportation company’s stock valued at $63,000 after buying an additional 275 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Grupo Aeroportuario del Pacífico by 7.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 92,372 shares of the transportation company’s stock valued at $16,164,000 after buying an additional 6,139 shares during the period. Finally, Outlook Wealth Advisors LLC lifted its position in Grupo Aeroportuario del Pacífico by 12.2% in the fourth quarter. Outlook Wealth Advisors LLC now owns 2,397 shares of the transportation company’s stock valued at $419,000 after purchasing an additional 261 shares during the period. Hedge funds and other institutional investors own 11.73% of the company’s stock.

About Grupo Aeroportuario del Pacífico

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.