WCM Investment Management LLC Grows Holdings in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC)

WCM Investment Management LLC increased its position in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 24.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,968 shares of the transportation company’s stock after buying an additional 991 shares during the period. WCM Investment Management LLC’s holdings in Grupo Aeroportuario Del Pacifico were worth $932,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of America Corp DE increased its position in shares of Grupo Aeroportuario Del Pacifico by 60.2% in the 4th quarter. Bank of America Corp DE now owns 17,736 shares of the transportation company’s stock worth $3,104,000 after purchasing an additional 6,665 shares during the last quarter. Northern Trust Corp increased its position in shares of Grupo Aeroportuario Del Pacifico by 1,688.3% in the 4th quarter. Northern Trust Corp now owns 75,536 shares of the transportation company’s stock worth $13,218,000 after purchasing an additional 71,312 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Grupo Aeroportuario Del Pacifico by 8,020.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 406 shares of the transportation company’s stock worth $71,000 after purchasing an additional 401 shares during the last quarter. Atria Investments Inc bought a new stake in shares of Grupo Aeroportuario Del Pacifico in the 4th quarter worth about $204,000. Finally, US Bancorp DE increased its position in shares of Grupo Aeroportuario Del Pacifico by 22.1% in the 4th quarter. US Bancorp DE now owns 547 shares of the transportation company’s stock worth $96,000 after purchasing an additional 99 shares during the last quarter. Institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario Del Pacifico Price Performance

Shares of NYSE:PAC opened at $233.25 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.62. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a fifty-two week low of $146.62 and a fifty-two week high of $241.62. The firm has a 50-day simple moving average of $223.55 and a 200 day simple moving average of $200.27. The company has a market cap of $11.79 billion, a PE ratio of 24.58, a P/E/G ratio of 2.39 and a beta of 1.09.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $2.72 earnings per share for the quarter, missing analysts’ consensus estimates of $3.13 by ($0.41). The business had revenue of $541.03 million for the quarter, compared to the consensus estimate of $554.93 million. Grupo Aeroportuario Del Pacifico had a net margin of 25.64% and a return on equity of 37.67%. On average, sell-side analysts anticipate that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 EPS for the current year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th were paid a dividend of $4.3222 per share. This represents a yield of 3.4%. This is a positive change from Grupo Aeroportuario Del Pacifico’s previous semi-annual dividend of $3.87. The ex-dividend date of this dividend was Tuesday, May 27th. Grupo Aeroportuario Del Pacifico’s payout ratio is presently 40.89%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PAC shares. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario Del Pacifico from an “underweight” rating to a “neutral” rating in a research report on Friday, May 23rd. Bank of America downgraded shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “underperform” rating in a research report on Thursday, June 12th. Scotiabank raised shares of Grupo Aeroportuario Del Pacifico from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, May 19th. Finally, Wall Street Zen downgraded shares of Grupo Aeroportuario Del Pacifico from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $200.00.

Grupo Aeroportuario Del Pacifico 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.