Uniplan Investment Counsel Inc. Sells 576 Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Uniplan Investment Counsel Inc. lowered its position in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 5.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,891 shares of the transportation company’s stock after selling 576 shares during the quarter. Uniplan Investment Counsel Inc.’s holdings in Grupo Aeroportuario Del Pacifico were worth $1,835,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Focus Partners Advisor Solutions LLC purchased a new position in Grupo Aeroportuario Del Pacifico in the 1st quarter valued at approximately $209,000. Canada Pension Plan Investment Board bought a new stake in shares of Grupo Aeroportuario Del Pacifico during the 1st quarter worth $7,010,000. Freedom Investment Management Inc. lifted its holdings in shares of Grupo Aeroportuario Del Pacifico by 141.1% during the 1st quarter. Freedom Investment Management Inc. now owns 4,533 shares of the transportation company’s stock worth $841,000 after acquiring an additional 2,653 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Grupo Aeroportuario Del Pacifico during the 1st quarter worth $456,000. Finally, 1832 Asset Management L.P. bought a new stake in shares of Grupo Aeroportuario Del Pacifico during the 1st quarter worth $13,027,000. Hedge funds and other institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario Del Pacifico Stock Performance

Shares of NYSE:PAC opened at $249.64 on Friday. The company has a market cap of $12.61 billion, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 3.09 and a beta of 1.11. The company has a 50-day moving average price of $236.26 and a 200-day moving average price of $216.14. 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, S.A. de C.V. has a 12 month low of $163.76 and a 12 month high of $256.22.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last issued its quarterly earnings data on Monday, July 21st. The transportation company reported $2.70 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.05). Grupo Aeroportuario Del Pacifico had a net margin of 24.28% and a return on equity of 39.81%. The firm had revenue of $584.36 million for the quarter, compared to the consensus estimate of $10.86 billion. As a group, equities 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 business also recently declared a semi-annual dividend, which was paid on Monday, August 25th. Investors of record on Wednesday, August 13th were given a dividend of $4.4656 per share. This is an increase from Grupo Aeroportuario Del Pacifico’s previous semi-annual dividend of $4.32. This represents a dividend yield of 350.0%. The ex-dividend date was Wednesday, August 13th. Grupo Aeroportuario Del Pacifico’s dividend payout ratio is presently 81.85%.

Wall Street Analyst Weigh In

PAC has been the subject of several recent research reports. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario Del Pacifico from an “underweight” rating to a “neutral” rating in a research note 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 note on Thursday, June 12th. Wall Street Zen downgraded shares of Grupo Aeroportuario Del Pacifico from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Scotiabank raised shares of Grupo Aeroportuario Del Pacifico from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 19th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $197.50.

About Grupo Aeroportuario Del Pacifico

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.