Creative Planning Acquires Shares of 2,236 Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Creative Planning bought a new stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 2,236 shares of the transportation company’s stock, valued at approximately $348,000.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. increased its stake in shares of Grupo Aeroportuario del Pacífico by 163.0% in the 2nd quarter. Blue Trust Inc. now owns 284 shares of the transportation company’s stock valued at $46,000 after buying an additional 176 shares during the period. Mather Group LLC. bought a new stake in Grupo Aeroportuario del Pacífico during the 1st quarter worth about $119,000. SG Americas Securities LLC acquired a new position in Grupo Aeroportuario del Pacífico during the 2nd quarter valued at about $242,000. Sanders Morris Harris LLC bought a new position in shares of Grupo Aeroportuario del Pacífico in the 1st quarter valued at about $261,000. Finally, Virtu Financial LLC bought a new position in shares of Grupo Aeroportuario del Pacífico in the 1st quarter valued at about $293,000. 11.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PAC. Citigroup raised shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Thursday, September 5th. Bank of America upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 28th. Scotiabank cut Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $224.00 to $185.00 in a research note on Wednesday, September 25th. Finally, The Goldman Sachs Group increased their target price on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Grupo Aeroportuario del Pacífico presently has an average rating of “Moderate Buy” and an average target price of $195.00.

Grupo Aeroportuario del Pacífico Stock Performance

Shares of NYSE:PAC opened at $172.09 on Friday. The company has a 50 day moving average price of $171.73 and a two-hundred day moving average price of $169.93. The company has a market capitalization of $8.70 billion, a PE ratio of 15.37, a PEG ratio of 1.59 and a beta of 1.46. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 52 week low of $107.25 and a 52 week high of $197.31.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last issued its quarterly earnings data on Monday, July 22nd. The transportation company reported $2.55 EPS for the quarter, missing the consensus estimate of $3.01 by ($0.46). Grupo Aeroportuario del Pacífico had a return on equity of 47.50% and a net margin of 29.26%. The business had revenue of $421.54 million for the quarter. On average, sell-side analysts forecast that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 9.88 earnings per share for the current year.

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.