Capital International Investors Lowers Stock Holdings in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Capital International Investors trimmed its position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 90.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,048 shares of the transportation company’s stock after selling 65,738 shares during the quarter. Capital International Investors’ holdings in Grupo Aeroportuario del Pacífico were worth $1,150,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. BNP Paribas Financial Markets grew its position in Grupo Aeroportuario del Pacífico by 70.8% during the first quarter. BNP Paribas Financial Markets now owns 14,706 shares of the transportation company’s stock valued at $2,400,000 after acquiring an additional 6,097 shares during the last quarter. Mackenzie Financial Corp lifted its position in Grupo Aeroportuario del Pacífico by 10.6% during the fourth quarter. Mackenzie Financial Corp now owns 70,888 shares of the transportation company’s stock valued at $12,421,000 after buying an additional 6,776 shares during the period. Anthracite Investment Company Inc. purchased a new position in Grupo Aeroportuario del Pacífico during the fourth quarter valued at $1,489,000. Blue Trust Inc. raised its position in shares of Grupo Aeroportuario del Pacífico by 19.3% in the 4th quarter. Blue Trust Inc. now owns 685 shares of the transportation company’s stock worth $113,000 after purchasing an additional 111 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of Grupo Aeroportuario del Pacífico by 0.6% in the 1st quarter. Sei Investments Co. now owns 12,446 shares of the transportation company’s stock worth $2,031,000 after purchasing an additional 73 shares during the last quarter. 11.73% of the stock is currently owned by institutional investors.

Grupo Aeroportuario del Pacífico Stock Up 1.4 %

Shares of PAC traded up $2.18 during trading hours on Friday, hitting $160.30. The company had a trading volume of 30,678 shares, compared to its average volume of 52,170. 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. The firm has a fifty day moving average price of $167.39 and a 200-day moving average price of $163.77. The stock has a market capitalization of $8.10 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 2.58 and a beta of 1.46. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.13 and a current ratio of 1.13.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last released its quarterly earnings data on Monday, April 22nd. The transportation company reported $2.88 EPS for the quarter, missing the consensus estimate of $2.99 by ($0.11). The business had revenue of $500.56 million during the quarter. Grupo Aeroportuario del Pacífico had a return on equity of 47.50% and a net margin of 29.26%. On average, equities research analysts forecast that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 9.75 EPS for the current fiscal year.

Grupo Aeroportuario del Pacífico Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, August 2nd. Shareholders of record on Monday, July 22nd will be paid a dividend of $3.8657 per share. This is an increase from Grupo Aeroportuario del Pacífico’s previous semi-annual dividend of $2.09. This represents a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, July 22nd. Grupo Aeroportuario del Pacífico’s payout ratio is currently 33.84%.

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.