Albert D Mason Inc. Sells 1,550 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Albert D Mason Inc. decreased its position in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 12.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,095 shares of the transportation company’s stock after selling 1,550 shares during the period. Grupo Aeroportuario del Pacífico accounts for 1.3% of Albert D Mason Inc.’s investment portfolio, making the stock its 20th biggest holding. Albert D Mason Inc.’s holdings in Grupo Aeroportuario del Pacífico were worth $1,942,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp lifted its position in shares of Grupo Aeroportuario del Pacífico by 67.9% during the 3rd quarter. Van ECK Associates Corp now owns 220 shares of the transportation company’s stock worth $38,000 after purchasing an additional 89 shares during the last quarter. Signaturefd LLC increased its position in Grupo Aeroportuario del Pacífico by 34.0% in the 3rd quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock worth $44,000 after buying an additional 64 shares during the period. Blue Trust Inc. lifted its holdings in shares of Grupo Aeroportuario del Pacífico by 37.3% during the third quarter. Blue Trust Inc. now owns 390 shares of the transportation company’s stock worth $68,000 after buying an additional 106 shares during the last quarter. US Bancorp DE boosted its position in shares of Grupo Aeroportuario del Pacífico by 24.4% in the third quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock valued at $78,000 after acquiring an additional 88 shares during the period. Finally, Cozad Asset Management Inc. bought a new stake in shares of Grupo Aeroportuario del Pacífico in the third quarter valued at approximately $218,000. 11.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PAC. Scotiabank cut shares of Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and cut their target price for the company from $224.00 to $185.00 in a research note on Wednesday, September 25th. UBS Group upgraded shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

Grupo Aeroportuario del Pacífico Stock Performance

PAC opened at $189.70 on Friday. The stock’s 50 day simple moving average is $184.85 and its 200-day simple moving average is $174.03. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. The stock has a market cap of $9.59 billion, a PE ratio of 18.86, a P/E/G ratio of 1.34 and a beta of 1.46. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 1 year low of $139.64 and a 1 year high of $200.00.

Grupo Aeroportuario del Pacífico Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid a $3.7626 dividend. This represents a $15.05 dividend on an annualized basis and a dividend yield of 7.93%. The ex-dividend date of this dividend was Monday, November 25th.

Grupo Aeroportuario del Pacífico 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.