Grupo Aeroportuario Del Pacifico (NYSE:PAC) Stock Rating Raised to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Grupo Aeroportuario Del Pacifico (NYSE:PAC) from a sell rating to a hold rating in a report released on Saturday morning,Wall Street Zen reports.

Several other analysts also recently weighed in on PAC. HSBC raised shares of Grupo Aeroportuario Del Pacifico from a “hold” rating to a “buy” rating and set a $277.00 target price on the stock in a research report on Monday, October 5th. Zacks Research upgraded shares of Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a research note on Monday, September 21st. Citigroup raised shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a report on Monday, July 20th. Morgan Stanley upgraded shares of Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $210.00 to $225.00 in a research note on Wednesday, August 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Monday, August 31st. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Grupo Aeroportuario Del Pacifico presently has an average rating of “Moderate Buy” and a consensus price target of $259.00.

Grupo Aeroportuario Del Pacifico Stock Up 1.5%

Shares of Grupo Aeroportuario Del Pacifico stock opened at $230.77 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.83. The company has a market cap of $11.66 billion, a P/E ratio of 20.53, a PEG ratio of 1.63 and a beta of 0.97. The firm’s 50 day moving average price is $208.88 and its 200-day moving average price is $236.66. Grupo Aeroportuario Del Pacifico has a 52-week low of $192.65 and a 52-week high of $300.41.

Grupo Aeroportuario Del Pacifico Announces Dividend

The company also recently announced an annual dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 9th will be given a $11.1850 dividend. This represents a dividend yield of 500.0%. The ex-dividend date is Monday, November 9th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE lifted its stake in shares of Grupo Aeroportuario Del Pacifico by 185.0% in the 1st quarter. Bank of America Corp DE now owns 83,866 shares of the transportation company’s stock worth $20,704,000 after acquiring an additional 54,439 shares during the period. Empirical Finance LLC raised its stake in shares of Grupo Aeroportuario Del Pacifico by 148.1% during the 1st quarter. Empirical Finance LLC now owns 74,607 shares of the transportation company’s stock worth $18,418,000 after buying an additional 44,531 shares in the last quarter. Empowered Funds LLC grew its holdings in Grupo Aeroportuario Del Pacifico by 148.1% during the first quarter. Empowered Funds LLC now owns 74,607 shares of the transportation company’s stock worth $18,418,000 after acquiring an additional 44,531 shares during the period. Lazard Asset Management LLC raised its position in Grupo Aeroportuario Del Pacifico by 1.6% in the first quarter. Lazard Asset Management LLC now owns 1,172,634 shares of the transportation company’s stock worth $289,488,000 after acquiring an additional 18,139 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in Grupo Aeroportuario Del Pacifico by 9.0% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 70,300 shares of the transportation company’s stock worth $17,355,000 after acquiring an additional 5,800 shares in the last quarter. 11.73% of the stock is currently owned by institutional investors and hedge funds.

About Grupo Aeroportuario Del Pacifico

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE: PAC), commonly known as GAP, develops, operates and maintains airport facilities under long-term concessions. Its business includes passenger and aircraft services, airport infrastructure, commercial areas, parking and other complementary services that support travelers, airlines and cargo operators.

GAP operates 12 airports in Mexico, including those serving Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, Guanajuato, Hermosillo, La Paz, Mexicali, Morelia, Aguascalientes, Manzanillo and Los Mochis.