Grupo Aeroportuario del Pacífico (NYSE:PAC) Sees Unusually-High Trading Volume – Should You Buy?

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) saw unusually-strong trading volume on Monday . Approximately 35,584 shares changed hands during mid-day trading, an increase of 6% from the previous session’s volume of 33,572 shares.The stock last traded at $185.19 and had previously closed at $182.85.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. UBS Group raised Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Tuesday, November 26th. Scotiabank lowered Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $224.00 to $185.00 in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Grupo Aeroportuario del Pacífico Stock Performance

The business has a 50-day moving average of $183.42 and a 200 day moving average of $173.08. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50. The company has a market cap of $9.40 billion, a PE ratio of 18.50, a PEG ratio of 1.66 and a beta of 1.46.

Grupo Aeroportuario del Pacífico Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were given a dividend of $3.7626 per share. The ex-dividend date was Monday, November 25th. This represents a $15.05 annualized dividend and a yield of 8.09%. Grupo Aeroportuario del Pacífico’s dividend payout ratio (DPR) is 19.18%.

Institutional Trading of Grupo Aeroportuario del Pacífico

Several hedge funds have recently bought and sold shares of the stock. Northcape Capital Pty Ltd grew its stake in shares of Grupo Aeroportuario del Pacífico by 4.5% during the 4th quarter. Northcape Capital Pty Ltd now owns 171,841 shares of the transportation company’s stock valued at $30,070,000 after acquiring an additional 7,473 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Grupo Aeroportuario del Pacífico by 26.2% in the third quarter. JPMorgan Chase & Co. now owns 2,158 shares of the transportation company’s stock worth $376,000 after purchasing an additional 448 shares during the period. Geode Capital Management LLC increased its stake in shares of Grupo Aeroportuario del Pacífico by 7.6% in the third quarter. Geode Capital Management LLC now owns 2,465 shares of the transportation company’s stock worth $429,000 after purchasing an additional 175 shares in the last quarter. ABS Direct Equity Fund LLC raised its position in shares of Grupo Aeroportuario del Pacífico by 4.9% during the 3rd quarter. ABS Direct Equity Fund LLC now owns 15,160 shares of the transportation company’s stock valued at $2,638,000 after purchasing an additional 710 shares during the period. Finally, National Bank of Canada FI lifted its stake in shares of Grupo Aeroportuario del Pacífico by 7,927.9% during the 3rd quarter. National Bank of Canada FI now owns 48,970 shares of the transportation company’s stock valued at $8,521,000 after buying an additional 48,360 shares in the last quarter. Institutional investors own 11.73% of the company’s stock.

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.