Grupo Aeroportuario Del Pacifico, S.A. de C.V. (PAC) To Go Ex-Dividend on November 9th

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) announced an annual dividend on Wednesday, October 28th. Investors of record on Monday, November 9th will be given a dividend of $11.1850 per share by the transportation company on Monday, November 16th. This represents a yield of 500.0%. The ex-dividend date is Monday, November 9th.

Grupo Aeroportuario Del Pacifico has a payout ratio of 72.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Grupo Aeroportuario Del Pacifico to earn $12.66 per share next year, which means the company should continue to be able to cover its $10.04 annual dividend with an expected future payout ratio of 79.3%.

Grupo Aeroportuario Del Pacifico Stock Performance

Shares of PAC opened at $247.91 on Friday. Grupo Aeroportuario Del Pacifico has a 12 month low of $192.65 and a 12 month high of $300.41. 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 firm has a market cap of $12.53 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 1.66 and a beta of 0.94. The company’s fifty day moving average is $211.99 and its 200-day moving average is $236.13.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

Institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC increased its position in Grupo Aeroportuario Del Pacifico by 1.6% during the 1st quarter. Lazard Asset Management LLC now owns 1,172,634 shares of the transportation company’s stock valued at $289,488,000 after purchasing an additional 18,139 shares during the period. Bank of America Corp DE lifted its position in Grupo Aeroportuario Del Pacifico by 185.0% in the first quarter. Bank of America Corp DE now owns 83,866 shares of the transportation company’s stock worth $20,704,000 after buying an additional 54,439 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Grupo Aeroportuario Del Pacifico by 148.1% during the 1st 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 in the last quarter. Empirical Finance LLC grew its position in Grupo Aeroportuario Del Pacifico by 148.1% during the first quarter. Empirical Finance LLC now owns 74,607 shares of the transportation company’s stock valued at $18,418,000 after buying an additional 44,531 shares during the period. Finally, Advisors Preferred LLC acquired a new position in Grupo Aeroportuario Del Pacifico in the first quarter valued at approximately $595,000. 11.73% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario Del Pacifico Company Profile

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.