Capital Research Global Investors Has $4.24 Million Holdings in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Capital Research Global Investors cut its holdings in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 86.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,864 shares of the transportation company’s stock after selling 115,858 shares during the period. Capital Research Global Investors’ holdings in Grupo Aeroportuario Del Pacifico were worth $4,237,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PAC. Russell Investments Group Ltd. raised its position in shares of Grupo Aeroportuario Del Pacifico by 5.0% during the third quarter. Russell Investments Group Ltd. now owns 113,102 shares of the transportation company’s stock worth $26,827,000 after purchasing an additional 5,433 shares during the period. Diversify Advisory Services LLC acquired a new position in shares of Grupo Aeroportuario Del Pacifico in the 3rd quarter valued at approximately $377,000. Dimensional Fund Advisors LP increased its stake in Grupo Aeroportuario Del Pacifico by 7.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 148,715 shares of the transportation company’s stock worth $35,315,000 after purchasing an additional 10,201 shares in the last quarter. American Century Companies Inc. increased its stake in Grupo Aeroportuario Del Pacifico by 7.2% during the 3rd quarter. American Century Companies Inc. now owns 153,328 shares of the transportation company’s stock worth $36,368,000 after purchasing an additional 10,310 shares in the last quarter. Finally, Diversify Wealth Management LLC acquired a new stake in Grupo Aeroportuario Del Pacifico during the 3rd quarter worth approximately $1,044,000. 11.73% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario Del Pacifico Trading Down 3.8%

NYSE:PAC opened at $227.58 on Friday. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a twelve month low of $168.62 and a twelve month high of $300.41. The company has a quick ratio of 2.01, a current ratio of 0.91 and a debt-to-equity ratio of 2.21. The business has a 50 day moving average price of $269.56 and a two-hundred day moving average price of $248.66. The company has a market cap of $11.50 billion, a P/E ratio of 22.20, a price-to-earnings-growth ratio of 1.38 and a beta of 1.01.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last issued its quarterly earnings results on Tuesday, February 24th. The transportation company reported $1.97 earnings per share for the quarter, missing the consensus estimate of $3.08 by ($1.11). Grupo Aeroportuario Del Pacifico had a return on equity of 41.85% and a net margin of 24.06%.The business had revenue of $549.01 million for the quarter, compared to the consensus estimate of $613.30 million. As a group, analysts expect that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PAC has been the topic of a number of research reports. Zacks Research raised shares of Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Bank of America raised shares of Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a research report on Thursday, December 11th. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, January 22nd. Citigroup reaffirmed a “neutral” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, January 15th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, December 4th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Grupo Aeroportuario Del Pacifico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE:PAC), commonly known as GAP, is a leading airport operator in Mexico. Established in 1998 as part of the federal government’s airport privatization program, GAP holds long‐term concession agreements—typically 50 years—to manage, develop and operate airports under a public–private partnership model. Through these concessions, the company undertakes terminal expansions, runway maintenance and the modernization of navigation and security systems.

The company’s portfolio comprises 12 airports across Mexico’s Pacific and western regions, including major hubs such as Guadalajara, Tijuana, Los Cabos, Puerto Vallarta and Mazatlán, as well as regional facilities in Aguascalientes, Morelia and La Paz.