Grupo Aeroportuario del Pacífico, SAB de CV (NYSE:PAC – Get Rating) declared a semi-annual dividend on Friday, May 13, The Wall Street Journal reports. Investors of record on Friday, May 13 will receive a dividend of $3.1502 per share from the shipping company on Thursday, May 26. This represents a return of 2.5%. The ex-date of this dividend is Thursday, May 12.

Grupo Aeroportuario del Pacífico has a dividend payout ratio of 91.2%, which means that its dividend is currently covered by earnings, but may not be in the future if earnings from the business fall. Analysts expect Grupo Aeroportuario del Pacífico to earn $7.81 per share next year, meaning the company should continue to be able to cover its annual dividend of $7.04 with a ratio of expected future payout of 90.1%.

NYSE PAC traded at $4.32 during Friday trading hours, hitting $139.38. The company’s shares had a trading volume of 11,915 shares, compared to an average volume of 52,928. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt ratio of 1, 38. The company has a 50-day simple moving average of $146.06 and a 200-day simple moving average of $138.64. Grupo Aeroportuario del Pacífico has a 52-week low of $103.70 and a 52-week high of $167.24. The stock has a market capitalization of $7.14 billion, a PE ratio of 20.21, a PEG ratio of 1.38 and a beta of 1.30.

Grupo Aeroportuario del Pacífico (NYSE:PAC – Get Rating) last released its results on Monday, April 25. The transportation company reported earnings per share (EPS) of $2.29 for the quarter, beating analysts’ consensus estimate of $1.43 by $0.86. Grupo Aeroportuario del Pacífico achieved a net margin of 34.29% and a return on equity of 35.01%. The company had revenue of $301.98 million for the quarter. As a group, stock analysts predict that Grupo Aeroportuario del Pacífico will post EPS of 7.02 for the current year.

A number of large investors have recently changed their positions in the stock. BlackRock Inc. increased its stake in Grupo Aeroportuario del Pacífico by 0.5% during the first quarter. BlackRock Inc. now owns 1,272,669 shares of the transportation company worth $205,193,000 after buying an additional 6,721 shares last quarter. Mackenzie Financial Corp increased its stake in Grupo Aeroportuario del Pacífico by 40.3% during the first quarter. Mackenzie Financial Corp now owns 90,420 shares of the transportation company worth $14,578,000 after buying an additional 25,978 shares last quarter. Dimensional Fund Advisors LP increased its stake in Grupo Aeroportuario del Pacífico by 13.2% during the first quarter. Dimensional Fund Advisors LP now owns 82,864 shares of the transportation company worth $13,349,000 after buying 9,684 additional shares in the last quarter. Sei Investments Co. increased its stake in Grupo Aeroportuario del Pacífico by 74.3% during the fourth quarter. Sei Investments Co. now owns 54,179 shares of the transportation company worth $7,448,000 after buying an additional 23,104 shares last quarter. Finally, Morgan Stanley increased its position in Grupo Aeroportuario del Pacífico by 22.3% in the third quarter. Morgan Stanley now owns 47,330 shares of the transportation company worth $5,505,000 after buying an additional 8,630 shares in the last quarter. 12.68% of the shares are currently held by hedge funds and other institutional investors.

A number of brokerages have published CAP reports. Bradesco Corretora reduced shares of Grupo Aeroportuario del Pacífico to a “hold” rating and set a target price of $150.00 on the stock. in a report on Tuesday, February 8. UBS Group upgraded shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “sell” rating in a report on Friday, January 28. Zacks Investment Research upgraded Grupo Aeroportuario del Pacífico from a “sell” rating to a “hold” rating and set a price target of $163.00 on the stock in a Wednesday, April 20 report. StockNews.com began covering Grupo Aeroportuario del Pacífico in a report on Thursday, March 31. They have set a “holding” rating on the stock. Finally, Citigroup raised its price target on Grupo Aeroportuario del Pacífico from $150.00 to $169.00 and gave the company a “buy” rating in a Monday, March 28 report. Two research analysts gave the stock a sell rating, four gave the stock a hold rating and three gave the stock a buy rating. According to MarketBeat.com, Grupo Aeroportuario del Pacífico currently has a consensus rating of “Hold” and an average price target of $151.50.

About Grupo Aeroportuario del Pacífico (Get a rating)

Grupo Aeroportuario del Pacífico, SAB. de CV, together with its subsidiaries, develops, manages and operates airports primarily in the Pacific region of Mexico. It has 12 airports in Guadalajara, Puerto Vallarta, Tijuana, San Jose del Cabo, Guanajuato (Bajío), Hermosillo, Mexicali, Los Mochis, La Paz, Manzanillo, Morelia and Aguascalientes, as well as two international airports in Jamaica.

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