Anthracite Investment Company Inc. Has $1.22 Million Holdings in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Anthracite Investment Company Inc. boosted its stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 14.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,000 shares of the transportation company’s stock after buying an additional 882 shares during the quarter. Anthracite Investment Company Inc.’s holdings in Grupo Aeroportuario del Pacífico were worth $1,218,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Lazard Asset Management LLC lifted its holdings in shares of Grupo Aeroportuario del Pacífico by 141.5% during the first quarter. Lazard Asset Management LLC now owns 481,256 shares of the transportation company’s stock valued at $78,526,000 after acquiring an additional 281,966 shares during the period. 1832 Asset Management L.P. acquired a new stake in shares of Grupo Aeroportuario del Pacífico during the 2nd quarter worth about $13,976,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Grupo Aeroportuario del Pacífico during the 1st quarter valued at about $2,676,000. Quadrature Capital Ltd acquired a new position in Grupo Aeroportuario del Pacífico in the first quarter valued at about $1,485,000. Finally, Metis Global Partners LLC grew its stake in Grupo Aeroportuario del Pacífico by 54.0% during the third quarter. Metis Global Partners LLC now owns 21,542 shares of the transportation company’s stock worth $3,749,000 after buying an additional 7,553 shares during the last quarter. Institutional investors and hedge funds own 11.73% of the company’s stock.

Grupo Aeroportuario del Pacífico Stock Up 0.1 %

NYSE:PAC opened at $186.92 on Wednesday. The company has a market cap of $9.45 billion, a price-to-earnings ratio of 18.58, a P/E/G ratio of 1.60 and a beta of 1.46. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50. The stock’s fifty day moving average price is $176.27 and its two-hundred day moving average price is $171.02. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 52-week low of $139.50 and a 52-week high of $197.31.

Grupo Aeroportuario del Pacífico Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be paid a dividend of $3.7626 per share. This represents a $15.05 annualized dividend and a dividend yield of 8.05%. The ex-dividend date of this dividend is Monday, November 25th. Grupo Aeroportuario del Pacífico’s dividend payout ratio (DPR) is presently 19.18%.

Analyst Upgrades and Downgrades

PAC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Thursday, September 5th. Citigroup upgraded Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research report on Wednesday, August 28th. The Goldman Sachs Group increased their target price on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Scotiabank lowered Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $224.00 to $185.00 in a research note on Wednesday, September 25th. Finally, Bank of America upgraded shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Grupo Aeroportuario del Pacífico presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

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.